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.
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The ruling coalition was expected Monday evening to delay until the end of December the decision on whether to end the Tohoku reconstruction surcharge for companies a year earlier than planned, amid mounting criticism that it would not lead to wage hikes — one ...
New Komeito leader Natsuo Yamaguchi said Sunday the debate over lifting the ban on collective self-defense may affect his party’s coalition with the ruling Liberal Democratic Party. Prime Minister Shinzo Abe, who heads the conservative LDP, is intending to lift the ban by changing ...
Prime Minister Shinzo Abe will postpone until next spring a decision on whether to alter the government’s interpretation of the Constitution to allow Japan to engage in collective self-defense, amid wariness in junior coalition partner New Komeito, a government source said Saturday. It is ...
Prime Minister Shinzo Abe's initiative to lift Japan's self-imposed ban on engaging in collective self-defense may not gain public support, New Komeito leader Natsuo Yamaguchi suggests
The ruling Liberal Democratic Party and its pacifist coalition partner, New Komeito, will begin talks shortly among working-level officials on Japan’s right to exercise collective self-defense, although the discussions are expected to be tough and possibly divisive. With a government panel on legal frameworks ...
The Liberal Democratic Party will receive ¥15.062 billion in state subsidies this year, up 3.5 percent from the previous estimate, after the ruling party’s landslide victory in Sunday’s House of Councilors election, a Jiji Press estimate has revealed. The LDP came out of the ...
The ruling Liberal Democratic Party and its coalition ally, New Komeito, sparred over the issue of whether Japan had the right to engage in collective self-defense under the Constitution during a TV program Sunday. “It is theoretically possible for Japan to exercise its collective ...
New Komeito President Natsuo Yamaguchi said Friday his party will continue to act as a counterweight to the Liberal Democratic Party if the senior coalition partner aggressively pursues revising the war-renouncing Article 9 or exercising the right of collective self-defense after the Upper House ...
New Komeito, the junior coalition partner of the ruling Liberal Democratic Party, pledged Thursday to push for a nuclear phaseout at the earliest possible date and bolster the Constitution by adding more provisions, a sharp contrast to the LDP’s desire to promote atomic power ...
Prime Minister Shinzo Abe has urged opposition groups Nippon Ishin no Kai (Japan Restoration Party) and Your Party to help him revise Article 96 of the Constitution to make it easier to amend the supreme code. “I’m asking for cooperation in forming a majority” ...
The LDP-led government outlines a list of tax reform goals for fiscal 2013 that raises taxes on the rich, scratches breaks for the poor and curries favor ahead of Upper House poll.