Japan coalition accepts opposition party's demand over stimulus steps

Japan's minority government accepted on Wednesday an opposition party's demand to raise the tax-free income threshold, paving the way for compilation of an inflation relief package.Prime Minister Shigeru Ishiba's ruling Liberal Democratic Party and its junior coalition partner Komeito are set to finalize measures to mitigate the negative impact of rising prices before gaining Cabinet approval, possibly on Friday.To win the Democratic Party for the People's support, the ruling bloc agreed to raise the tax-free income limit from the current 1.03 million yen ($6,600) and stated it would consid…READ FULL ARTICLE