Tag - _consumption-tax

 
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May 19, 2024
 

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_CONSUMPTION TAX

BUSINESS / Economy
Apr 8, 2014
BOJ stays policy course, aware of sales tax hike hit
The Bank of Japan on Tuesday left its ultra-loose monetary policy unchanged, while acknowledging the consumption tax hike introduced this month will have a negative impact on the economy.
Japan Times
JAPAN / Media / MEDIA MIX
Apr 5, 2014
Fallout from the tax rise may hit in surprising ways
Prior to the consumption tax increase last Tuesday, from 5 percent to 8 percent, Japanese consumers were spending to beat the band. The local business magazine Economist (not to be confused with the English language newsweekly) reports that ¥4 trillion was spent on goods and services in recent months...
Japan Times
BUSINESS / Economy
Apr 4, 2014
Abe may reduce tax benefits for women
Prime Minister Shinzo Abe's reflation campaign last year helped draw the most women to work since 1991. He now plans to add a stick to that carrot, scaling back tax benefits for spouses with limited earnings.
EDITORIALS
Apr 2, 2014
Tax hike alone won't cure fiscal ills
The consumption tax hike alone won't resolve the nation's fiscal and social security woes. It needs to be matched by efforts to rein in government spending.
BUSINESS
Apr 1, 2014
Banks see economy withstanding sales tax increase
The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said.
Japan Times
BUSINESS
Apr 1, 2014
Shoppers start coping with higher sales tax
Tuesday's hike of the consumption tax to 8 percent saw mixed reactions in Tokyo and Osaka. While consumers in both cities seemed resigned to the increase, there was concern about the additional transportation and food costs.
Japan Times
BUSINESS
Mar 31, 2014
Shoppers flock to stores ahead of sales tax hike
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Japan Times
BUSINESS
Mar 31, 2014
Supplier of ¥1 coins ends four-year hiatus for Abe's sales tax hike
Akao Aluminum Co., the only supplier of ¥1 coins, has produced its first batch in four years to meet an expected surge in demand for small change as the consumption tax jumps to 8 percent on Tuesday.
Japan Times
BUSINESS / Economy / FOCUS
Mar 29, 2014
Tax hike, Crimea cloud economy
The first sales tax hike in 17 years and the ongoing geopolitical crisis over Crimea could turn into a double-whammy for Japan's fragile economic revival.
Japan Times
BUSINESS / Economy
Mar 28, 2014
Hidden tax hike surprises await unwary consumers
Tuesday's consumption tax hike will in principle affect all domestic purchases of goods or services, but there are still gray areas where consumers may get surprised by unexpected levies, government officials warn.
Japan Times
BUSINESS / Economy
Mar 28, 2014
Spending logs surprise fall as price pressures rise
Consumers unexpectedly reduce spending two months before the nation's first sales tax hike since 1997 — potential sign that emerging inflationary pressures are undermining purchasing power.
JAPAN
Mar 26, 2014
Families with young kids eligible for one-time handouts
The government will give out a special child benefit of ¥10,000 to households nationwide with children aged 15 or younger to help offset the consumption tax hike to 8 percent.
EDITORIALS
Mar 25, 2014
'Abenomics' after the tax hike
Uncertainties are deepening with regard to the course of Japan's economy after the three-percentage-point sales tax hike takes effect in April. Meanwhile, 'Abenomics' appears to be losing steam.
Japan Times
JAPAN / EXPLAINER
Mar 24, 2014
Selective consumption tax breaks inch closer
The consumption tax is going up to 8 percent next Tuesday, but consumers also have to brace for a another hike in October 2015, when the Abe administration plans to raise it all the way to 10 percent — double what it has been since 1997.
BUSINESS / Economy
Mar 17, 2014
Abe aide urges more BOJ easing as sales tax increase threatens recovery
The Bank of Japan can double its annual pace of bond accumulation to ¥100 trillion to give fresh impetus to the economy after next month's sales tax increase, according to an aide to Prime Minister Shinzo Abe.
EDITORIALS
Mar 11, 2014
No need to break the budget
Consumers would be wise to resist the urge to break their household budget with high-end purchases before the sales tax rises by three percentage points April 1. That's because manufacturers are likely to remain as keen as ever to keep their prices competitive after the tax hike.
BUSINESS / Economy
Mar 5, 2014
Tokyo firms unsure of tax hike impact
A poll by the Tokyo Chamber of Commerce and Industry shows that about 40 percent of small and medium-size enterprises in the area are unsure of whether they can pass the April 1 consumption tax hike on to the prices of their products.
EDITORIALS
Mar 3, 2014
Taxing adjustments ahead
With the consumption tax hike set to rise in less than a month, the government must make sure the hike doesn't lead to unfair transaction practices between large firms and their subcontractors and suppliers.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Mar 1, 2014
Fat men frolic, Jews to be treated equally, U.S. ambassador stabbed, new sales tax a headache
Twenty-five fat members of the House of Representatives with two Government delegates and two journalists, each of whom weighs more than 165 pounds (75 kg), sat at a dinner at the Fukuiro, Yanokura, Ryogoku, on Monday evening.
Japan Times
BUSINESS / Economy
Feb 24, 2014
'Abenomics' no help to breweries
While Prime Minister Shinzo Abe's policies help manufacturers such as Toyota Motor Corp. rack up record profits, challenges to his reforms are showing up in a more mundane spot: the outlook for beer.
South Korea couple beat same-sex barriers to parenthood
South Korean lesbian couple Kim Kyu-jin (left) and her wife, Kim Sae-yeon, pose with a "pregnant woman" badge during an interview in Seoul last month.
Japan unveils new overtourism countermeasures
The majority of tourists in Japan tend to stay in Tokyo, Osaka or Kyoto, resulting in overcrowding in popular tourist spots and a strain on transportation systems.
Opportunities await the bold in the Year of the Wood Dragon
2024 marks the Year of the Dragon in the Chinese zodiac, with the year predicted to be a good time for fresh starts.
Don’t worry about global population collapse
Most projections show the world will hit peak humanity in the 21st century as people choose to have smaller families and women gain power over their own reproduction.
Japan pharma startup developing world-first drug to grow new teeth
A new tooth is seen in a ferret's mouth after it was administered a drug to stimulate the growth of tooth buds.
Can AI-generated inventions be patented? A Tokyo court says no.
The Tokyo court's ruling comes amid ongoing debates on how to regulate generative AI and is part of a transnational class action lawsuit.
A new initiative rethinks old Tohoku crafts
The colored patterns of Tsuguru "nuri," made in Aomori Prefecture, are achieved by applying multiple coatings of lacquer, which are later polished down to reveal layers of colors beneath.
Xi and Putin mark ‘new era’ amid efforts to counter U.S. ‘containment’
Russian President Vladimir Putin and Chinese President Xi Jinping attend an event in Beijing on Thursday. During Putin's visit, the leaders showed off their growing alignment amid efforts to push back against the U.S.-led world order.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.

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