In the wake of the landslide victory of the Liberal Democratic Party (LDP) in the House of Representatives elections, the chairman of the Japan Business Federation, Yosho Tsutsui, expressed his approval at a press conference. He noted that the LDP's return to a majority position is a testament to the administration's support from the public and contributes significantly to political stability in the country. Tsutsui emphasized that this stability is crucial for fostering a conducive economic environment in Japan.

While expressing gratitude for the electoral outcome, Tsutsui also raised concerns regarding the ongoing dialogue about consumption tax. He reiterated that the consumption tax has long been seen as a vital source of funding for social security and urged for a thorough debate on any proposed reductions. He suggested that a national conference should be promptly established to facilitate deeper discussions concerning the optimal approach to tax policy, encouraging the inclusion of diverse perspectives from the private sector.

Furthermore, Tsutsui acknowledged the growing concerns among businesses, particularly in the food and beverage sectors, about the burden of the current tax system. He highlighted the necessity of gathering feedback from the private sector in any discussions on tax reform, ensuring that the voices of those directly affected by these policies are heard, which could ultimately aid in creating a fairer and more effective tax system in Japan.