Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
22
CLOUDS AND SUN
Inflation accelerates to its fastest pace since 2008 on higher energy costs rather than real demand, pressuring Prime Minister Shinzo Abe to lobby harder for wage increases.
Consumer prices in Tokyo increased 0.1 percent in May from a year earlier for the first upturn in more than four years, due to rising energy and television prices, the government said Friday, suggesting the nation could climb out of deflation in the coming ...
Consumer prices fell 0.2 percent in January from a year earlier for the third straight month of decline, due mainly to a drop in household durable goods, including air conditioners, the government said Friday. The core consumer price index, excluding fresh foods, stood at ...