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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CLOUDS AND SUN
The economy is likely to take a hit from planned hikes in commodity and services prices, as well as pension system-related taxes from Tuesday as a threat from the rise in the consumption tax looms, economists say. “There is a risk that sharp price ...
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A government investment panel tasked with reviewing the nation’s public pension portfolio will hold its first meeting Monday, sources said. The panel, chaired by University of Tokyo professor Takatoshi Ito, will have about five members, they said. It will compile ideas for hiking the ...
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As the social welfare system grows in complexity, non-Japanese in particular are likely feeling a sense of frustration at the lack of information available in their native language. All foreign workers are obliged by law to join the public pension system, although many are ...