Tag - consumption

 
 

CONSUMPTION

Prime Minister Shigeru Ishiba gives instructions to Economic Revitalization Minister Ryosei Akazawa (third from left) and others at the Prime Minister's Office on Friday.
BUSINESS / Economy
Apr 11, 2025
Japan braces for talks on yen and BOJ in trade negotiations with U.S.
Ryosei Akazawa, who is heading the task force, is reportedly set to meet U.S. Treasury Secretary Scott Bessent next week.
Leaders of ruling and opposition political parties meet Friday at the Diet building in Tokyo.
JAPAN / Politics
Apr 6, 2025
Calls for consumption tax cut increasing in Japan
With food and other prices still rising, even ruling party officials have started to demand consumption tax cuts as a key policy for this summer's elections.
The Tokyo Regional Taxation Bureau found the tax nonpayment after asking information, such as a list of companies, from the tax authorities of Singapore based on the Japan-Singapore tax treaty and analyzing the collected data.
JAPAN
Feb 18, 2025
Tokyo tax bureau seizes ¥1.8 billion from Hong Kong game firm over unpaid tax
The company, which operated its Mafia City online game via a platform based in Singapore, failed to pay consumption tax associated with revenue from in-game spending.
The Ginza shopping district in Tokyo in August
JAPAN
Nov 28, 2024
Japan to overhaul tax exemption system for foreign visitors
The new system is expected to allow foreign visitors to receive tax refunds for products purchased at prices with the tax included when they leave the country.
Prime Minister Fumio Kishida at the Liberal Democratic Party headquarters on Tuesday in Tokyo
BUSINESS / Economy / FOCUS
Oct 12, 2023
Why are ruling party lawmakers calling for tax cuts?
As the prime minister prepares for a new economic stimulus package, it's members of his own party who are raising a fuss.
JAPAN
Jan 6, 2023
Japan set to outline new measures to promote child rearing in March
Kishida aims to double the government's budget earmarked for addressing child rearing issues in the country as declining birthrates continue to beleaguer Japanese society.
JAPAN / Politics / FOCUS
Jul 3, 2022
Japan's opposition parties target consumption tax as debate heats up
As prices soar ahead of the July 10 Upper House election, all major opposition parties are calling for cutting or abolishing the tax, while the ruling bloc is vowing to maintain it.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Apr 3, 2022
Japan Times 1972: Paper tells story behind secrets leak
A British royal visits Japan in a flurry of celebration in 1922, while 50 years ago the Japanese press followed a story involving the Mainichi newspaper and press freedom.
Japan Times
BUSINESS / Economy
Oct 8, 2021
New Japanese finance chief faces dilemma: Spend more or repair fiscal health
Finance Minister Shunichi Suzuki will be forced to balance Kishida's spending plans with the nation's poor fiscal health.
JAPAN
Sep 5, 2020
Suga signals his focus as PM would be on protecting jobs, but rules out sales tax cut
Chief Cabinet Secretary Yoshihide Suga said on Saturday the next prime minister must continue to protect companies and jobs, mainly through payouts and loans, to cushion the economic blow from the coronavirus pandemic.
Japan Times
BUSINESS
Aug 7, 2020
Japanese lawmaker wants sales tax ditched as coronavirus weighs heavily on economy
Hiroshi Ando said the raising of the sales tax rate to 10 percent last October was a mistake because the economy was already in a downturn.
BUSINESS
Mar 21, 2020
Tax agency bureaus in Japan on high alert for rise in consumption tax fraud
Tax authorities are preparing to act against a possible increase in abuses of a rule that exempts export transactions from sales levies following October's consumption tax hike from 8 percent to 10 percent.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.