Osaka's 'Deputy Capital' Proposal in the Vision of the Ishin Party

The Japan Innovation Party is enthusiastic about realizing the concept of a ‘deputy capital’ to relocate some of the capital’s functions to regional areas. Amid the ruling Liberal Democratic Party and Komeito losing their majority in both the House of Representatives and the House of Councillors, they are considering forming a coalition government and drafting a bill. It would be wise to keep an eye on related stocks.

In the recent Upper House election, the Innovation Party made the reduction of social insurance premiums and the deputy capital concept key pillars of their manifesto. They advocate for correcting the…