Sep 19, 2014

Cabinet sobers up on Japan's economic fundamentals

Japan’s economic fundamentals were downgraded in a monthly report Friday as the government issued its first gloomy appraisal in five months, citing persistent weakness but insisting a slow recovery was underway. “The Japanese economy is making a moderate recovery, while weakness can be seen ...

Sep 11, 2014

BOJ adviser Kawai urges Abe to proceed with second tax hike

The Abe administration should proceed with the next consumption tax hike as planned to signal it is serious about reining in the world’s biggest debt burden, an adviser to Bank of Japan Gov. Haruhiko Kuroda said. Annualized growth of 2.5 percent or more this ...

Sep 4, 2014

Abe mum ahead of second stage of tax hike

Prime Minister Shinzo Abe is keeping quiet about whether to he will raise the consumption tax in October 2015 as scheduled, saying only that he will make a final decision while “comprehensively” analyzing the economic situation. Hiking the tax to 10 percent next year ...