Dec 16, 2013

GDP estimate to be raised to 1.3% for 2014

The government will forecast annual economic growth of around 1.3 percent in price-adjusted real terms for fiscal 2014, informed sources say. The new estimate, to be announced later this month, will be an improvement on the more pessimistic projection of 1.0 percent growth issued ...

Dec 13, 2013

Abe's stimulus only a short-term fix

The Abe administration's latest stimulus package has the central government spending more than it is due to receive in revenue from the fiscal 2014 tax hike, showing that the Japanese economy has yet to enter a self-sustaining cycle built on private-sector demand and investment.

Dec 12, 2013

¥5.5 trillion extra 2013 budget for stimulus OK'd

Prime Minister Shinzo Abe’s Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring’s consumption tax hike. Vowing to achieve fiscal rehabilitation, the government will not issue additional ...

Nov 19, 2013

Amari orders stimulus to offset tax hike

Economic and fiscal policy minister Akira Amari on Tuesday urged ministries and agencies to cooperate in finalizing by early December an economic stimulus package aimed at easing the negative impact of next year’s sales tax hike. “The new economic package would be aimed at ...

Sep 10, 2013

Abe orders stimulus to avert tax hike hit

Prime Minister Shinzo Abe has instructed his ministers to draw up a stimulus package in case the planned consumption tax hike in April harms the economy, Finance Minister Taro Aso said Tuesday. Earlier in the day, Abe discussed the matter with Aso, economic and ...