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 Japanese Trade Union Confederation, feeling somewhat estranged from the Democratic Party of Japan, is mulling the idea of realigning opposition parties into a labor party.
One reason Tepco paid a uniform ¥100,000 special summer bonus to each of some 5,000 managerial employees is to plug a brain drain. Core workers are quitting.
The rest of the world has came to know about the start of an economic slump in China from none other than President Xi Jinping and Prime Minister Li Keqiang.
Japan's farmers must scrutinize what Shinzo Abe says so as not to be deceived by him again. The prime minister has never promised to protect their future.
Prime Minister Shinzo Abe is said to be considering delaying the increase in the consumption tax rate currently scheduled to take effect in April 2014.
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South Korea ranks at the bottom of OECD member nations in "technology trade balance," which doesn't say much for the design capabilities of manufacturers.
As Japan pours huge sums of taxpayer money into its missile defense system, the SDF is functioning more like a subcontractor for the U.S. armed forces.
The Foreign Ministry has been conducting clandestine studies about the potential development of nuclear weapons in Japan, and the U.S. is nervous about it.
Amid the economic boom in many ASEAN countries, there is also a feeling of deja vu that current conditions resemble those on the eve of the '97 financial crisis.
Japan's information technology industry could be the biggest beneficiary of the government plan to introduce a personal ID number system for citizens.