Economy | ANALYSIS
Households to take hit from tax hike
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
The Chicago Blackhawks watched as their championship banner rose to the rafters at the United Center. They took another look at the Stanley Cup, and soaked in the applause from the sellout crowd. Then Johnny Oduya and Co. went out and reminded the rest ...
Police arrested a food stall owner Wednesday over an explosion at a fireworks event in Fukuchiyama, Kyoto Prefecture, on Aug. 15 that killed three people and injured 55 others, including him. Ryohei Watanabe, 38, was arrested by the Kyoto Prefectural Police on suspicion of ...
The Australian Open is increasing its prize money by $2.8 million to bring overall player compensation to $31 million next year. Australian Open organizers did not break down the prize money awarded per round at their launch Wednesday for the tournament Jan. 13-26, but ...
Formula One championship leader Sebastian Vettel is cautious about the prospects of Red Bull continuing its dominance at this weekend’s Korean Grand Prix, saying the layout of the circuit does not suit the car’s strengths. Vettel leads Ferrari’s Fernando Alonso in the drivers’ championship ...
Texas Rangers manager Ron Washington acknowledged Tuesday that right-hander Yu Darvish had physical issues late in the season, but would not reveal what they were. Speaking to the press a day after the Rangers’ 5-2 loss to the Tampa Bay Rays in the AL ...
Women’s ski jumping world champion Sarah Hendrickson, the main rival for Japan’s Olympic gold medal hope Sara Takanashi, said Tuesday she is confident she will be fit enough to jump by mid-January and hopes to make the U.S. Olympic team for Sochi. Hendrickson won ...
David Nalbandian, the 2002 Wimbledon finalist who caused an uproar a decade later by injuring a line judge at another tournament, retired from professional tennis Tuesday because of a shoulder injury. The 31-year-old Argentine player described it as a “difficult day,” but told a ...
New York Yankees general manager Brian Cashman said Tuesday the club has interest in keeping veteran right-hander Hiroki Kuroda. Cashman, however, acknowledged the possibility that Kuroda could retire, play in Japan or even seek a contract from another club in free agency. “Of course ...
Prime Minister Shinzo Abe confirms that the government will raise the sales tax from 5 to 8 percent beginning in April. But will the tax hike lead to an economic downturn
Chief negotiators from the 12 countries thrashing out the Trans-Pacific Partnership worked on last-minute preparations Wednesday before their ministers and leaders gather in Bali, Indonesia, with the aim of reaching a basic agreement on the free trade pact. “We have been able to arrange ...
China plans to join Japan, the United States and Europe in negotiations to liberalize the services trade, according to sources. China, the world’s third-biggest services market, would be the first major emerging economy to join the negotiations. If new trade rules are established among ...
Nintendo said Wednesday it will stop making its basic Wii game console for the Japanese market, but will keep producing it internationally. The move to abandon the venerable machine, which competes with Microsoft’s Xbox 360 and Sony’s PlayStation 3, will allow Nintendo to focus ...