Former Secretary-General Ishiba expressed his desire to strengthen taxation on financial income.Kobahawk, also known as Mr. Kobayashi, expressed opposition.It seems that one of the key issues in the leadership election has emerged suddenly.So, first let's summarize the background of the increase in taxes on financial income that Prime Minister Kishida proposed in the previous leadership election.
Therefore, I have compiled the history of the increase in taxes on financial income proposed by Prime Minister Kishida in the previous leadership election.
What is taxable financial income?
Taxable financial income refers to the taxes on capital gains from stocks and dividends. Currently, the tax rate for financial income is set at a flat rate of 20% (15% income tax and 5% resident tax). *Currently, the recovery tax is 0.315% in addition to 20.315%.
Prime Minister Kishida was considering revising this tax system in order to balance growth and distribution at the time. Specifically, as follows.
Tax rate increase:Proposal to raise the flat rate of 20%.
Progressive taxation:A proposal to impose taxes progressively on high-income earners.
What is the 0.1 billion yen threshold?
Due to the current flat 20% taxation on financial income, there is a problem known as the "0.1 billion yen threshold", where the tax burden for high-income earners is relatively light. This refers to high-income earners with a high proportion of financial income being able to profit at a consistent tax rate without being subject to progressive taxation.
給与所得の累進課...

This article uses automatic translation for some of its parts
The U.S. Department of Labor Statistics (BLS) announced on the 21st that there is a possibility that the increase in the number of workers in the past year was 28% less than announced. The current correction was drastic for the first time in 15 years, and there is a possibility that the actual state of the economy has weakened more than expected, and although it was pointed out that the Fed's interest rate cut, which is certain to start in September, took a backseat, the market reaction was weak.
The US stock index rose across the board on the 21st, the S&P 500 index rose 0.42%, the Dow rose 0.14%, and the US small cap index and chip stock index rose 1% or more. US bond yields also continued to fall (bond prices rose), $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$It dropped to close to 11 basis points.
Suggests a drastic slowdown in the labor market
On the 21st, the Bureau of Labor Statistics of the US Department of Labor announced the estimated value of annual revisions for employment statistics for 2024, and the total number of US non-farm payers for 1 year until 2024/3 was 0.818 million, a downward revision of 0.5%.
There was already a strong sense of deceleration in the US labor market, but the actual situation shows that it has cooled down even more.
The official revised value is 25/1...

As mentioned in the headline, Japanese stocks finally regained their composure on the 15th.
The reason is that volatility has declined.
It was before 10 a.m., but it dropped to 26.75.
First, the red card was on until it reached 30 or less, but it finally dropped to the yellow level. Furthermore, personally, I think 25-27 is the upper limit area of the market price that has settled down, so it's good that we divided it by 27.
On top of that, today it was announced that real GDP for the 2nd quarter turned positive for the first time in 2 quarters. I think this gave me an even more immediate sense of security.
Real GDP from April to June increased at an annual rate of 3.1%, and private consumption and capital investment were positive
There is also a view that there is still a negative rebound increase in the 1st quarter, so it won't be that big of an increase, and since I think the expected value of Japanese stocks is in the 36500 yen to 37,000 yen zone in the first place, it is possible that the market price has finally stabilized since entering here.
While the bleeding in Japanese stocks has stopped and is recovering little by little, rice retail sales will come out today at 21:30 on the night of the 15th. Moved since the day before yesterday...

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●The Nikkei Average ended at 36726.64 yen, 284.21 yen higher than the previous business day
● Digital Minister Kono and Minister of Economy, Trade and Industry Saito are motivated to run for the presidential election and “don't hesitate” to run for the prime minister
● Sudden decline in credit buybacks, frequent further evidence due to stock crashes - “There are many damaged individuals”
● Partnership talks with Intel break down with SoftBank G and AI semiconductors = FT
● Megabanks such as Mitsubishi UFJ are drastically high, GDP market predictions are rising, and interest rate hike scenario awareness ◇
● The rise in shipping stocks is conspicuous, and repurchases of high-dividend stocks and rising container ship freight market conditions are tailwind ◇
● Attention to the handle: $SoftBank Group (9984.JP)$、 $Mitsubishi UFJ Financial Group (8306.JP)$、 $Mitsubishi Heavy Industries (7011.JP)$、 $Mizuho Financial Group (8411.JP)$,...