Jun 14, 2016

Fitch cuts outlook on government debt in wake of tax hike delay

Fitch Ratings on Monday slashed its outlook on Japanese government bonds to negative from stable, citing a lack of specific steps to achieve the country’s fiscal reform goal following another delay in the consumption tax hike. “The outlook revision primarily reflects Fitch’s decreased confidence ...

Jun 2, 2016

Moody's sees Japan's consumption tax hike delay as 'credit negative'

Moody’s Investors Service Inc. said Thursday that Prime Minister Shinzo Abe’s decision to postpone a hike in the consumption tax and compile a fiscal stimulus in the autumn is “credit negative,” questioning the government’s ability and willingness to achieve fiscal consolidation. The U.S. debt ...

Jun 1, 2016

Japan Inc. welcomes second deferment of consumption tax hike

Executives of some Japanese firms, especially retailers and food makers, have voiced support for a delay in the second-stage consumption tax hike to October 2019. Others, however, are calling for the hike, from 8 percent to 10 percent, to go ahead in April 2017 as scheduled, citing ...