Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
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CLOUDS AND SUN
Gregory Clark has been around a long time (born 1936) and has done a lot of things. As a result, he likes to comment on foreign affairs, economic policies and education plus events in China, Russia, Japan and Latin America (he speaks all four languages).
For Gregory Clark's latest contributions to The Japan Times, see below:
Outside intervention in Syria should go even further and seek to separate the warring factions.
Australians used to call themselves "the lucky country," but today's mineral wealth seems to have created a nation prone to flip-flop foreign policies and crazy economic strategies.
Efforts by the NSA and others to find out what we are thinking have long been matched by black- or gray-information programs to tell us what we should think.
The good news is that the Japanese economy and stocks are recovering. The bad news is that austerity hawks still view "Abenomics" as a mere flash in the pan.
Demonists never sleep. They concoct fantasies almost daily over a North Korea that almost certainly only wants to protect itself from the threat of U.S. attack.
Japan, now in severe dispute with every one of its neighbors, probably would resolve most of them if it could be persuaded to restrain its nationalists.
It will be hard finding a replacement for the late Dr. Mineo Nakajima, who oversaw the development of a prestigious university in Akita Prefecture.
With Japan’s stock market surging even before Prime Minister Shinzo Abe unveiled his plans for economic stimulus, we would have expected the usual anti-stimulus critics to be silent, at least for a while. But no. Already we hear the usual complaints — more printing ...
Education minister Makiko Tanaka has apologized for trying to cancel approvals given by her ministry bureaucrats for three institutions seeking to operate as fully fledged four-year universities providing undergraduate degrees. But should she have apologized? There is a crisis in Japanese tertiary education. Student ...
The Obon festival celebrated on Aug. 15 in many parts of Japan marks the alleged release of ghosts from past mythical sufferings. The Aug. 15 anniversary of Japan’s 1945 defeat also gives Japan’s dwindling band of progressive TV program producers freedom to confront the ...
Do Europe’s budget-cutting austerity-minded planners understand simple math? They say they have to embrace austerity policies to reduce excessive national debt. But those policies inevitably cut tax revenues more than they cut spending. National debt increases rather than decreases. Worse, recovery from the economic ...
Media reports say Japan’s education bureaucrats are considering allowing students with “stellar” academic records to graduate from high school before they turn 18. In other words, the required three-year stint at high school might be cut to two. In most countries, allowing university entry ...