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July 16, 2024
 

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CONSUMPTION TAX

BUSINESS / Economy
Sep 9, 2014
Abe needs more stimulus to raise sales tax, adviser Itoh says
The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe.
Japan Times
BUSINESS / Economy
Sep 9, 2014
Close Abe adviser calls for delay to next tax hike if economy slows
The Abe administration should put off the consumption tax hike scheduled for next year or raise the rate by 1 percentage point per year if the economy stalls, according to a special adviser to the prime minister.
Japan Times
BUSINESS / Economy
Sep 8, 2014
Japan current account balance back in black
The nation's current account balance was in the black for the first time in two months in July, hitting ¥416.7 billion as the income from foreign investments rose to a record high for the month, outweighing the trade deficit, the government said Monday.
BUSINESS / Economy
Sep 7, 2014
Economy probably slowed more than expected in second quarter, Amari says
Economic and fiscal policy minister Akira Amari said Sunday he thinks the economy's pace in the July-September quarter will be "slower than expected."
BUSINESS / Economy
Sep 5, 2014
Economic safeguards again in works for next tax hike, Amari says
The government plans to have steps in place to protect the economy if it decides to complete the doubling of the consumption tax to 10 percent in October 2015, reappointed economy minister Akira Amari said Friday.
Japan Times
BUSINESS
Sep 5, 2014
Aso plans new extra budget to cushion sales tax hike to 10%
The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday.
JAPAN / Politics
Sep 4, 2014
Abe mum ahead of second stage of tax hike
Prime Minister Shinzo Abe is keeping quiet about whether to he will raise the consumption tax in October 2015 as scheduled, saying only that he will make a final decision while "comprehensively" analyzing the economic situation.
Japan Times
JAPAN
Sep 4, 2014
First lady Akie Abe speaks out ahead of consumption tax decision
First Lady Akie Abe said Thursday her husband's administration should consider cutting wasteful spending and boosting the economy before going ahead with a rise in the consumption tax to 10 percent.
BUSINESS / Economy
Sep 1, 2014
Auto sales fall to lowest in three years on sales tax hike
Auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping following the April 1 consumption tax increase.
BUSINESS / Economy
Aug 28, 2014
Additional sales tax hike difficult decision for Abe: adviser
Japan's additional consumption tax hike planned for next year is a hard decision for Prime Minister Shinzo Abe to make, given a slowdown in the nation's economic recovery, one of his advisers said Wednesday.
BUSINESS / Companies
Aug 25, 2014
Close watch needed for tax hike's impact on auto demand: Fuji Heavy exec
An executive in charge of marketing at Fuji Heavy Industries Ltd. said Monday that the maker of Subaru brand vehicles must continue to keep a close eye on the domestic auto market nearly five months after the consumption tax increase began denting demand.
BUSINESS / Economy
Aug 21, 2014
July supermarket down fourth month since tax hike
Supermarket sales fell 2.1 percent in July from a year earlier on a same-store basis, declining for the fourth consecutive month since the April 1 consumption tax hike, an industry body said Thursday.
BUSINESS / Economy
Aug 20, 2014
Skepticism over Abe's inflation goal grows as price gauge retreats
Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth.
Japan Times
BUSINESS / Economy
Aug 17, 2014
Most major firms expect to see economy grow by year-end
A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government's plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says.
Japan Times
COMMUNITY / How-tos / LIFELINES
Aug 17, 2014
From 2015, you may not have to work 25 years to draw a pension
The period you have to pay into the system to be eligible to draw a pension is supposed to be cut down to 10 years in October 2015, but this is inextricably linked to a planned consumption tax hike.
BUSINESS / Economy
Aug 13, 2014
Japan's economy suffers biggest decline since 2011 as tax hike bites
The Japanese economy suffered its biggest contraction since the March 2011 earthquake in the second quarter of this year as the hike in sales tax to 8 from 5 percent took a heavy toll on household spending, stoking fears that any rebound may be too modest to sustain a solid recovery.
BUSINESS / Economy
Aug 12, 2014
Energy, food costs pushed Japan's wholesale prices higher in July
Wholesale prices rose 4.3 percent in July from a year earlier largely due to higher energy costs and price increases for some food items, the Bank of Japan said Tuesday.
Japan Times
BUSINESS / YEN FOR LIVING
Aug 2, 2014
Inflation Watch: Food manufacturers offering less
Food companies know that consumers are now sensitive to price increases and use an old solution
BUSINESS / Companies
Jul 25, 2014
LVMH profit trails estimates as Japan tax hike hits fashion biz
LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods.
Japan Times
JAPAN / EXPLAINER
Jul 21, 2014
Selective consumption tax weighed
It's only been three months since the consumption tax was hiked to 8 percent, but the ruling coalition is already expediting talks on another increase scheduled to come into effect in October next year.
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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