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Table 2: Calendar of political events Date Event 2016 Sep 26 - Nov 30 (to be extended) Extraordinary Diet session (supplementary budget, TPP, tax-hike delay, casino bill) Nov 15 Nov 17 Nov 19-20 Outline of FY2017 Tax Reform to be released Dec 15-16 Dec 24 Cabinet to compile FY17 budget Ordinary Diet session (Jan) 2017 LDP annual convention (Mar 5) Tokyo parliamentary election (summer) 2018 Abe's second term as LDP President ends (Sep) Lower House election if no snap election before (Dec) 2019 Upper house election (summer) Consumption tax hike (Oct) 2020 2021 Source: BofA Merrill Lynch Global Research Bankof America Merrill Lynch Japan Economics Viewpoint | 18 November 2016-11 HOUSE_OVERSIGHT_014420
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