Core Points - The ruling Liberal Democratic Party (LDP) of Japan has announced a policy agenda for the upcoming elections, aiming for a 50% increase in national income by 2040 and a GDP exceeding 1,000 trillion yen (approximately $6.9 trillion) [1] - The LDP has committed to ensuring real and nominal wage growth rates of 1% and 3% per year, respectively, with a target of increasing average annual income from 4.2 million yen to 5.2 million yen by the fiscal year 2030 [1] - To alleviate inflation concerns, the LDP plans to provide cash subsidies of 40,000 yen per person to low-income groups and children, and 20,000 yen to other citizens [1] - The LDP is prepared to implement additional measures in response to tariff impacts, following recent emergency measures approved by the Shibayama Cabinet [1] - The nominal GDP of Japan reached a record high of 609 trillion yen in 2024, reaffirming the government's goal of achieving 1,000 trillion yen by 2040 [1] Additional Context - The support rate for the Shibayama Cabinet has seen a rebound, partly due to progress made by Minister of Agriculture, Forestry and Fisheries, Shinjiro Koizumi, in controlling rice price increases, which is a significant inflation issue affecting ordinary households [2]