Japan's young fret as unexpected recession kicks in

Nov 25, 2014

Japan's young fret as unexpected recession kicks in

by Elaine Kurtenbach

When Prime Minister Shinzo Abe responded to Japan’s surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country’s economic heyday, frets that putting off tough decisions now could ...

Sep 4, 2014

Abe mum ahead of second stage of tax hike

Prime Minister Shinzo Abe is keeping quiet about whether to he will raise the consumption tax in October 2015 as scheduled, saying only that he will make a final decision while “comprehensively” analyzing the economic situation. Hiking the tax to 10 percent next year ...

Most major firms expect to see economy grow by year-end

Aug 17, 2014

Most major firms expect to see economy grow by year-end

A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government’s plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says. Although ...

Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...