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November 22, 2024
 

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CONSUMPTION TAX

Japan Times
BUSINESS / Economy
Aug 8, 2013
Politicians unwilling to revisit tax hike law: adviser
Lawmakers are reluctant to reopen legislation on the sales tax rise, raising the bar for Prime Minister Shinzo Abe should he seek a shallower path of increases, according to one of his advisers.
Japan Times
BUSINESS / Economy
Aug 2, 2013
Tax delay and Fed paring called threat to JGB bubble
Takeshi Fujimaki, a former adviser to billionaire investor George Soros who won a seat in the Upper House election last month, said a delay in increasing the sales tax and a reduction in the U.S. Federal Reserve's stimulus could cause the Japanese government bond "bubble" to burst.
BUSINESS / Economy
Jul 31, 2013
Deficit cut mulled as sales tax debate intensifies
The Abe administration is considering an ¥8 trillion target for budget-deficit cuts over the next two years as officials debate how to proceed with the planned consumption tax increases that threaten to take the wind out of the economic rebound.
Japan Times
BUSINESS / Economy
Jul 29, 2013
Nation can weather April tax hike: Kuroda
Bank of Japan Gov. Haruhiko Kuroda showed little concern that the first phase of the sales tax hike could derail an economic rebound as Prime Minister Shinzo Abe decides whether to proceed with it.
BUSINESS
Jul 25, 2013
¥5 trillion package seen needed to cushion consumption tax rise
Prime Minister Shinzo Abe, now sitting on the biggest legislative majority in six years, faces the threat of political dissent within months as a planned hike in the sales tax threatens to arrest an economic rebound.
JAPAN
Jul 24, 2013
Aso stirs pot with tax plot
The consumption tax is driving a wedge between government officials. On one side sits Finance Minister Taro Aso, a vocal advocate for sticking to the plan to hike the levy next April, while on the other high-ranking officials pussyfoot, insisting it is the prime minister's decision to make — sometime...
Japan Times
BUSINESS
Jul 22, 2013
Poll outcome may benefit economy
With the ballots tallied and the opposition crushed, observers predict the ruling bloc's landslide victory Sunday amid the third-lowest voter turnout ever for a House of Councilors poll will have a positive impact on the economy and Prime Minister Shinzo Abe's stewardship of it.
COMMENTARY / Japan / SENTAKU MAGAZINE
Jul 21, 2013
Hesitating on sales tax hike?
Prime Minister Shinzo Abe is said to be considering delaying the increase in the consumption tax rate currently scheduled to take effect in April 2014.
Japan Times
BUSINESS
Jul 21, 2013
Confidence in monetary easing growing among G-20, Kuroda says
Bank of Japan Gov. Haruhiko Kuroda says confidence in the central bank's radical monetary easing experiment is spreading among the Group of 20 finance chiefs.
BUSINESS / Economy
Jun 20, 2013
April sales tax hike a given: Amari
Japan will answer the world's call and present a credible midterm fiscal plan by implementing the sales tax hike as planned next April, economic revitalization minister Akira Amari said Wednesday.
EDITORIALS
Jun 13, 2013
On track for a tax increase
The Abe administration seems hellbent on raising the consumption tax starting next year regardless of whether it threatens the nation's economic recovery.
Japan Times
JAPAN / Media / MEDIA MIX
Jul 8, 2012
What nobody is saying about Noda's new consumption tax bill
Two weeks ago, the Lower House passed a law to increase the consumption tax to 10 percent by 2015, something Prime Minister Yoshihiko Noda has been pushing with blinkered, self-sacrificial dedication. Eventual final passage seems inevitable at this point, and so the only aspect deemed worthy of discussion...
BUSINESS
Jul 7, 2012
IMF director praises consumption tax hike
The push by Prime Minister Yoshihiko Noda and his administration to raise the consumption tax is a key step that "will make the Japanese economy more agile and efficient," Christine Lagarde, managing director of the International Monetary Fund, said Friday in Tokyo.
BUSINESS / JAPANESE PERSPECTIVES
Apr 23, 2012
Consumption tax fiasco magnified by absence of financial fundamentals
To paraphrase Winston Churchill's all too famous words at the time of the Battle of Britain: "Never in the field of economic policy has so little been achieved by so many hours wasted by so many lawmakers." The outcome of the debate over Japan's consumption tax would surely extract a quote to surpass...
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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