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
A stimulus package designed to buffer the economy from next year's consumption tax hike will be worth ¥6 trillion, officials say.
The Liberal Democratic Party’s tax panel proposed Tuesday around ¥300 billion in tax cuts to invigorate business investment, viewed as a pillar of economic growth by the Abe administration. The tax reduction plan is expected to be included in an economic stimulus package to ...