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Post by bot on Jun 21, 2012 2:53:09 GMT -5
Japan's DPJ seeks to extend Diet session: report from MarketWatch.com - MarketPulse HONG KONG (MarketWatch) -- Japan's ruling political party has proposed extending the current parliamentary session, which is set to end on Thursday, until Sept. 8 to buy enough time to vote on several contentious tax and social security reform bills, according to media reports. The Democratic Party of Japan and two key opposition parties sent a pair of bills to the Diet Wednesday night in a rare show of unity, the Nikkei newspaper reported in its online edition Thursday. The three parties will submit revised versions of a more contentious proposal to increase a consumption tax rate, as well as changes to the country's social security, in the coming days. Prime Minister Yoshihiko Noda addressed an assembly of DPJ lawmakers Wednesday evening, calling for solidarity on the reforms package, but ran into opposition from a faction of the DPJ, headed by heavyweight politician Ichiro Ozawa, which is resisting the consumption tax hike, the Nikkei added.
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