Jun 27, 2014

Tax small firms more to offset corporate rate cut, panel says

The Tax Commission says small and midsize firms should pay more taxes to offset the loss in revenue from Prime Minister Shinzo Abe’s promised corporate tax cut, it said in its reform plan Friday. Analysts said that will no doubt draw fire for giving ...

Abe vows to trim ¥17 trillion; details few

Aug 8, 2013

Abe vows to trim ¥17 trillion; details few

The Abe administration approves a medium-term fiscal reform plan, pledging to narrow the budget deficit by ¥17 trillion over the next two years but offering no specifics on how to improve public finances.

Aug 2, 2013

Public debt situation worries IMF

The International Monetary Fund expressed concern Thursday about the fiscal situation in Japan, where public debt keeps soaring. Simulations by the IMF “suggest that global output losses could reach 2 percent of GDP” if Japan is “exposed to a reconsideration of sovereign risk by ...

Jun 25, 2013

BIS: Reform more, rely less on monetary easing card

The Bank for International Settlements has called on advanced economies, including Japan, the United States and the European Union, to promote fiscal and economic structural reforms and labor market overhauls, instead of further depending on aggressive monetary easing. “The phrase ‘whatever it takes’ has ...