Oct 17, 2015

Japan mulls paperless receipts for duty-free after refund gripes

The Japan Tourism Agency is considering a paperless tax refund system for foreign visitors, informed sources said, following a surge in the number of tourists. Foreigners can obtain tax refunds at the shops where they purchase goods but are required to show customs officers ...

Sales tax hike stymies domestic car sales: JAMA

Dec 22, 2014

Sales tax hike stymies domestic car sales: JAMA

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Major Japanese carmakers may have benefited from the yen’s sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday. “2014 has ...

Japan's young fret as unexpected recession kicks in

Nov 25, 2014

Japan's young fret as unexpected recession kicks in

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When Prime Minister Shinzo Abe responded to Japan’s surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country’s economic heyday, frets that putting off tough decisions now could ...