ID :
32679
Thu, 11/27/2008 - 22:28
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https://oananews.org//node/32679
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Bill to support banking sector to be passed by year-end
TOKYO, Nov. 27 Kyodo - A bill to support the banking sector through public fund injections appears likely to be passed by the end of this year now that the opposition Democratic Party of Japan has reversed its position to effectively block its passage by
withholding a vote on it.
A senior DPJ lawmaker said Thursday that the party will vote on the bill in the
opposition-dominated upper house if the current Diet session is extended to
Dec. 25.
The government officially requested Thursday afternoon to the ruling Liberal
Democratic Party and its coalition partner New Komeito party that they extend
the Diet session till Dec. 25 from Nov. 30 so that another key bill, an
antiterrorism refueling bill, may be passed.
The coalition submitted a request for an extension to the heads of both
chambers of the Diet. The House of Representatives is expected to vote on an
extension Friday.
The DPJ, meanwhile, plans to have the financial bill pass through the House of
Councillors after revising it with its own ideas.
The ruling parties are eyeing a second vote on the bill in the more powerful
lower house to override the DPJ-revised bill and pass the original version.
The DPJ will also soon introduce a package of stimulus measures to the House of
Councillors, Azuma Koshiishi, head of the party's upper house caucus, said in a
press conference.
''We'll draw public criticism if we refuse Diet deliberations or we adopt
delaying tactics,'' he said. The DPJ withheld a vote on the banking bill unless
a second supplementary budget including stimulus measures is introduced to the
Diet.
The ruling parties had considered extending the session to around Jan. 5 to
pass the banking bill through a second vote in the House of Representatives in
case the DPJ blocks the passage by refusing to hold a vote on the bill in the
upper house.
Under Japan's Constitution, the more powerful lower house can hold a revote to
pass a bill if the upper house rejects it or holds no vote within 60 days of
receiving the bill.
The ruling coalition will be able to pass it using its two-thirds majority in
the lower house during the extended session if the opposition bloc votes down
the bill in the upper house.
In the extended session, the ruling parties will also seek the passage of the
antiterrorism refueling bill by holding a second vote on it in the lower house.
The government-proposed bill is aimed at extending the temporary law
authorizing Japan's controversial refueling mission in the Indian Ocean in
support of antiterrorism operations in and around Afghanistan for one year
beyond its expiration next Jan. 15.
Aso has said he plans to introduce a second supplementary budget for fiscal
2008 to parliament early next year during a 150-day regular Diet session.
The second extra budget would finance an economic stimulus package worth 26.9
trillion yen, which Aso unveiled Oct. 30, to cushion the adverse impact of the
global financial crisis.
==Kyodo
withholding a vote on it.
A senior DPJ lawmaker said Thursday that the party will vote on the bill in the
opposition-dominated upper house if the current Diet session is extended to
Dec. 25.
The government officially requested Thursday afternoon to the ruling Liberal
Democratic Party and its coalition partner New Komeito party that they extend
the Diet session till Dec. 25 from Nov. 30 so that another key bill, an
antiterrorism refueling bill, may be passed.
The coalition submitted a request for an extension to the heads of both
chambers of the Diet. The House of Representatives is expected to vote on an
extension Friday.
The DPJ, meanwhile, plans to have the financial bill pass through the House of
Councillors after revising it with its own ideas.
The ruling parties are eyeing a second vote on the bill in the more powerful
lower house to override the DPJ-revised bill and pass the original version.
The DPJ will also soon introduce a package of stimulus measures to the House of
Councillors, Azuma Koshiishi, head of the party's upper house caucus, said in a
press conference.
''We'll draw public criticism if we refuse Diet deliberations or we adopt
delaying tactics,'' he said. The DPJ withheld a vote on the banking bill unless
a second supplementary budget including stimulus measures is introduced to the
Diet.
The ruling parties had considered extending the session to around Jan. 5 to
pass the banking bill through a second vote in the House of Representatives in
case the DPJ blocks the passage by refusing to hold a vote on the bill in the
upper house.
Under Japan's Constitution, the more powerful lower house can hold a revote to
pass a bill if the upper house rejects it or holds no vote within 60 days of
receiving the bill.
The ruling coalition will be able to pass it using its two-thirds majority in
the lower house during the extended session if the opposition bloc votes down
the bill in the upper house.
In the extended session, the ruling parties will also seek the passage of the
antiterrorism refueling bill by holding a second vote on it in the lower house.
The government-proposed bill is aimed at extending the temporary law
authorizing Japan's controversial refueling mission in the Indian Ocean in
support of antiterrorism operations in and around Afghanistan for one year
beyond its expiration next Jan. 15.
Aso has said he plans to introduce a second supplementary budget for fiscal
2008 to parliament early next year during a 150-day regular Diet session.
The second extra budget would finance an economic stimulus package worth 26.9
trillion yen, which Aso unveiled Oct. 30, to cushion the adverse impact of the
global financial crisis.
==Kyodo
