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May 18, 2024
 

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_CONSUMPTION TAX

BUSINESS / Economy
Sep 12, 2013
Abe to raise sales tax to 8% as scheduled
Prime Minister Abe has decided to proceed with the first stage of the consumption tax hike next April and throw in more stimulus to offset its impact.
BUSINESS / Economy
Sep 9, 2013
Japan's April-June real GDP growth upgraded to annual 3.8%
An upward revision to Japan's gross domestic product gives the government yet another favorable signal for raising the sales tax next April.
JAPAN
Sep 8, 2013
Government considers lowering bar for corporate tax break to spur pay raises
The government will consider lowering the bar for a tax cut for companies giving wage hikes to minimize any slowdown in consumption after the planned sales tax increase in April, sources close to the matter said Sunday.
Japan Times
BUSINESS / Economy
Sep 5, 2013
Failure to raise sales tax 'could hurt bond prices'
Bank of Japan Gov. Haruhiko Kuroda has urged the government to stick to its plan to raise the sales tax in April, saying Japanese government bond prices could collapse if it fails to do so, official sources said Wednesday.
BUSINESS / Economy
Sep 4, 2013
Japan can handle levy hike: 'Mr. Yen'
The nascent economic recovery is strong enough to weather an increase in the consumption tax to repair the government's finances, according to former senior Finance Ministry official Eisuke Sakakibara.
BUSINESS
Sep 3, 2013
Diet may discuss stimulus budget in early '14
The administration may submit an extra budget to the Diet early next year to stimulate the economy amid fears over the negative impact of the planned consumption tax hike in April, Finance Minister Taro Aso said Tuesday.
BUSINESS / Economy
Aug 31, 2013
Most on Abe's expert panel approve plan to hike sales tax
The government's expert panel on the planned consumption tax hike wrapped up discussions Saturday with more than 70 percent of its members supporting the plan as it now stands, saying Japan will suffer a much bigger economic blow if the tax isn't raised.
BUSINESS
Aug 30, 2013
Gov't to introduce tax breaks to realize growth strategy
As part of its growth strategy, the administration plans to introduce a set of tax breaks to encourage companies to purchase new equipment and help hospitals and inns make their buildings more resilient to earthquakes.
JAPAN
Aug 28, 2013
Opinions of experts in panel divided on planned sales tax hike
Opinion is divided over whether Prime Minister Shinzo Abe should proceed with a sales tax hike next year as planned, a Kyodo News poll of a government panel of experts showed Wednesday.
Japan Times
BUSINESS
Aug 28, 2013
Toyoda qualifies endorsement of consumption levy hike
Toyota Motor Corp. President Akio Toyoda on Wednesday threw his support behind the planned consumption tax increase but asked the government to adopt measures ensuring sustainable economic growth if Prime Minister Shinzo Abe goes ahead with the hike.
JAPAN
Aug 27, 2013
Abe adviser says sales tax hike should be delayed for a year
The government should postpone the planned sales tax hike next April by a year to ensure Japan's exit from deflation, a special adviser to Prime Minister Shinzo Abe said Tuesday.
BUSINESS / Economy
Aug 25, 2013
Tax hike debate expected to heat up
Debate on how the planned sales tax hike will affect the economy is expected to heat up when a government panel begins gathering expert opinions Monday.
Japan Times
BUSINESS
Aug 21, 2013
2% inflation target achievable even with tax hike: BOJ chief
The Bank of Japan will be able to achieve its 2 percent inflation target even if the sales tax is raised as scheduled next April, as the move is unlikely to stall the economy, BOJ Gov. Haruhiko Kuroda said Tuesday.
JAPAN / Politics
Aug 18, 2013
Adviser to Abe urges gradual raising of levy
Kyodo A special adviser to Prime Minister Shinzo Abe said Sunday the 3-point hike in the sales tax next April will cause a drastic decline in consumption and suggested that it instead be raised by 1 point a year for five years.
BUSINESS / Economy
Aug 18, 2013
67% of leading Japanese firms back sales tax hike to aid fiscal recovery
Around 67 percent of 111 leading companies believe the planned sales tax hike next April is necessary to help restore Japan's fiscal health, a survey showed Saturday.
EDITORIALS
Aug 15, 2013
Strong enough for a sales tax hike?
Japan's annualized GDP growth has topped 2 percent for two straight quarters. But is economic recovery strong enough to go ahead with sales tax hikes starting next April
BUSINESS / Economy
Aug 12, 2013
Japan's April-June GDP grows, affecting tax hike decision
The economy grew an annualized real 2.6 percent in the three months through June with consumption and exports recuperating, the government said Monday, possibly further swaying Prime Minister Shinzo Abe's fall decision on whether to raise the 5 percent sales tax to 8 percent next April.
BUSINESS / Economy
Aug 9, 2013
A first: Nation's debt tops ¥1 quadrillion
The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances.
EDITORIALS
Aug 8, 2013
Social welfare reforms
A government panel's report on social welfare reform includes many issues that must be resolved, including how to cut costs without compromising the quality of health care.
BUSINESS / Economy
Aug 8, 2013
Abe to consult experts on tax hike
Prime Minister Shinzo Abe will call for opinions from about 50 experts on the economy and finance before deciding on whether to go ahead with raising the consumption tax in April as planned, officials said Thursday, amid fears that the policy could retard the nascent economic recovery.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Japan passes bill to introduce 'blue ticket' fines for cyclists
A new system under which bicycle riders pay fines for minor traffic violations to escape criminal punishment is expected to be introduced in Japan no later than 2026.
Japan changes law to allow joint custody after divorce
Legislation that allows the option of joint custody of children after divorce is passed at the Upper House plenary session on Friday.
U.S. envoy to Japan makes landmark visit to front-line island near Taiwan
U.S. Ambassador to Japan Rahm Emanuel meets with members of the Self-Defense Forces stationed on Yonaguni, Okinawa Prefecture, on Friday.
Japan to review romanization system for first time in 70 years
An advisory panel to the education ministry will consider how the Japanese language should be transcribed into the Latin alphabet, including unifying different romanization styles currently in use.
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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