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July 17, 2024
 

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TAX

JAPAN / Politics
Nov 11, 2014
Despite denial, don't be surprised if Abe calls snap election
The possibility that the prime minister will dissolve the Lower House is gaining credence, especially if he decides not to raise the consumption tax again.
Japan Times
JAPAN / Politics
Nov 10, 2014
Abe denies plan to delay tax hike, dissolve Lower House
Prime Minister Shinzo Abe claims he has no plans to dissolve the Lower House, brushing aside speculation that he may gamble on a snap election if he decides against raising the consumption tax again next year.
BUSINESS
Nov 7, 2014
Companies fail to declare ¥751.5 billion in taxable earnings, agency says
Around 66,000 companies in Japan failed to report a total of ¥751.5 billion in taxable income during the 12 months through June 2014, according to the National Tax Agency.
BUSINESS
Nov 6, 2014
Abe team mulls spousal tax break to encourage women to work more hours
The Abe administration is thinking about introducing a new income tax deduction for breadwinners regardless of spousal income, sources said.
Japan Times
BUSINESS / Economy
Nov 5, 2014
Panel is split on wisdom of hiking consumption tax to 10%
Opinion was divided at the first meeting of experts tasked with considering whether the government should hike the consumption tax again despite a wobbly economic recovery.
EDITORIALS
Nov 5, 2014
To hike the consumption tax, or not
Prime Minister Shinzo Abe must address concerns about the economy's health before he makes a decision on whether to raise the consumption tax.
Japan Times
BUSINESS / YEN FOR LIVING
Nov 4, 2014
The case for a higher consumption tax
If there has to be a tax, the consumption tax may be the fairest.
EDITORIALS
Nov 1, 2014
Spirit of giving to hometowns
The Abe administration plans to expand the system in which taxpayers contribute money to local governments of their choice — ideally their own hometowns — in return for tax reductions in the places where they currently live.
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.
BUSINESS
Oct 20, 2014
Business execs fret over fallout from political turbulence
Business leaders voiced concern Monday about political stability after Prime Minister Shinzo Abe's new trade and justice ministers stepped down within hours of each other over separate scandals.
Japan Times
JAPAN / EXPLAINER
Oct 20, 2014
Hometown 'tax' donations system catching on
Japanese may not be known as the most charity-minded people but if there is one charitable activity that has proved a hit in this country, it's the 'furusato nozei' (hometown tax).
COMMENTARY / Japan / SENTAKU MAGAZINE
Oct 19, 2014
Abe's inner circle sprouting horns over next tax bump
A major battle appears to be brewing between the office of Prime Minister Shinzo Abe and the Finance Ministry — the most powerful bureaucracy in Japan — over whether to raise the consumption tax from the current 8 percent to 10 percent next fall.
Japan Times
COMMUNITY / Our Lives / WORDS TO LIVE BY
Oct 17, 2014
How to keep it in the right family
Mitsuo Tsuchida, 65, is a bilingual tax accountant and the founder of Tsuchida & Associates in Tokyo. He and his team help people of various nationalities file Japanese and U.S. tax returns, regardless of which country they may live in. As an enrolled agent of the IRS, he has the privilege and right...
BUSINESS / Economy
Oct 16, 2014
U.S. Treasury report calls out 'Abenomics' for failings on reform, demand
Japan should undertake structural economic reforms that will lead to a recovery driven by private demand, the U.S. Treasury Department said in its semiannual Report to Congress on International Economic and Exchange Rate Policies.
BUSINESS / Economy
Oct 6, 2014
Abe to start hearing from experts in mid-November on tax hike
The Abe administration will call for opinions from experts on the economy in mid-November before deciding whether to raise the consumption tax rate to 10 percent in October 2015 as planned, Chief Cabinet Secretary Yoshihide Suga said Monday.
BUSINESS / Companies
Oct 4, 2014
Aeon's first-half net profit dives 91% after sales tax hike
Aeon Co. reported that net profit plunged 91.4 percent to ¥2.02 billion in the first half of the business year as weak consumer spending after the April consumption tax hike hurt the giant retailer's mainstay supermarket business.
JAPAN / Politics
Oct 3, 2014
Abe repeats vows on wage growth efforts as inflation leaves salaries behind
Prime Minister Shinzo Abe on Friday talked up measures to promote wage growth, as his Cabinet and the Bank of Japan continue to stoke inflation that's eating steadily into consumers' buying power.
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 / Crime & Legal
Oct 3, 2014
Bad horse-racing bets ruled as tax deductible expenses in civil case
An Osaka horse bettor wins a civil tax case after a court rules that his losses from losing bets should be counted as deductable expenses under tax rules.
Japan Times
BUSINESS / Economy
Oct 2, 2014
Bad weather may have slashed economic growth in July-September
Bad weather this summer, including successive typhoons, may have pushed economic growth down by 0.8 percentage point to 2.4 points in annualized real terms in the July-September quarter, the government said.
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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Japan’s summer music festivals are feeling the heat in more ways than one

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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