May 1, 2015

Auto sales slow in April after tax hike on minicars

Sales of new autos slumped 7.5 percent in April from a year earlier to 319,482 units, with last month’s auto tax hike on minivehicles acting as a brake on demand, industry bodies said Friday. Sales of minicars, defined as having an engine displacement of ...

Apr 2, 2015

60% of Japanese cut spending after tax hike: BOJ survey

A Bank of Japan survey revealed Thursday that 59.8 percent of respondents tightened their purse strings after the consumption tax hike in April last year. Of them, 75.3 percent said they were still curbing spending, according to the survey, which was conducted between Feb. ...

Mar 31, 2015

Diet passes tax system revisions for fiscal 2015

The Diet on Tuesday approved legislation for tax system revisions for fiscal 2015, including postponement of the next consumption tax hike. Prime Minister Shinzo Abe announced late last year he was putting off the planned tax hike to 10 percent until April 2017, a ...

Mar 3, 2015

The government's fiscal road map

The Abe administration's forthcoming fiscal rehabilitation plan may give clues as to whether it is serious about getting the government's fiscal house in order.