Aug 14, 2014

GDP plunge prompts talk of speeding up regional stimulus package

The Abe administration plans to accelerate efforts to compile an economic stimulus package for regions outside Tokyo in light of the bleak gross domestic product data released for the April-June quarter, government sources said. The government of Prime Minister Shinzo Abe appears to believe ...

Jan 12, 2014

New round of stimulus to cushion second tax hike in 2015: Amari

Another round of economic stimulus replete with lush fiscal spending will be set up when the government decides to complete the doubling of the consumption tax to 10 percent in 2015, economic and fiscal policy minister Akira Amari confirmed Sunday. Amari said the decision ...

Nov 28, 2013

Finance panel against stimuli to ease tax rise

A Finance Ministry panel plans to urge careful consideration of the proposed stimulus package to be introduced in line with the consumption tax hike next April, suggesting the measure cannot be fiscally justified, sources said. The Fiscal System Council will make the demand in ...

Noda slams 'Abenomics' as pork

Oct 2, 2013

Noda slams 'Abenomics' as pork

Former Prime Minister Yoshihiko Noda on Tuesday criticized current leader Shinzo Abe’s latest economic stimulus program as “pork.” “I cannot help feeling that it is pork-barrel spending,” Noda, a supreme adviser of the Democratic Party of Japan, said in a speech in Washington, referring ...

Sep 26, 2013

Abe team puts corporate tax on table

A pledge to start considering a cut in the effective corporate tax rate “as soon as possible” will likely be included in the upcoming economic stimulus package, administration officials said Thursday. A reduction in corporate tax could entice more foreign companies to operate in ...

Sep 25, 2013

LDP proposes big tax breaks for businesses

The Liberal Democratic Party has proposed around ¥300 billion in tax cuts to invigorate business investment, a pillar of Prime Minister Shinzo Abe’s economic growth plan, executives of the LDP’s tax panel said. The tax reduction plan, intended to soften the blow of the ...

Apr 26, 2013

National casino ban might fold under 'Abenomics'

The government may insert a plan to lift the nation’s casino ban in the new economic growth strategy to be drawn up in June, informed sources said. The ruling Liberal Democratic Party is examining the idea of designating special zones in which resort complexes ...