The vice finance minister said tax cuts and other tweaks to regulations ultimately matter less than whether Japan can bring back business opportunities for firms.
For Yuko Takeo's latest contributions to The Japan Times, see below:
A 32 percent drop in the cost of hotel accommodations accounted for most of the overall drop.
Economists say the shoddy state of Japan's digital services is dampening the benefits of fiscal stimulus and holding back technological progress in the private sector.
"Even before coronavirus and the U.S.-China trade war struck, there was a shift away from production in China,” said a Japan External Trade Organization official.
Slow response due to small government and lack of digitalization has seen some companies go out of business.
Factor in those on partially paid leave and the 2.6 percent rate hits 11.5 percent. Then there's the 940,000 who left the labor force in April but weren't counted.
Prime Minister Abe’s team is working on steps to save jobs and spark a v-shaped recovery, but is money all it takes?
A canceled or postponed Olympics would likely result in Japan's economy shrinking for the longest stretch since the global financial crisis, according to some economists. Ahead of the arrival of the still-flickering Olympic flame on Friday, economists contacted by Bloomberg said a scrapped or delayed ...
Housewife Matsuko Mitsui had been meaning to buy a new air conditioner for years, but it took the looming consumption tax hike in October to spur the 64-year-old to finally make the purchase. Like many people in Japan, she isn't planning to splash out again ...
When Mario Draghi ended his term as European Central Bank president last week with a call for government policies to be "mutually aligned" with those of his institution, the message came with an unspoken caveat — it might not be enough. Japan has been attempting ...