(Bloomberg) -- Japan’s lower house of parliament passed a bill to add insurance premiums to help finance an expansion of childcare allowances, in a step...
-- Japan ’s lower house of parliament passed a bill to add insurance premiums to help finance an expansion of childcare allowances, in a step toward realizing one of Prime Minister Fumio Kishida ’s flagship policies.The bill, approved by the House of Representatives on Friday, calls for citizens to make an additional monthly contribution averaging between ¥350 to ¥950 to support the government’s expansion of children’s benefits.
Opposition parties have argued that the plan is in effect a tax hike, The government counters those claims by vowing to reduce social insurance premiums in the future. The largest non-ruling party, the Constitutional Democratic Party, had proposed using income from distributions from Exchange Traded Funds held by the Bank of Japan as an alternative funding source.The latest poll by Kyodo News showed public discontent with the plan, with 63.5% of respondents expressing disapproval of the program.
ReutersThe Kremlin is not pleased that French authorities have taken aim at Vladimir Putin’s ex-wife.A French court’s decision to seize the $5.7-million villa belonging to Russian citizen Artur Ocheretny, the new husband of Lyudmila Ocheretnaya , is “a priori illegal,” Kremlin spokesman Dmitry Peskov told reporters on Thursday.
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