Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
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CLOUDS AND SUN
The dollar slid below ¥97.50 in Tokyo trading Wednesday on risk-averse sentiment fueled by stock price falls as well as the continued standstill in the U.S. Congress. At 5 p.m., ...
The Nikkei average tumbled to the lowest closing level in more than three weeks Wednesday, pressured by the yen’s rise and futures-led selling amid uncertainty over the U.S. fiscal deadlock. ...
Investors stayed calm on the first day of a partial shutdown of the U.S. government Tuesday and sent the stock market modestly higher. A long-running dispute in Washington over President ...
The benchmark Nikkei bounced back Tuesday, bolstered by the yen’s weakening and an improvement in domestic business confidence. The Nikkei ...
The dollar erased early gains to trade slightly below ¥98 in late Tokyo trading Tuesday, pressured by a partial shutdown ...
U.S. stocks sank Monday ahead of the government’s partial shutdown, which could lead to an event far worse for the economy — a failure to raise the nation’s borrowing limit. There is a simple reason why the budget battle — and, more importantly, an ...
The Standard & Poor’s 500 index rose 6 points to close at 1,698 on Thursday, the index’s first positive day after five consecutive loses. The Dow Jones industrial average rose 55 points to 15,328, while the Nasdaq composite climbed 26 points to end at ...
Expectations for upcoming economic stimulus measures pushed the Nikkei 225 average Thursday to its highest closing level in more than two months. The Nikkei shot up 178.59 points, or 1.22 percent, to close at 14,799.12, its best finish since July 18. It snapped a ...
The dollar briefly rose above ¥99 in Tokyo trading Thursday, aided by a rise in stock prices after a news report that fueled hopes for a corporate tax cut in Japan. At 5 p.m., the dollar stood at ¥98.90-93, up from ¥98.53-54 at the ...
Stocks slumped Wednesday, weighed down by selling amid technical signs of market overheating. The Nikkei 225 average closed down 112.08 points at the day’s low of 14,620.53, extending its losing streak to a third session. The Topix fell 3.72 points to end at 1,211.15. ...
The dollar fell below ¥99 in Tokyo trading Wednesday as investor appetite for risk receded due to weaker stock prices. At 5 p.m., the dollar was quoted at ¥98.53-54, down from ¥99.07-09 at the same time Tuesday. The euro stood at $1.3484-3486, down from ...
Stocks dropped slightly Friday, pressured by profit-taking amid a sense of market overheating. The Nikkei 225 average closed down 9.81 points at 14,732.61. The broader Topix shed 4.11 points to end at 1,214.87. The TSE was closed Monday for a national holiday. Stocks slipped ...
The dollar overcame early weakness and traded above ¥99 in Tokyo trading late Tuesday as speculation grew over a wider interest rate gap between Japan and the United States following a rise in American long-term interest rates in off-hours trading. At 5 p.m., the ...
Only a year after its launch, Anton Gelman’s young technology company secured its first round of investment in January and he is already laying the groundwork for a second, much larger injection of capital. His company, which provides a platform for freelance photographers and ...
Canada unveiled Thursday what it touted as the nation’s first national securities regulator to replace a patchwork of regional watchdogs and rules, although just two of its 10 provinces are onboard. It will be headquartered in Toronto and will replace the securities commissions of ...
The U.S. stock market paused Thursday as investors tried to figure out what to do next following the Federal Reserve’s decision to hold steady on its stimulus program. The Dow Jones industrial average and Standard & Poor’s 500 index pulled back from their record ...
The European Union wants to regulate financial benchmarks that are used in transactions worth trillions of dollars globally, an effort to prevent market manipulations such as the one involving Libor, an interest rate banks use to borrow from each other. The European Commission, the ...