Business Mar 29, 2002

Government experts butt heads over path to recovery

Discord is increasing between two key government panels debating whether to prioritize tax cuts or fiscal belt-tightening. The tax debate, launched in January, has the heads of the Council on Economic and Fiscal Policy and the Tax Commission squaring off. On the one hand, Heizo Takenaka, ...

Business Feb 26, 2002

Fight against deflation like a many-edged sword

The government plans to formalize a comprehensive policy package Wednesday to combat deflation. What's wrong with deflation and how can the proposed steps ease the problems? Here are some questions and answers: What is deflation and why is it bad? Deflation is a state of continued price ...

Business Feb 7, 2002

G7 to pour wrath on Japan's economy, yen dive

With the economy already wobbling, Japan may find itself on the ropes when finance chiefs from the Group of Seven major economic powers gather this week in Ottawa. The latest gathering of G7 finance ministers and central bankers, scheduled to be held in the Canadian ...

Business Jan 1, 2002

Innovative banking upstarts struggle to establish foothold

New, innovative entrants into the domestic banking sector have struggled to establish themselves amid the turbulent business climate. Since October 2000, Japan Net Bank, IY Bank, Sony Bank and eBank Corp. have been launched in an effort to capitalize on the deregulation of the banking ...

Budget reflects change in course

Business | ANALYSIS Dec 25, 2001

Budget reflects change in course

The compilation on Monday of an 81.23 trillion yen general account budget for fiscal 2002 highlights a significant shift of authority in the drafting of national budgets -- an area long dominated by the Finance Ministry. The economic advisory panel that serves Prime Minister Junichiro ...

Business Dec 21, 2001

Koizumi should have tried to cap deflation instead

While the Finance Ministry's draft budget for 2002 features significant structural changes, its central reform pillar of limiting government spending has aggravated concerns about the economy. Bound by Prime Minister Junichiro Koizumi's pledge to limit new bond issues to 30 trillion yen -- which he ...

Business Dec 15, 2001

Tax reform debate had nowhere else to go

Right up to the last minute, two conflicting philosophies dominated the ruling coalition's debate on tax reform for fiscal 2002 -- whether to levy taxes wherever possible to help ease the government's dire financial straits or avoid major hikes in light of the economic ...

Second budget takes page from Nakasone's book

Business Nov 27, 2001

Second budget takes page from Nakasone's book

Only 10 days after the first supplementary budget was enacted, the government performed an almost acrobatic feat to finance a second extra budget for this fiscal year -- tapping the proceeds from government sales of shares in Nippon Telegraph and Telephone Corp. Amid the clamor ...

Commentary / World Nov 19, 2001

Pitfalls litter Koizumi reform path

Prime Minister Junichiro Koizumi needs to place a bit more emphasis on growth-oriented economic policy if he wants to maximize the effect of his structural reform measures, British economic journalists said at a recent symposium in Tokyo. "I'm very troubled by the kind of language ...