Oct 13, 2015

Government considers multiple levels in 2017 consumption tax hike

The government is considering introducing a reduced tax rate for some products to ease the burden when it raises the consumption tax rate by 2 percentage points to 10 percent in April 2017, Chief Cabinet Secretary Yoshihide Suga said Tuesday. “It is extremely natural ...

Consumer prices inch higher as Kuroda pumps stimulus

Jun 26, 2015

Consumer prices inch higher as Kuroda pumps stimulus

Consumer prices rose fractionally in May, as Bank of Japan Gov. Haruhiko Kuroda tries to generate inflation with unprecedented monetary stimulus. Consumer prices excluding fresh food increased 0.1 percent from a year earlier, the statistics bureau said on Friday, versus forecasts by economists for ...

Jun 9, 2015

Japan consumer confidence fell in May for second straight month

Consumer confidence worsened in May for the second straight month amid rising prices of goods such as food, data showed Tuesday, prompting the government to downgrade its assessment. The seasonally adjusted index of sentiment among households made up of two or more people fell ...

Jun 1, 2015

Fiscal council tells Aso to tame spending

An advisory panel to Finance Minister Taro Aso warned in a report Monday that a proposed government fiscal reform plan that relies excessively on a revenue increase derived from economic growth is “too optimistic.” The panel called on the government to improve fiscal health ...

May 19, 2015

Household savings hit record high in 2014

The average savings of households in 2014 rose 3.4 percent to ¥17.98 million, marking the highest level since officials began compiling comparable data in 2002, the internal affairs ministry said. The savings of households with at least two members grew for the second straight ...