Jun 14, 2014

Noda says Abe buying into 'voodoo economics'

by William Pesek

Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe’s predecessor steps up and slams the incumbent’s tax plans. However, beneath the bad feelings and twinge of regret, Yoshihiko Noda makes a very timely point when he accuses Abe of buying into ...

Stand firm on 10% sales tax, Noda warns Abe

Jun 11, 2014

Stand firm on 10% sales tax, Noda warns Abe

Prime Minister Shinzo Abe risks triggering market turmoil should he fail to raise the consumption tax to 10 percent next year, his immediate predecessor warned. The government needs to ride out the economic fallout from the first tax increase in April and then lift ...

Abe, LDP agree to cut corporate tax rate from fiscal 2015

Jun 3, 2014

Abe, LDP agree to cut corporate tax rate from fiscal 2015

Prime Minister Shinzo Abe and his ruling Liberal Democratic Party’s tax panel agreed Tuesday to cut Japan’s corporate tax rate from fiscal 2015 on the condition that the government continues efforts to restore the country’s precarious public finances. Earlier in the day, Finance Minister ...

Jun 3, 2014

Abe's Japan reform plan draft shows tough calls deferred

A draft plan to boost Japanese growth promises to overhaul corporate governance, promote technology and attract private investment, but it leaves many of the toughest questions unanswered as the country seeks to claw its way out of a crippling cycle of deflation. The 60-page ...

Jun 2, 2014

Capital spending logs 7.4% first-quarter jump

Capital spending jumped 7.4 percent in the January-March quarter compared with a year ago to log the sharpest rise in nearly two years, as Japan Inc. beefed up investment ahead of the first consumption tax hike in 17 years. Business investment by all nonfinancial ...

GPIF's $200 billion push abroad to boost inflation bid

Jun 2, 2014

GPIF's $200 billion push abroad to boost inflation bid

Prime Minister Shinzo Abe’s inflation drive may get a boost as Nomura Holdings Inc. forecasts as much as $200 billion in foreign asset purchases by Japan’s pension funds will weaken the yen. Nomura predicts a sell-off of local bonds by the $1.3 trillion Government ...

BOJ steps up growth 'rhetoric'

May 31, 2014

BOJ steps up growth 'rhetoric'

Japan’s risk of spurring inflation without boosting the nation’s growth potential is raising the stakes for Prime Minister Shinzo Abe’s next round of economic restructuring measures, due in June. An economy “with low real growth rates under mild inflation” is possible, should the government ...