Oct 2, 2013

Abe trying to strike a delicate balance

by Shinya Ajima

When Prime Minister Shinzo Abe met the news media after deciding to raise the consumption tax next April, he stressed that his administration can pursue economic growth and fiscal discipline at the same time. The declaration Tuesday, which almost sounded as if he was ...

Oct 2, 2013

METI forms team to help small suppliers survive tax hike

The Ministry of Economy, Trade and Industry set up an office Wednesday to ensure small firms can raise the prices of their products supplied to larger companies after the 5 percent sales tax is raised to 8 percent in April, as decided by Prime ...

Sep 25, 2013

LDP proposes big tax breaks for businesses

The Liberal Democratic Party has proposed around ¥300 billion in tax cuts to invigorate business investment, a pillar of Prime Minister Shinzo Abe’s economic growth plan, executives of the LDP’s tax panel said. The tax reduction plan, intended to soften the blow of the ...

Sep 19, 2013

Cash handouts of ¥10,000 eyed for poor after tax hike

To cushion the impact of the first stage of the consumption tax hike, the government plans to distribute cash payments of ¥10,000 to ¥15,000 to people with low incomes, sources said Wednesday. Households exempt from the local inhabitant tax will receive ¥10,000 per person, ...