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July 17, 2024
 

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TAX

BUSINESS / Economy
Oct 13, 2015
Government considers multiple levels in 2017 consumption tax hike
The government is considering introducing a reduced tax rate for some products to ease the burden when it raises the consumption tax rate by 2 percentage points to 10 percent in April 2017, Chief Cabinet Secretary Yoshihide Suga said Tuesday.
Japan Times
BUSINESS / Economy
Oct 13, 2015
Retailers warn of dismal spending; sales tax hike seen stifling demand
Do not believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lackluster consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling.
BUSINESS
Oct 9, 2015
Tax cuts may be axed in bid to spur investment
The government is considering ending tax cuts to reduce burdens for corporate investment in order to enhance productivity at the end of March 2017, sources close to the matter said.
Japan Times
BUSINESS / Economy / YEN FOR LIVING
Sep 26, 2015
Inevitable looming consumption tax hike keeps the LDP awake at night
The LDP is in a tough spot between an public wary of consumption tax hikes and a Finance Ministry unwilling to budge on the promised move to a 10-percent levy.
Japan Times
BUSINESS / Economy
Sep 18, 2015
Consumer spending recovery hampered by pension payment cuts
More than a year after a consumption tax increase tipped Japan into a recession, efforts to clamp down on soaring pension payments are suppressing a recovery in consumer spending.
BUSINESS
Sep 15, 2015
Ruling bloc agrees to keep targeted consumption tax reductions as option
The ruling Liberal Democratic Party and Komeito have agreed to keep a proposed reduced rate for certain items as an option in their discussions on how to cushion the impact of the next consumption tax increase.
BUSINESS
Sep 15, 2015
Komeito wants reduced tax rate proposal kept alive
Japan should not rule out imposing a lower rate of consumption tax on certain goods, the head of Komeito told party lawmakers Tuesday.
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 9, 2015
Abe pledges 2016 corporate tax cut as investment stays sluggish
Prime Minister Shinzo Abe pledged to follow through with a corporate tax cut, a day after government data underscored businesses' reluctance to ramp up domestic investment.
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 / Crime & Legal
Sep 1, 2015
AKB48 management firm revises tax statement on member expenses
AKB48's management company has revised its tax statement after an audit by tax authorities found discrepancies in rent payments for group members and other errors in the three years through November 2014, according to sources.
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
Aug 21, 2015
Tourism agency seeks lower threshold for sales tax-free purchases
The Japan Tourism Agency will seek to expand the scope of consumption tax-free shopping for foreign visitors as part of efforts to spread the economic benefits of a tourism boom throughout the country, officials said Thursday.
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.
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
JAPAN
Jun 10, 2015
Tax agency may narrow definition of 'Japanese sake'
The National Tax Agency is considering defining "Japanese sake" as a home-brewed alcoholic drink made from Japanese-grown rice in order to differentiate it from foreign-brewed sake, according to sources.
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.
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.
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By Tomoko Otake

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