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July 17, 2024
 

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TAX

Japan Times
JAPAN / EXPLAINER
Jul 21, 2014
Selective consumption tax weighed
It's only been three months since the consumption tax was hiked to 8 percent, but the ruling coalition is already expediting talks on another increase scheduled to come into effect in October next year.
BUSINESS / Economy
Jul 20, 2014
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
BUSINESS / Economy
Jul 17, 2014
Abe seen needing 2% growth this quarter to hike sales tax again
Economic growth of 2 percent this quarter will be enough to allow Prime Minister Shinzo Abe to proceed next year with an increase in the consumption tax to 10 percent, a Bloomberg survey shows.
BUSINESS / Economy
Jul 11, 2014
Third-quarter growth may pave way for second stage of tax hike
The economy is likely to grow between July and September at a pace consistent with plans to complete the doubling of the consumption tax to 10 percent in October 2015, a government-affiliated nonprofit group said in a survey.
BUSINESS / Economy
Jul 10, 2014
Energy costs push wholesale prices up 4.6% in June
Wholesale prices climbed 4.6 percent in June from a year earlier, largely due to higher energy costs, the Bank of Japan said Thursday.
Japan Times
BUSINESS / Economy
Jul 10, 2014
May machinery orders plunge a record 19.5%
Japan's core private-sector machinery orders plunged by a record 19.5 percent in May, the government said Thursday, indicating the first consumption tax hike in 17 years on April 1 is affecting the economic outlook by discouraging companies from beefing up investment.
BUSINESS / Economy
Jul 7, 2014
Tax hike blurs economic outlook as indicators dip
An index of indicators used to predict future economic conditions fell in May for the fourth straight month May, with the first consumption tax hike in 17 years denting optimism, the government said Monday.
EDITORIALS
Jul 7, 2014
Getting multiple tax rates to fly
The ruling coalition parties are trying to decide whether to introduce a reduced consumption tax on some daily necessities when the current 8 percent rate rises to 10 percent in October 2015.
BUSINESS / Economy
Jul 7, 2014
BOJ sanguine on state of regional economies
The Bank of Japan said in a quarterly report Monday that the nation's nine regional economies are still robust despite downward pressure from the April 1 consumption tax hike.
JAPAN
Jun 28, 2014
Japanese spending might recover in September: World Bank chief
The head of the World Bank expects Japanese consumer spending to start recovering from the drop caused by the first stage of the consumption tax hike sometime around September, and voiced support for an investment bank for Asia as proposed by China.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Salarymen get a bit more to spend
Japanese wives are raising their husbands' allowances, but only enough to offset the April 1 tax hike as wages continue to languish.
BUSINESS / Economy
Jun 27, 2014
Tax small firms more to offset corporate rate cut, panel says
The Tax Commission says small and midsize firms should pay more taxes to offset the loss in revenue from Prime Minister Shinzo Abe's promised corporate tax cut, it said in its reform plan Friday.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Prices climb most in 32 years as wages limp along
Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited.
BUSINESS
Jun 25, 2014
Government won't set ceiling on fiscal 2015 budget requests
The government will not set a ceiling for budget requests for fiscal 2015, as a decision on whether to increase the consumption tax rate to 10 percent will not be made until the end of this year, a source said Tuesday.
EDITORIALS
Jun 24, 2014
Funding the corporate tax cut
The Abe administration's decision to cut corporate taxes as a key feature of its economic growth strategy doesn't indicate how a fiscally weak government will make up the lost tax revenue even as households face another consumption tax hike next year.
Japan Times
BUSINESS / Economy
Jun 21, 2014
Will lower business tax aid economy?
The government's decision to cut the high corporate tax rate may trigger unwelcome side effects along with bolstering foreign investment in Japan.
BUSINESS / Companies
Jun 20, 2014
Shiseido charged tax penalties in Japan for allegedly keeping profits in U.S.
Shiseido Co. is under fire from tax authorities for allegedly failing to report ¥3.8 billion in income for a five-year period through March 2012 by pooling profits at a U.S. subsidiary, sources said.
BUSINESS / Economy
Jun 14, 2014
Noda says Abe buying into 'voodoo economics'
Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe's predecessor steps up and slams the incumbent's tax plans.
Japan Times
BUSINESS / Economy
Jun 13, 2014
Abe to cut business tax but mum on how
Prime Minister Shinzo Abe pledged Friday to reduce the 35 percent corporate tax rate to under 30 percent in the next few years in an attempt to boost foreign investment and bolster the economy.
BUSINESS / Economy
Jun 12, 2014
Machinery orders drop 9.1% in April after sales tax hike
Core private-sector machinery orders plunged a seasonally adjusted 9.1 percent in April compared with the previous month, with the first consumption tax hike in 17 years blurring the economic outlook, the government said Thursday.
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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