May 29, 2012

Time for the Diet to act

There remains less than a month before the current Diet session is scheduled to end on June 21. Deliberations have started in a Lower House special committee on the tax and social welfare reform. Among the bills before the committee are two related to ...

Mar 31, 2012

Approach tax hike with caution

The Noda Cabinet on Friday endorsed and submitted to the Diet a bill aimed at raising the consumption tax from the current 5 percent to 8 percent from April in 2014 and to 10 percent from October 2015. Prime Minister Yoshihiko Noda is so ...

Jan 9, 2012

Variable economic winds

As the Japanese economy greets the new year, overcoming the long period of deflation that has suffocated consumer spending and corporate investment should be the main goal of the government and the private sector. Firms can expect tailwinds from a rise in demand due ...

Jan 5, 2012

Why Obama will (won't) win re-election in 2012

by Robert J. Samuelson

Could 2012 turn conventional wisdom on its head? Here’s the conventional wisdom: U.S. President Barack Obama’s re-election is vulnerable to the weak economy and high joblessness. Here’s what might happen: The economy gradually improves, and although unemployment stays high (exceeding 8 percent), what counts ...