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Stock impact report

Potential Kingmaker for Japan's Ishiba Wants Worker Tax Breaks [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Most Read from Bloomberg There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District Inside NYC's Playbook for Getting Federal Grant Funds The Tartarian Candidate A Courtyard Apartment Building Designed for Southwest Sprawl Booming Cambridge Exposes England's Widening Wealth Gap After the ruling coalition's dismal performance in Sunday's election, Ishiba needs to find allies ahead of a vote next month, and the spotlight has fallen on the Democratic Party for the People. The group, headed by Yuichiro Tamaki, quadrupled its presence in parliament after campaigning on a policy of expanding tax-free income allowances for part-time workers. The DPP's 28 votes would be the easiest path to a majority for Ishiba's Liberal Democratic Party and its coalition partner Komeito, which together fell 18 seats short of the 233 required to pass legislation. While Japan is struggling with the biggest debt load in the developed world, accepting a loss of revenue in return Show less Read more
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