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July 17, 2024
 

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CONSUMPTION

BUSINESS
Sep 15, 2015
Proposed food-and-drink partial tax refunds may bring little benefit, economists say
Proposed tax refunds on food and drink following a hike in consumption tax next year will have only limited benefit for the economy, some analysts have warned. By one estimate, the refunds will boost gross domestic product growth by a mere 0.03 percentage point.
BUSINESS / Economy
Sep 9, 2015
Plan to use My Number for tax rebates is flawed, some experts say
The system is set to streamline tax collection and social welfare benefits, but critics warn of privacy issues by using it to also provide sales tax rebates.
BUSINESS / Economy
Sep 8, 2015
Economy shrank 1.2% in second quarter as weak consumption, exports hit GDP
The economy shrank an annualized 1.2 percent in the second quarter of 2015 in inflation-adjusted terms, revised upward from preliminary data but confirming the first decline in three quarters amid weak consumption and exports, government data showed Tuesday.
BUSINESS
Sep 5, 2015
Refunds on all food considered to ease '17 tax hike
The feasibility of a 2-point consumption tax refund is eyed for “all kinds of food and beverages except for alcoholic drinks” when levy is raised to 10 percent.
Japan Times
BUSINESS / Economy / FOCUS
Aug 31, 2015
Three strikes on inflation spur calls for overhaul of 'Abenomics'
The third time inflation has fallen to zero in this year persuaded some market watchers that "Abenomics" needs to be taken back for an overhaul.
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.
Japan Times
BUSINESS / Economy / ANALYSIS
May 29, 2015
Spending slump casts doubt on Bank of Japan optimism
Household spending slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank's view that a steady economic recovery will help move inflation toward its ambitious 2 percent target.
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.
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.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
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.
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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