Aug 5, 2014

Tax deductions for 'hometown donations' to be simplified

The Abe administration plans to simplify procedures for income and residential tax deductions for donations to municipalities of the taxpayer’s choice, Chief Cabinet Secretary Yoshihide Suga said. “We (want to) simplify the procedures as we hear people say the procedures are difficult,” Suga said ...

Aug 1, 2014

Japan must hike sales tax again to conquer debt, IMF says

Japan must raise its sales tax again to conquer one of the world’s heaviest public debt burdens, the International Monetary Fund said on Thursday, as it called for deep economic reforms. The recommendations, outlined in the Washington-based fund’s annual country report, come four months ...

Jul 31, 2014

IMF's Japan report sees yen at fair value but warns on reforms

The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed “as broadly consistent with medium-term fundamentals,” the Washington-based lender said in its annual assessment of the Japanese ...

Jul 30, 2014

IMF examines risks that could lead to sharp cut in Japan's growth

The International Monetary Fund has presented a worst-case combination of risks that could shave Japan’s real gross domestic product growth by as much as 4 percentage points. The economy would contract if the country simultaneously faces sluggish wage growth, a firmer yen, stock price ...

Jul 30, 2014

Japan's output drops most since 2011 as consumers spend less

Industrial output fell the most since the March 2011 disasters, government data showed Wednesday, highlighting the widening impact to the economy of the April 1 consumption tax increase. Industrial output dropped 3.3 percent in June from May, the Ministry of Economy, Trade and Industry ...

Abe top globetrotter in Japan-is-back blitz

Jul 29, 2014

Abe top globetrotter in Japan-is-back blitz

If it’s Monday, it must be Trinidad and Tobago. That’s what Prime Minister Shinzo Abe could have said as he woke up Monday in Port of Spain, the Caribbean country’s capital. By Monday next week Abe will have visited 47 nations since taking office ...

Jul 25, 2014

Cabinet OKs guidelines for fiscal 2015 budget

Prime Minister Shinzo Abe’s Cabinet on Friday approved guidelines for compiling the fiscal 2015 budget and said it aimed to improve the economy and restore Japan’s fiscal health — the worst among the major industrialized countries. An estimate released earlier in the day, however, ...

Jul 24, 2014

UNDP hails Abe's drive for women

Efforts to raise Japan's dismal female presence in the workforce should generate significant economic gains, the head of the U.N. Development Program says.