Mayumi Otsuma

For Mayumi Otsuma's latest contributions to The Japan Times, see below:

Tax-free gifts unlocking retiree savings

Nov 28, 2013

Tax-free gifts unlocking retiree savings

Shoko Iwasaki looked for years for a tax-free way to pass down a lifetime of savings to her grandson. Prime Minister Shinzo Abe has offered the 71-year-old an answer with a program now helping unlock pensioners’ hoarded wealth. “I’m so grateful for this tax ...

Jul 12, 2013

'Abenomics' dark side: hinterland pay cuts

Prime Minister Shinzo Abe’s cuts to local-government subsidies are like trying to “wring water from an old rag that’s been squeezed dry,” says Kazuya Yoshida, a 27-year municipal employee in Shijonawate, Osaka Prefecture. Abe pared payments to regional authorities by ¥392 billion, or 2.3 ...

Aso takes reins of shrinking economy with fiscal gusto

Dec 28, 2012

Aso takes reins of shrinking economy with fiscal gusto

Taro Aso, son of a cement magnate and a champion of pork-barrel spending when prime minister, is Japan’s sixth finance chief in three years, auguring expanded fiscal stimulus in the world’s third-largest economy. Aso, 72, will also serve as deputy prime minister and financial ...

Nov 17, 2012

Election may curtail stimulus even as recession looms

Prime Minister Yoshihiko Noda’s decision to call an election in December may inhibit the government’s ability to stimulate the economy even as it slides toward its third recession in four years. Compiling an extra budget soon will be “difficult” as lawmakers can’t debate spending ...

Kaieda: foreign cash buys 'effective'

Oct 27, 2010

Kaieda: foreign cash buys 'effective'

The Bank of Japan may want to consider buying foreign currency assets to help ease the yen’s appreciation, economic and fiscal policy minister Banri Kaieda said. “Such purchases can be an option for the central bank over the medium to long term,” Kaieda said ...

Oct 1, 2010

Yen's impact may spur more BOJ support

Evidence in the Bank of Japan’s “tankan” survey that companies are growing more pessimistic may prompt the central bank to expand support as soon as next week for businesses grappling with the yen’s advance. The BOJ is likely to increase its ¥30 trillion credit ...

BOJ to Hatoyama: rein in debt

Feb 20, 2010

BOJ to Hatoyama: rein in debt

Bank of Japan Gov. Masaaki Shirakawa escalated pressure on Prime Minister Yukio Hatoyama to contain the world’s largest debt with a warning that investor “trust” won’t be assured in the aftermath of Greece’s budget woes. “It’s important to gain the trust of financial markets ...

Aug 7, 2009

BOJ said to see deflation stretching through 2011

The Bank of Japan will probably forecast that declines in consumer prices will extend into 2011 even as the economy recovers, sources said. The estimate would be included in policymakers’ first economic projections for the financial year ending in March 2012, scheduled for release ...

Mar 7, 2009

BOJ may have to buy more debt: Yamaguchi

The Bank of Japan may need to expand its purchases of corporate debt to prevent a credit shortage from worsening the recession, BOJ Deputy Gov. Hirohide Yamaguchi said. “We can’t deny corporate financing will become even more difficult” toward the fiscal yearend on March ...

BOJ urged to tackle credit crunch more aggressively

Dec 10, 2008

BOJ urged to tackle credit crunch more aggressively

Bank of Japan Gov. Masaaki Shirakawa may be forced to adopt more aggressive measures to ease the credit shortage bedeviling companies, economists say. The BOJ may have to augment last week’s decision to accept lower-grade corporate debt as collateral for loans to commercial banks ...