The ruling Liberal Democratic Party and its main ally in government, New Komeito, are planning to submit a bill to allow the government to access bank accounts that have not been touched for 10 years or more. Photo: AFP
The ruling Liberal Democratic Party and its main ally in government, New Komeito, are planning to submit a bill to allow the government to access bank accounts that have not been touched for 10 years or more. Photo: AFP
Asia

Japan plans to raid dormant bank accounts to raise new revenue

Government resurrects proposal to help pay for welfare and education projects as the indebted country struggles to find new revenue

Julian Ryall
Julian Ryall

Updated: 10:35pm, 21 Jan, 2014

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The ruling Liberal Democratic Party and its main ally in government, New Komeito, are planning to submit a bill to allow the government to access bank accounts that have not been touched for 10 years or more. Photo: AFP
The ruling Liberal Democratic Party and its main ally in government, New Komeito, are planning to submit a bill to allow the government to access bank accounts that have not been touched for 10 years or more. Photo: AFP
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