OECD backs second tax hike, more easy money from BOJ

Sep 22, 2014

OECD backs second tax hike, more easy money from BOJ

Japan should raise the consumption tax again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday. The Bank of Japan must do more “beyond 2015″ ...

Sep 17, 2014

Government-labor-management talks to resume, possibly in October

The government will resume its three-way talks with labor and management representatives as early as next month, Prime Minister Shinzo Abe said. “Everyone needs to share the view that a virtuous economic circle will be maintained with employee pay raised on better corporate earnings,” ...

Sep 11, 2014

BOJ adviser Kawai urges Abe to proceed with second tax hike

The Abe administration should proceed with the next consumption tax hike as planned to signal it is serious about reining in the world’s biggest debt burden, an adviser to Bank of Japan Gov. Haruhiko Kuroda said. Annualized growth of 2.5 percent or more this ...

Sep 9, 2014

Abe needs more stimulus to raise sales tax, adviser Itoh says

The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe. ...