Dec 5, 2014

The elephant in the room

Prime Minister Shinzo Abe's decision to postpone the second phase of the consumption tax hike may be popular with much of the electorate, but it would be unfortunate if the decision diverts people's attention from the nation's real fiscal plight.

Nov 25, 2014

Abe consumption tax backfiring with more debt, not less

by Wes Goodman

What started as a plan to reduce the national debt is turning into a reason to issue more bonds. Prime Minister Shinzo Abe’s administration implemented a higher consumption tax in April to boost revenue as government liabilities ballooned to ¥1 quadrillion ($8.5 trillion), more ...

Apr 29, 2014

Finance to set up JGB division dedicated to overseas sales

The Finance Ministry will launch a division in July dedicated to promoting sales of Japanese government bonds overseas because the amount of outstanding bonds is building, ministry officials said Tuesday. The new division will pitch the stability of JGBs to major foreign investors such ...

Feb 10, 2014

Debt soars to record over double 2012 GDP

The government’s debt stood at ¥1.0179 quadrillion at the end of December, breaking its previous record of ¥1.0112 quadrillion set just three months earlier, the Finance Ministry said Monday. After spending three consecutive quarters above the ominous ¥1 quadrillion line, the ministry projected that ...