The ruling Liberal Democratic Party and its junior coalition partner Komeito reached a rough agreement on Thursday on a proposed revision of the Political Funds Control Law to increase transparency over the handling of political financing.
However, the plan lacks details on key contentious issues, suggesting the two sides prioritized following Prime Minister Fumio Kishida’s instructions to draw up a joint proposal by the end of the week.
After days of negotiations to iron out the differences, the two sides agreed to tighten the use of so-called funds for political activities – amounts that lawmakers receive from their parties without any obligation to disclose details of their use – and to strengthen accountability for politicians involved in misconduct. .
