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August 15, 2024
 

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TAX

Japan Times
BUSINESS / Economy
Oct 15, 2020
LDP tax chief sees room to tweak ‘terrifying’ inheritance tax for foreign nationals
A local media report earlier Wednesday said the government was considering reducing the inheritance tax for some foreign nationals starting April.
Japan Times
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.
Japan Times
COMMENTARY
Jul 1, 2020
Digital taxes are the latest trade war battleground
A failure to act collectively will produce another global patchwork of tax rules, which is bad for business, governments and consumers.
Japan Times
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.
Japan Times
BUSINESS / Economy / ANALYSIS
Mar 18, 2020
To aid virus-hit Japan economy, look after firms and jobs first, say experts
With the novel coronavirus shaking up the global economy, the Japanese government is scrambling for countermeasures to cushion the economic fallout.
Japan Times
BUSINESS
Mar 17, 2020
Business mood in Japan plunges to decade lows on coronavirus woes
Business confidence plunged to decade lows in March as the spreading coronavirus outbreak stoked fears of a global recession and sent stock markets tumbling, according to the Reuters Tankan survey.
Japan Times
BUSINESS / Economy
Mar 17, 2020
Tax cut emerging as option in Japan to combat coronavirus impact
The government will consider various measures, including tax cuts, to deal with deepening financial damage from the coronavirus outbreak, economy minister Yasutoshi Nishimura said Tuesday amid growing debate on the possibility of cutting the consumption tax.
Japan Times
BUSINESS / Economy
Mar 15, 2020
Japanese Cabinet minister says virus may be worse for economy than 2008 financial crisis
The effect of the new coronavirus on the economy could be worse than the 2008 financial crisis, economic revitalization minister Yasutoshi Nishimura said.
Japan Times
BUSINESS / Economy
Feb 25, 2020
History repeats as consumption tax hike pushes Japan toward recession
Housewife Matsuko Mitsui had been meaning to buy a new air conditioner for years, but it took the looming consumption tax hike in October to spur the 64-year-old to finally make the purchase.
Japan Times
COMMENTARY / Japan
Feb 18, 2020
Take COVID-19, add a trade war and raise taxes: A recipe for disaster
Japan is facing a trifecta of challenges with severe economic consequences.
Japan Times
BUSINESS / Economy / FOCUS
Feb 18, 2020
Fear grows that coronavirus will push Japan into recession
With Japan taking a hit from the unabated outbreak of the coronavirus soon after a plunge in its economic performance in the last quarter of 2019, some fear the country may be on the brink of recession.
Japan Times
BUSINESS / Economy
Feb 17, 2020
Japan recession fears grow as GDP shrinks at 6.3% rate with COVID-19 hit to come
The contraction in the annualized gross domestic product for October-December was the worst in five quarters.
Japan Times
BUSINESS / Economy
Feb 14, 2020
Even before COVID-19, Japan economy likely took biggest hit since 2014
Economists estimate the economy shrank at an annualized rate of 3.8 percent in the third quarter and that the virus will likely push Japan into recession.
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.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Sociologist Gracia Liu-Farrer argues that even though immigration doesn't figure into Japan's autobiography, it is more of a self-perception than a reality.
In search of the ‘Japanese dream’
By Thu-Huong Ha

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