Nov 19, 2014

Businesses have mixed reaction to putting off sales tax hike

The business community voiced mixed reactions Tuesday to Prime Minister Shinzo Abe’s decision to delay the next consumption tax hike and call a snap election for the Lower House. “We were concerned about slowing consumption,” an official at a restaurant chain said, welcoming Abe’s ...

As yen gets weaker, consumers writhe

| Oct 3, 2014

As yen gets weaker, consumers writhe


The weakening yen is starting to squeeze Japanese consumers as prices rise for everything from Burgundy wine to instant noodles, threatening Prime Minister Shinzo Abe’s plans to revive the economy. The currency slid to ¥110 to the dollar on Oct. 1, the lowest level ...

Sep 17, 2014

Government to lower economic assessment

The government is considering lowering its assessment of the economy in the monthly report for September, it was learned Wednesday. This would mark the first downgrade since April, when the economy was hit by a pullback in demand after the April 1 consumption tax ...

Imports of Chilean wine surge in Japan

Jul 23, 2014

Imports of Chilean wine surge in Japan

Imports of bottled wine from Chile are surging, thanks in part to a bilateral economic partnership agreement that has lowered the import tariff. Chilean wine was second in annual imports in Japan in 2013 on a country-by-country basis, beating Italian wine. This year, Chilean ...

Jul 22, 2014

Fiscal '14 growth forecast cut to 1.2%

The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on ...

Jul 14, 2014

Economic data mixed after Japan's sales tax hike

Economic indicators have been sending mixed signals since the consumption tax hike to 8 percent from 5 percent in April, with consumer confidence and employment faring well and household spending and capital investment slumping. Although the government and some private-sector economists remain confident the ...

Jun 28, 2014

Japanese spending might recover in September: World Bank chief

The head of the World Bank expects Japanese consumer spending to start recovering from the drop caused by the first stage of the consumption tax hike sometime around September, and voiced support for an investment bank for Asia as proposed by China. “What we’re ...