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August 15, 2024
 

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CONSUMPTION TAX

Japan Times
BUSINESS / Economy / ANALYSIS
Jul 5, 2018
Government tax revenues near historical high in FY 2017, belying Japan's precarious economic balancing act
Some economists see the upcoming 2019 consumption tax increase as a potential step toward repeating mistakes of the past.
EDITORIALS
May 24, 2018
Japan's daunting long-term social welfare costs
Discussions must start now on making sure the social welfare system can meet Japan's future needs.
Japan Times
BUSINESS
May 1, 2018
Countermeasures could cut impact of tax hike on households by ¥2.2 trillion: Bank of Japan
The financial impact on households of a planned October 2019 consumption tax hike could be reduced to ¥2.2 trillion if the government implements countermeasures, including lower tax rates for certain food items, according to the Bank of Japan's recent estimate.
Japan Times
BUSINESS / Economy
Mar 22, 2018
74% of Japanese firms want BOJ to exit stimulus but see no tightening till 2019 or beyond: poll
Three-quarters of Japanese companies say the Bank of Japan needs to exit from its supereasy monetary policy but most do not see that happening until next year or beyond, a poll found.
Japan Times
BUSINESS / Economy
Jan 23, 2018
Japanese companies expect strong run of economic growth but are more wary than market estimates
Nearly three-quarters of companies expect the economy to keep expanding at least another year, extending an already strong run, although they were not as bullish as market estimates, according to a Reuters poll.
Japan Times
JAPAN / Politics
Oct 19, 2017
Voters in Abe's heartland fear future sales tax hike as they struggle with stagnant wages
Chiyoko Yamamoto works in one of the best regions in Japan — a place with one of the lowest rates of unemployment, a growing economy, and the highest level of female employment in the country.
Japan Times
BUSINESS
Sep 27, 2017
Japan's biz leaders push for raising sales tax beyond 10%
Business leaders have called on the government to raise the consumption tax to more than 10 percent while maintaining its determination to promote fiscal responsibility.
Japan Times
BUSINESS
Sep 26, 2017
Abe trots out tax hike issue again before snap election to boost LDP chances
The controversy over increasing the consumption tax won't be unfamiliar to those who follow modern Japanese politics, as earlier proposals have proven unpopular with voters throughout the postwar years and have even doomed previous administrations.
Japan Times
JAPAN / Politics
Sep 25, 2017
Abe gambles on snap election as Koike surprises with new party
Prime Minister Shinzo Abe confirms he will call a snap election on Thursday and Tokyo Gov. Yuriko Koike launches a new political party to take him on.
Japan Times
JAPAN / Politics
Sep 19, 2017
Abe eyes tax revenue for child-rearing support in election platform
Social security reform is expected to be a key policy for the ruling LDP if Prime Minister Abe calls a snap Lower House election in October.
Japan Times
BUSINESS
Aug 25, 2017
For Japan's economy, now is the time to raise sales tax, tackle debt, says business lobby
Japan's current run of economic growth provides a now-or-never opportunity to tackle the nation's debt and forge ahead with plans to increase the sales tax, said Yoshimitsu Kobayashi, chairman of the Japan Association of Corporate Executives (Keizai Doyukai).
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

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