Shinjiro Koizumi, a Japanese reform proponent running for the ruling party’s top position, said he will aim to create fresh economic measures immediately to counter inflation and wants to raise average wages by ¥1 million ($6,760) within five years.
Koizumi released his policy proposals on Saturday, saying he will reduce gasoline levies and overhaul income taxes, while aiming to use the increase in tax revenues to spur economic growth. Along with his goal for wage gains, he also targets to boost investments in Japan by ¥135 trillion by fiscal year 2030.