Apr 10, 2012

Issues Mr. Noda must tackle

The ¥90.33 trillion fiscal 2012 budget was enacted April 5. If a special budget for the reconstruction of areas hit by the 3/11 triple disasters is included, its size expands to ¥93.55 trillion. Because the budget failed to be enacted by March 31, the ...

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 ...

Mar 3, 2012

How to push reform forward

by Shinji Fukukawa

Prime Minister Yoshihiko Noda has stated he would stake his political life on realizing integrated reform of the tax and social security systems. Japan’s financial structure is worse than those of other advanced countries and even that of Greece, which was responsible for the ...