Tax hike’s economic impact divides experts

Jun 16, 2012

Tax hike’s economic impact divides experts

Economists and experts remain split over whether raising the consumption tax would help restore the country’s battered public finances or choke future economic growth. The ruling Democratic Party of Japan is hoping to double the 5 percent levy in 2015, in two stages. Raising ...

Jun 9, 2012

Oi reactors’ restart is vital, Noda stresses

Prime Minister Yoshihiko Noda stressed Friday that restarting the Oi nuclear plant in Fukui Prefecture is crucial to meet the nation’s energy needs this summer and to ensure sustainable economic growth in the longer term. “If we end (nuclear power generation) or if we ...

Kosovo leader urges assistance

Jun 8, 2012

Kosovo leader urges assistance

Japan’s investment and skills are crucial to Kosovo’s development, but the country also has much to offer Japanese businesses seeking opportunities in the region, visiting Kosovo Prime Minister Hashim Thaci told The Japan Times in an interview Thursday. “Economic cooperation is the biggest investment ...

May 31, 2012

Noda fails to win over Ozawa on tax hike

Prime Minister Yoshihiko Noda, head of the ruling Democratic Party of Japan, failed Wednesday during a meeting lasting 90 minutes to persuade former DPJ leader Ichiro Ozawa to back the administration’s tax hike proposal. Noda wanted Ozawa, whose group is the biggest in the ...

BOJ maintains rate as eurozone worries grow

May 24, 2012

BOJ maintains rate as eurozone worries grow

The Bank of Japan maintained its zero interest rate policy Wednesday while offering a somber assessment of global financial markets, saying close attention is needed “mainly due to concern about the European debt problem.” “There remains a high degree of uncertainty about the global ...

Areas braced for mass turnout, traffic nightmare

May 23, 2012

Areas braced for mass turnout, traffic nightmare

The thousands of people who flocked Tuesday to Tokyo Skytree on its opening day saw police and municipalities scrambling to handle the throng. Officials had expected a turnout of 200,000 and about 200 police officers were on hand to control traffic and ensure safety ...

May 22, 2012

All seems in limbo until Greek polls

The butterfly effect triggered by Greek voters left its mark on Japan’s economy last week as stocks took their sharpest drop of the year and the yen soared against the dollar amid deepening concern over the eurozone’s debt crisis. The wild ride may not ...

Once one and only, Sony seeks to regain that status

| May 22, 2012

Once one and only, Sony seeks to regain that status

Despite reporting a record ¥457 billion annual loss last year, Sony Corp. earlier this month said it would return to the black in fiscal 2012 with a ¥30 billion profit. The Great East Japan Earthquake, Thai floods and strong yen have all been recent ...

Economic reliance on bases won’t last, trends suggest

May 16, 2012

Economic reliance on bases won’t last, trends suggest

Koza Gate Dori is conveniently situated near one of the entrances to Kadena Air Base in Okinawa, but a visit to the shopping street, where “for rent” signs are common and numerous stores are shuttered, makes it clear that residents aren’t profiting much from ...