Pension reform talks deliver policy and political wins for Ishiba

key takeaways
  • The ruling coalition and the Constitutional Democratic Party (CDP) agreed to a revised pension reform bill, avoiding a legislative setback for the Ishiba government.
  • Prime Minister Ishiba Shigeru not only secured a compromise including provisions that he had originally preferred, but the compromise with the CDP also increases friction among opposition parties, reducing the likelihood of a no-confidence motion and complicating their efforts to coordinate their upper house campaigns.

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