Oct 15, 2013

Aso has stern words for U.S. on debt crisis

U.S. lawmakers need to get a grip on the seriousness of the budget impasse in Washington and its reverberations around the world, Finance Minister Taro Aso warned Tuesday. Aso, who also serves as deputy prime minister, said the Republican Party’s ultraconservative tea party faction ...

Oct 11, 2013

U.S. fiscal woes alarm G-20 finance leaders

Finance ministers and central bank governors from the Group of 20 major economies discussed the U.S. budget ceiling impasse during the first-day session of their meeting Friday, saying a default by the United States could hurt the global economy. Finance Minister Taro Aso told ...

With 8% hurdle cleared, Aso eyes 10% sales tax

Oct 8, 2013

With 8% hurdle cleared, Aso eyes 10% sales tax

by Reiji Yoshida

Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent. Aso told reporters Tuesday the ...

Sep 19, 2013

Government may end post-3/11 corporate tax surcharge

The government might end a special corporate tax surcharge levied to finance reconstruction work in areas hit by the March 2011 earthquake and tsunami a year earlier than planned, sources familiar with the matter said Thursday. The de facto cut of about 2 points ...

Sep 17, 2013

Cabinet at odds over corporate tax

Cabinet members in charge of economic and fiscal policies remained at odds Tuesday over whether to cut the corporate tax rate to soften the negative impact of the consumption tax hike planned for next April. “Is it reasonable to cut the corporate tax rate ...

G-20 leaders vow 'credible' fiscal plans

Sep 6, 2013

G-20 leaders vow 'credible' fiscal plans

Despite the U.S.-Russia standoff over the Syrian civil war and Moscow’s granting of temporary asylum of U.S. intelligence leaker Edward Snowden, they managed to sit down at the table of the Group of 20 summit Thursday to look at the fluctuating global economic picture. ...

Sep 3, 2013

Diet may discuss stimulus budget in early '14

The administration may submit an extra budget to the Diet early next year to stimulate the economy amid fears over the negative impact of the planned consumption tax hike in April, Finance Minister Taro Aso said Tuesday. Aso, also deputy prime minister, again indicated ...

Aug 15, 2013

Aso sees little benefit in cutting corporate tax

Finance Minister Taro Aso expressed reluctance Thursday to cut the effective corporate tax rate, brushing aside speculation that the administration may take the measure to cushion the negative impact of the planned hike in the consumption tax. “Even if we cut the corporate tax ...