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July 17, 2024
 

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TAX

BUSINESS
Jan 17, 2014
Firms' tax hike limits face scrutiny
The government said Friday it has started sending inspectors to more than 260 companies suspected of not allowing smaller wholesalers or subcontractors to pass on cost increases stemming from the consumption tax hike in April.
BUSINESS / Economy
Jan 12, 2014
New round of stimulus to cushion second tax hike in 2015: Amari
Another round of economic stimulus replete with lush fiscal spending will be set up when the government decides to complete the doubling of the consumption tax to 10 percent in 2015, economic and fiscal policy minister Akira Amari confirmed Sunday.
EDITORIALS
Jan 8, 2014
Shaky foundation for recovery
The Japanese economy appears to be on the recovery path for now, thanks to the policy of the Abe administration, but the effects from the consumption tax rise, beginning in April, and the extra financial burden that households can expect under the fiscal 2014 draft budget do not place the recovery on a solid foundation.
EDITORIALS
Jan 8, 2014
Fee hike should boost medical care
Revenue from the average 0.1 percent increase in medical fees for the 2014 draft budget is expected to be used mainly to improve emergency medicine and pediatric and obstetrical treatment — fields where quality care has declined in some localities because of shortages of physicians.
BUSINESS
Jan 8, 2014
Sales tax hike won't up Muji prices
Ryohin Keikaku Co., the operator of Muji household goods stores, is planning to keep prices unchanged when the consumption tax is raised to 8 percent in April.
BUSINESS / Economy
Jan 6, 2014
Arrival of 'bad inflation' trend bodes ill for Japan's rebound
Price increases are prompting Japanese shoppers to buy less mayonnaise, showing the fragility of any economic rebound unless wages keep up with living costs.
BUSINESS / Economy
Dec 27, 2013
Housing starts hit highest since '06
Housing starts nationwide rose 14.1 percent in November from a year earlier to 91,475 units, the highest level since 2006 for the month, the government said.
Japan Times
JAPAN / YEAR IN REVIEW 2013
Dec 25, 2013
A look back at the year's top 10 Japan news stories
Japan Times editors selected the following domestic stories as the most important in 2013.
BUSINESS / Economy
Dec 24, 2013
Cabinet OKs higher household taxes but gives businesses a break
Prime Minister Shinzo Abe's Cabinet on Tuesday approved tax policy changes for fiscal 2014, imposing higher taxes on households despite a planned sales tax hike, while giving benefits to companies to shore up the economy.
BUSINESS / Economy
Dec 21, 2013
Economy forecast to grow 1.4% and CPI to rise 1.2% in fiscal 2014, excluding tax hike impact: government
The economy will grow 1.4 percent in fiscal 2014 on the back of healthy domestic demand amid inflation of 1.2 percent, excluding the effects of the consumption tax hike in April, the government forecast Saturday.
EDITORIALS
Dec 17, 2013
Heavy tax hit on households
Japan's tax guidelines for fiscal 2014 again reflect the Abe administration's apparent emphasis on providing economic benefits to corporations at the expense of households.
EDITORIALS
Dec 13, 2013
Abe's stimulus only a short-term fix
The Abe administration's latest stimulus package has the central government spending more than it is due to receive in revenue from the fiscal 2014 tax hike, showing that the Japanese economy has yet to enter a self-sustaining cycle built on private-sector demand and investment.
Japan Times
BUSINESS
Dec 13, 2013
JR firms apply for fare increases for April sales tax hike
Six Japan Railway group passenger railroads have applied with the government for hikes in fares to reflect a hike in the 5 percent consumption tax to 8 percent in April.
BUSINESS / Economy
Dec 12, 2013
Ruling bloc approves tax reform plan for '14
To stave off some of the negative impacts of the expected consumption tax hike to 10 percent in October 2015, the Liberal Democratic Party-New Komeito ruling bloc says the levy should be reduced on certain daily necessities.
BUSINESS / Economy
Dec 12, 2013
¥5.5 trillion extra 2013 budget for stimulus OK'd
Prime Minister Shinzo Abe's Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring's consumption tax hike.
BUSINESS
Dec 10, 2013
High-income earners face tax hike
The administration and ruling bloc are in the final stages of talks to raise the income tax in 2017 on corporate employees who make more than ¥10 million a year, sources said Tuesday.
BUSINESS
Dec 9, 2013
Ruling bloc set to hike taxes on high earners
The Liberal Democratic Party-led government is in final talks to raise tax payments for employees who earn more than ¥12 million a year, by trimming tax credits.
BUSINESS
Dec 5, 2013
Minicar owners will face tax hike
The government plans to raise the tax on owning minicars with engine displacement of up to 600cc from ¥7,200 a year now to over ¥10,000, sources said Thursday.
BUSINESS / Economy
Dec 4, 2013
Stimulus package to ease tax hike impact to be worth ¥18.6 trillion
Japan's economic stimulus package to ease the potential negative impact of next April's sales tax hike will be worth around u00a518.6 trillion, with fresh central government spending totaling u00a55.5 trillion.
BUSINESS / Economy
Dec 2, 2013
Tohoku reconstruction tax surcharge on firms to end year early but added levy on incomes to stay
The ruling bloc agrees to end the special corporate tax surcharge levied to finance the reconstruction of the disaster-hit Tohoku region one year early but will keep the levy added to personal income taxes for 25 years.
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.

Podcast

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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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