A parliamentary committee set up to investigate a political funds scandal that has rocked Japan's ruling Liberal Democratic Party will convene next week, lawmakers say, as the LDP looked to make concessions on who will attend in a bid to secure passage of next fiscal year's budget.
The ruling Liberal Democratic Party's largest faction is believed to have underreported revenue from its fundraising events to reimburse its members for more than a decade, the LDP's internal investigation shows
More than 20 percent of ruling Liberal Democratic Party lawmakers have underreported revenues in political funds documents, an internal survey show, amid a slush funds scandal rattling the LDP.
The biggest faction in Japan's ruling Liberal Democratic Party decides at its last general meeting to set up a liquidation management committee to disband the group formerly headed by the late Prime Minister Shinzo Abe.
Japanese Prime Minister Fumio Kishida has decided to step down as chief of his faction in the ruling Liberal Democratic Party amid a political funds scandal, according a source close to him .