Yes, the LDP is conservative, like I said. So close to that bunch of Obama haters amongst House republicans, want to decrease taxes for the very rich. Or I should say WANTED as your history of the party, except for the last paragraph of your post, runs from the 1950s to 1990.Ah Jacques, if you believe in Keynesian economics, you are not a Conservative!!!!
Main article: Factions in the Liberal Democratic Party (Japan)
The LDP has 3 major factions:
Heisei Kenkyukai (from the Liberal Party - Right Liberal)
Supported by local farmers, the construction industry, blue-collar workers, the defense industry, Japan Post workers, and discriminated village peoples.
This faction led economic development from 1960 to 1988. They promote international cooperation with China and Korea, a Gasoline Tax, construction of Highways/Shinkansen (Bullet Train), and protection of small farmers, Japan Post workers and discriminated peoples.
Founded by Diplomat Shigeru Yoshida. Succeeded by Eisaku Satō, Kakuei Tanaka, Ryutaro Hashimoto, Shigeru Ishiba.
Kouchi Kai (from Liberal Party - Keynesian economics and Right Liberal)
Supported by the established Liberal party of the bureaucracy, white-collar workers, doctors, small merchants and small factory people.
This faction led economic development from 1960 to 1988. They promote international cooperation with China and Korea, a Government bond/Consumption Tax for National Medical care and National Banks which financially support small firms, as well as Free trade Policy.
Founded by Diplomat Shigeru Yoshida. Succeeded by Hayato Ikeda, Kiichi Miyazawa, Sadakazu Tanigaki, Makoto Koga.
Seiwa Seisaku Kenkyukai (from Democratic Party - Nationalist)
Supported by Keidanren (keiretsu), established Authoritarian bureaucracy, war widows from WW2.
This faction promotes decreasing taxes for high income taxpayers, decreasing taxes for large companies, depending on the US for national defense issues, visits to Yasukuni Shrine in order to garner support from Nationalist voters without any special interest payments, returning the constitution to support the political system of the pre-WWII era, decreasing road/railway construction, decreasing medical care, eliminating overtime pay for white-collar workers, changing permanent employment to temporary employment, eliminating labor unions, free trade for car exports, removing protection for small farmers, privatization of Japan Post and the layoff of Japan Post workers.
1955 GHQ Changed their policy from Anti-Fascist to Anti-Communist, and released Nobusuke Kishi (A-class War Criminal, a member of Hideki Tōjō's Militarist Cabinet, and Grandfather of Shintaro Abe) from Sugamo Prison. Kishi founded the Japan Democratic Party (No relation to the current JDP)
The faction was suppressed by Heisei Seisaku Kenkyukai and Kochikai from 1960 to 1990 but because of a failure of the Heisei Seisaku Kenkyukai and Kochikai leadership it led the LDP from 2002 to 2008, mainly under Junichiro Koizumi.
Founded by Nobusuke Kishi. Succeeded by Takeo Fukuda, Junichiro Koizumi, Shinzō Abe, Yasuo Fukuda.