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November 25, 2024
 

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SALES TAX

BUSINESS / Economy
Nov 8, 2018
Japan leaves no stone unturned as it prepares to cushion blow from Abe's 2019 sales tax hike to 10%
With Prime Minister Shinzo Abe determined to increase the sales tax next year, the government is testing public reaction to a string of potential measures to ensure people keep spending.
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 / Politics
Oct 19, 2017
Japan Inc. wants ruling bloc to prevail in election win but with smaller majority: poll
Japanese companies overwhelmingly want Prime Minister Shinzo Abe's ruling coalition to stay in power in this Sunday's national election but about two-thirds want it to lose seats, a Reuters poll found.
BUSINESS / Economy
Mar 7, 2016
BOJ's Kuroda says impact of next sales tax hike to be less than in 2014
Bank of Japan Gov. Haruhiko Kuroda said Monday that the impact of a sales tax increase scheduled for April 2017 would be much less than that which resulted from the hike in 2014 — sending Japan into a recession.
BUSINESS
Jan 4, 2016
New tax system won't ease burden for car owners, says head of automakers' lobby group
Car owners in Japan have been shouldering unfair levies and a new tax to replace the current car acquisition tax next year will not ease the burden, said Fumihiko Ike, chairman of the nation's biggest automakers' lobby group.
Japan Times
BUSINESS / Economy
Jul 8, 2015
Abe aide says ¥2.5 trillion may be needed to offset next tax hike
It could be difficult for the Bank of Japan to taper its record monetary stimulus before a planned sales-tax hike in 2017, and the government may need to compile a ¥2.5 trillion economic package to cushion the blow to households, an adviser to the prime minister said Tuesday.
Japan Times
BUSINESS
Dec 22, 2014
Sales tax hike stymies domestic car sales: JAMA
Major Japanese carmakers may have benefited from the yen's sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday.
Japan Times
JAPAN / Politics
Nov 21, 2014
Abe dissolves Lower House for snap election
Prime Minister Shinzo Abe dissolves the Lower House to pave the way for his Dec. 14 snap election, asking voters to cast judgment on his sputtering 'Abenomics' program.
Japan Times
BUSINESS / Economy
Oct 26, 2014
As Abe's political ratings fade, top official calls for delay in next sales tax hike
A top government official said Prime Minister Shinzo Abe should delay a planned consumption tax increase, the strongest sign yet that economic weakness is causing concern among those close to Abe ahead of his final decision on the levy.
Japan Times
BUSINESS / Economy
Oct 3, 2014
BOJ struggling to meet inflation deadline, former vice governor says
The Bank of Japan may need more time to achieve its 2 percent inflation target and the country can't ignore harm caused by an abrupt weakening of the yen, said Toshiro Muto, a two-time contender to lead the central bank.
Japan Times
JAPAN
Sep 4, 2014
First lady Akie Abe speaks out ahead of consumption tax decision
First Lady Akie Abe said Thursday her husband's administration should consider cutting wasteful spending and boosting the economy before going ahead with a rise in the consumption tax to 10 percent.
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 13, 2014
Japan's GDP set to fall sharply; stimulus expectations may surge
Japan's economy likely shrank sharply in the second quarter, which would be bad news for Prime Minister Shinzo Abe's growth policies, but it could raise market expectations of further stimulus.
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A Moka Railway train car
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Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
Japan to aid introduction of multilingual ride-hailing apps
A Nihon Kotsu Co. taxi departs one of the company's service offices in Tokyo.
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A 7-Eleven convenience store in Tokyo
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Shohei Ohtani wins National League MVP award
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