The Tax Commission Chairman of the Liberal Democratic Party (LDP), Mr. Miyazawa, is set to resign. The news has caused ripples throughout Japan's political landscape as Miyazawa has been instrumental in shaping the nation's tax policies. The reasons for Mr. Miyazawa's resignation have not been revealed yet but his departure is considered significant, as he was a key figure in the ruling party.

In Japan, the news of the resignation of prominent political figures can lead to dramatic shifts in policy and popular opinion. As the tax commission chairman, Mr. Miyazawa has been behind various tax reforms, making his departure a matter of national concern. It signifies a potential shift in tax policies and also triggers speculations on his successor.

In the US or EU, the resignation of such high-ranking political figures would similarly have significant political implications. This could lead to revised policies, possible party dispute over succession, and affect public sentiment towards the party. The formation of tax policy, always being a timeless issue in the politics of any country, is impacted by such shifts in leadership.