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Japan: Political Change after the Economic Crisis Introduces Universalist Benefit

In: Basic Income Guarantee and Politics

Author

Listed:
  • Toru Yamamori

Abstract

Employment insecurity after the financial crisis of 2007 finally destroyed the “We are all middle class” myth. Another result of the crisis was the defeat of the Liberal Democratic Party (LDP). After over half a century as the majority party in the Diet, the LDP lost the 2009 election to the Democratic Party of Japan (DPJ). A prominent economist made the statement, “The logic of the income security and household subsidies indicated in the DPJ’s manifesto ultimately lead to the Basic Income discussed in Western Europe” (Ito 2009). In this vein, the DPJ’s Tax Policy Investigation Committee organized seminars on the topic of Basic Income (BI) in which I and two other experts gave presentations.

Suggested Citation

  • Toru Yamamori, 2012. "Japan: Political Change after the Economic Crisis Introduces Universalist Benefit," Exploring the Basic Income Guarantee, in: Richard K. Caputo (ed.), Basic Income Guarantee and Politics, chapter 0, pages 203-216, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-04530-0_12
    DOI: 10.1057/9781137045300_12
    as

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