Apr 25, 2016

Revision pushes coincident CI up for February

The Cabinet Office said Monday it has revised up the composite index of coincident economic indicators for February. The coincident CI, which reflects current economic conditions, now stands at 110.7 against 100 for the base year of 2010, up from 110.3 in the preliminary ...

Apr 14, 2016

IMF urges consumption tax hike to go ahead

The International Monetary Fund urged Japan on Wednesday to go ahead with a planned hike in consumption tax next April in order to secure funds for further economic stimulus. In the semiannual Fiscal Monitor report, the Washington-based lender called for an increase in the ...

Apr 13, 2016

OECD chief calls for consumption tax of 'at least 15%'

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to “at least 15 percent” at some point in the future. Speaking after a meeting in Tokyo with Prime Minister Shinzo ...