Oct 31, 2014

Tepid data may spur Abe into further stimulus as economy sputters

Economic data released Friday signaled that the economy is still in the doldrums following the first stage of the doubling of the consumption tax on April 1, raising doubts about whether the Abe administration can complete the hike to 10 percent as planned. Expectations ...

Aso plans new extra budget to cushion sales tax hike to 10%

Sep 5, 2014

Aso plans new extra budget to cushion sales tax hike to 10%

The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday. “It is necessary to prepare to craft a supplementary budget” this fiscal year, Aso said while expressing his ...

Dec 12, 2013

¥5.5 trillion extra 2013 budget for stimulus OK'd

Prime Minister Shinzo Abe’s Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring’s consumption tax hike. Vowing to achieve fiscal rehabilitation, the government will not issue additional ...

Dec 11, 2013

¥5.5 trillion extra budget aims to offset tax hike

The Abe administration has compiled an extra budget worth ¥5.47 trillion to finance economic measures designed to offset the adverse effects of the consumption tax hike in April, according to sources. The supplementary budget for the fiscal year through next March, to be endorsed ...

Feb 15, 2013

Lower House OKs massive extra budget

The Lower House on Thursday approved a draft ¥13.1 trillion extra budget for fiscal 2012 to finance a huge economic stimulus package aimed at shoring up the recession-hit economy. The vote, dominated by Prime Minister Shinzo Abe’s Liberal Democratic Party-led coalition, came ahead of ...