Apr 14, 2016

IMF urges consumption tax hike to go ahead

The International Monetary Fund urged Japan on Wednesday to go ahead with a planned hike in consumption tax next April in order to secure funds for further economic stimulus. In the semiannual Fiscal Monitor report, the Washington-based lender called for an increase in the ...

Apr 13, 2016

OECD chief calls for consumption tax of 'at least 15%'

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to “at least 15 percent” at some point in the future. Speaking after a meeting in Tokyo with Prime Minister Shinzo ...

Apr 5, 2016

Government considers welfare, stimulus measures to boost economy

The government is discussing welfare and stimulus measures aimed at promoting economic growth ahead of the Group of Seven summit in May. “It is extremely important to present a solid road map toward achieving the ¥600 trillion economy,” when the G-7 economies are being ...