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July 16, 2024
 

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CONSUMPTION

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
Japan Times
BUSINESS / Economy
Jul 31, 2014
June wages in Japan rose less than forecast in risk to spending
Wage growth slowed in June, highlighting the risk to consumer spending as inflation squeezes household budgets.
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.
BUSINESS / Economy
Jul 22, 2014
Fiscal '14 growth forecast cut to 1.2%
The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on domestic demand.
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.
BUSINESS / Economy
Jul 20, 2014
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
BUSINESS / Economy
Jul 17, 2014
Abe seen needing 2% growth this quarter to hike sales tax again
Economic growth of 2 percent this quarter will be enough to allow Prime Minister Shinzo Abe to proceed next year with an increase in the consumption tax to 10 percent, a Bloomberg survey shows.
BUSINESS / Economy
Jul 11, 2014
Third-quarter growth may pave way for second stage of tax hike
The economy is likely to grow between July and September at a pace consistent with plans to complete the doubling of the consumption tax to 10 percent in October 2015, a government-affiliated nonprofit group said in a survey.
BUSINESS / Economy
Jul 10, 2014
Energy costs push wholesale prices up 4.6% in June
Wholesale prices climbed 4.6 percent in June from a year earlier, largely due to higher energy costs, the Bank of Japan said Thursday.
Japan Times
BUSINESS / Economy
Jul 10, 2014
May machinery orders plunge a record 19.5%
Japan's core private-sector machinery orders plunged by a record 19.5 percent in May, the government said Thursday, indicating the first consumption tax hike in 17 years on April 1 is affecting the economic outlook by discouraging companies from beefing up investment.
BUSINESS / Economy
Jul 7, 2014
Tax hike blurs economic outlook as indicators dip
An index of indicators used to predict future economic conditions fell in May for the fourth straight month May, with the first consumption tax hike in 17 years denting optimism, the government said Monday.
EDITORIALS
Jul 7, 2014
Getting multiple tax rates to fly
The ruling coalition parties are trying to decide whether to introduce a reduced consumption tax on some daily necessities when the current 8 percent rate rises to 10 percent in October 2015.
BUSINESS / Economy
Jul 7, 2014
BOJ sanguine on state of regional economies
The Bank of Japan said in a quarterly report Monday that the nation's nine regional economies are still robust despite downward pressure from the April 1 consumption tax hike.
JAPAN
Jun 28, 2014
Japanese spending might recover in September: World Bank chief
The head of the World Bank expects Japanese consumer spending to start recovering from the drop caused by the first stage of the consumption tax hike sometime around September, and voiced support for an investment bank for Asia as proposed by China.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Salarymen get a bit more to spend
Japanese wives are raising their husbands' allowances, but only enough to offset the April 1 tax hike as wages continue to languish.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Prices climb most in 32 years as wages limp along
Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited.
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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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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