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July 16, 2024
 

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CONSUMPTION TAX

BUSINESS
Jul 3, 2015
Fiscal 2014 tax revenue soars to highest in 21 years
The government said Friday that tax revenue in fiscal 2014 climbed to ¥54.0 trillion ($438.4 billion), the highest since 1993, thanks to a jump in corporate tax receipts and the first stage of the doubling of the consumption tax.
Japan Times
BUSINESS
Jul 3, 2015
Japan still set for 2017 tax hike despite struggling economy
The central government still plans to raise the national sales tax again in 21 months, even as the economy struggles to gain momentum following the recession caused by a hike in the levy last year.
BUSINESS / Economy
May 29, 2015
April industrial output up 1%, signaling economy finally recovering from '14 tax hike
Industrial output rose a seasonally adjusted 1 percent in April from the previous month for the first increase in three months, the government said Friday, signaling that the world's third-largest economy may be starting to recover from last year's consumption tax hike.
EDITORIALS
May 17, 2015
Fiscal road map needs hard choices
Prime Minister Shinzo Abe must be willing to make hard choices if he wants to reduce the nation's massive debt.
BUSINESS / Companies
May 1, 2015
Auto sales slow in April after tax hike on minicars
Sales of new autos slumped 7.5 percent in April from a year earlier to 319,482 units, with last month's auto tax hike on minivehicles acting as a brake on demand, industry bodies said Friday.
BUSINESS / Economy
Apr 13, 2015
Wholesale prices, minus tax hike effect, fall 2.1 percent on year
Wholesale prices in Japan, excluding the impact of last year's consumption tax hike, fell 2.1 percent in March from a year earlier, the Bank of Japan said Monday.
Japan Times
BUSINESS / Economy
Mar 10, 2015
Japan's rebound from recession weaker than estimated: GDP revision
The economy grew at a slower pace than initially estimated in the final quarter of 2014, as corporate capital spending declined amid the weak recovery in consumer demand following last year's consumption tax hike, government data said Monday.
EDITORIALS
Mar 3, 2015
The government's fiscal road map
The Abe administration's forthcoming fiscal rehabilitation plan may give clues as to whether it is serious about getting the government's fiscal house in order.
BUSINESS / Economy
Feb 6, 2015
Composite index suggests economy is improving
Japan's key composite index rose in December following a fall the previous month, the government said on Friday, suggesting the country's economy may have overcome the negative impact of the 3-percentage-point consumption tax hike to 8 percent last April.
Japan Times
BUSINESS / Economy
Jan 27, 2015
Nomura says 'Abenomics' more likely to derail amid doubt over tax pledge
Nomura Holdings Inc. says the probability that Prime Minister Shinzo Abe's economic policies will end badly is increasing.
BUSINESS / Economy
Jan 21, 2015
Keidanren to back pay-scale hikes for second straight year
The nation's leading association of business leaders said Tuesday it will support pay-scale hikes by member companies in the upcoming annual wage talks, adopting the policy for the second straight year.
BUSINESS / Economy
Jan 15, 2015
Wholesale prices rose for second consecutive year in 2014
Wholesale prices grew for the second straight year in 2014 on higher energy and raw material costs, but the pace slowed significantly in December amid the sharp fall in crude oil prices, the Bank of Japan said Thursday in a preliminary report.
BUSINESS / Economy
Jan 13, 2015
Tax hike may have lowered private spending by ¥1 trillion
Last April's consumption tax hike is estimated to have pushed down private spending by nearly ¥1 trillion for the six months through September, the Cabinet Office said in an annual economic report released Tuesday.
BUSINESS / Economy
Jan 9, 2015
Economy likely to log 0.5% contraction in real terms
In a reversal, the government now expects the economy to shrink around 0.5 percent in real terms for fiscal 2014, downgrading its July forecast of 1.2 percent growth, sources said Friday.
BUSINESS
Jan 3, 2015
87% of big firms expect economy to expand in 2015
A survey of unspecified kinds of companies says many are optimistic that Japan's shrinking economy will post growth in 2015.
BUSINESS / Economy
Dec 30, 2014
Ruling bloc OKs tax reform plan favoring wealthy Japanese
With an eye on propping up sluggish household spending and boosting business investment, the ruling coalition adopts tax reform policies entailing corporate tax cuts and expansion of tax breaks for the wealthy.
Japan Times
BUSINESS / Economy / ANALYSIS
Dec 28, 2014
2015: Make or break year for 'Abenomics'?
Prime Minister Shinzo Abe is likely to pursue a variety of policies that may hold the key to Japan's economic recovery in 2015.
Japan Times
BUSINESS
Dec 22, 2014
Sales tax hike stymies domestic car sales: JAMA
Major Japanese carmakers may have benefited from the yen's sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday.
EDITORIALS
Dec 5, 2014
Keep safety nets in place
Postponement of the consumption tax rate hike must not be used as an excuse to reduce funding of social security programs for low-income people, children from poor families and child-rearing households.
BUSINESS / Economy
Dec 2, 2014
Inflation-adjusted wages continue falling
Wages for salaried workers adjusted for inflation dropped 2.8 percent in October, marking the 16th consecutive month of decline, government data showed Tuesday.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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