Sales tax hike stymies domestic car sales: JAMA

Dec 22, 2014

Sales tax hike stymies domestic car sales: JAMA

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Major Japanese carmakers may have benefited from the yen’s sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday. “2014 has ...

Japan's young fret as unexpected recession kicks in

Nov 25, 2014

Japan's young fret as unexpected recession kicks in

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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 ...