Second Akashi Great Council

Second Akashi Great Council is the Great Council of the State of Teiko formed after the 2015 national elections held last 26 November 2016. The second Akashi great council is the 40th generation great council assembled and is the current government of Teiko. The great council is expected to serve until 2022 after which Akashi is constitutionally barred to run for another term.

Background
The reelection of Akashi Seijuro enabled him to establish his second great council. Unlike presidential systems, appointment of the Minister of State does not require Teiko Royal Council confirmation.

Pre-inauguration activities
After winning the national elections, chancellor-elect Akashi hosted a press conference in Rakuzan in 30 November 2015. He expressed his gratitude for the support that the Teikonians have shown. Akashi also explained that he will continue important reforms, significantly Akashinomics which has continued to stir the country's economic growth. He also mentioned that he will pursue new policies such as abolishing the death penalty, adjustment of corporate tax, educational reform and government structure reform. Akashi also pointed out a possible constitutional change within the next three years.

In December, Akashi announced most of the members of his second great council. The first meeting of the second Akashi great council occurred last 14 December 2015.

Corporate tax enlargement
In 21 February 2016, Akashi announced that the Bank of Teiko and Ministry for Budget and Finance will be creating a research team that will focus on the increment of corporate tax.