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May 18, 2024
 

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_CONSUMPTION TAX

Japan Times
BUSINESS / Economy / ANALYSIS
Jul 5, 2018
Government tax revenues near historical high in FY 2017, belying Japan's precarious economic balancing act
Some economists see the upcoming 2019 consumption tax increase as a potential step toward repeating mistakes of the past.
EDITORIALS
May 24, 2018
Japan's daunting long-term social welfare costs
Discussions must start now on making sure the social welfare system can meet Japan's future needs.
Japan Times
BUSINESS
May 1, 2018
Countermeasures could cut impact of tax hike on households by ¥2.2 trillion: Bank of Japan
The financial impact on households of a planned October 2019 consumption tax hike could be reduced to ¥2.2 trillion if the government implements countermeasures, including lower tax rates for certain food items, according to the Bank of Japan's recent estimate.
Japan Times
BUSINESS / Economy
Apr 13, 2018
Japan to study measures to mitigate impact of 2019 sales tax hike
The government will examine steps to soften the impact of a consumption tax hike to be applied next year after a previous increase dampened consumption, the top government spokesman said Friday.
Japan Times
BUSINESS / Economy
Mar 22, 2018
74% of Japanese firms want BOJ to exit stimulus but see no tightening till 2019 or beyond: poll
Three-quarters of Japanese companies say the Bank of Japan needs to exit from its supereasy monetary policy but most do not see that happening until next year or beyond, a poll found.
Japan Times
JAPAN
Mar 19, 2018
Golden bras put three Taiwan women behind bars
Three Taiwanese women have been arrested for allegedly attempting to smuggle about ¥50 million ($470,000) worth of gold into Japan through their bras, the police said Monday.
Japan Times
BUSINESS / Economy
Jan 23, 2018
Japanese companies expect strong run of economic growth but are more wary than market estimates
Nearly three-quarters of companies expect the economy to keep expanding at least another year, extending an already strong run, although they were not as bullish as market estimates, according to a Reuters poll.
Japan Times
JAPAN
Oct 25, 2017
Japan eyes tobacco tax hike to cover revenue shortfall after consumption levy is raised
To make up for the loss of revenue when levies on certain necessities are lowered when the consumption tax is raised, the government may hike the tobacco tax, sources said Tuesday.
Japan Times
JAPAN / Politics
Oct 19, 2017
Voters in Abe's heartland fear future sales tax hike as they struggle with stagnant wages
Chiyoko Yamamoto works in one of the best regions in Japan — a place with one of the lowest rates of unemployment, a growing economy, and the highest level of female employment in the country.
BUSINESS / Economy
Oct 6, 2017
Planned sales tax hike may be delayed if economy worsens to pre-2012 levels: Suga
Chief Cabinet Secretary Yoshihide Suga says Japan will not go ahead with a consumption tax hike planned for October 2019 if the economy deteriorates to levels seen before Shinzo Abe returned to the prime ministership in late 2012.
Japan Times
BUSINESS
Sep 27, 2017
Japan's biz leaders push for raising sales tax beyond 10%
Business leaders have called on the government to raise the consumption tax to more than 10 percent while maintaining its determination to promote fiscal responsibility.
Japan Times
BUSINESS
Sep 27, 2017
Sales tax to be hiked in 2019 unless disaster strikes, Abe says
Prime Minister Shinzo Abe has reiterated his government's plan to hike the consumption tax to 10 percent from the current 8 percent in October 2019 unless a setback such as a major financial crisis or massive earthquake occurs.
Japan Times
BUSINESS
Sep 26, 2017
Abe trots out tax hike issue again before snap election to boost LDP chances
The controversy over increasing the consumption tax won't be unfamiliar to those who follow modern Japanese politics, as earlier proposals have proven unpopular with voters throughout the postwar years and have even doomed previous administrations.
Japan Times
JAPAN / Politics
Sep 25, 2017
Abe gambles on snap election as Koike surprises with new party
Prime Minister Shinzo Abe confirms he will call a snap election on Thursday and Tokyo Gov. Yuriko Koike launches a new political party to take him on.
Japan Times
JAPAN / Politics
Sep 25, 2017
After planned sales tax rise in 2019, government eyes using ¥2 trillion a year to support child-rearing
The government eyes using nearly u00a52 trillion per year from the planned 2019 consumption tax hike to support child-rearing.
Japan Times
JAPAN / Politics
Sep 21, 2017
Abe calls for shift of social security benefits to working generation
Prime Minister Shinzo Abe has expressed willingness to shift social security benefits — currently aimed primarily at retirees — to the working generation in a move toward a system for "all generations."
Japan Times
JAPAN / Politics
Sep 19, 2017
Abe eyes tax revenue for child-rearing support in election platform
Social security reform is expected to be a key policy for the ruling LDP if Prime Minister Abe calls a snap Lower House election in October.
Japan Times
BUSINESS
Aug 25, 2017
For Japan's economy, now is the time to raise sales tax, tackle debt, says business lobby
Japan's current run of economic growth provides a now-or-never opportunity to tackle the nation's debt and forge ahead with plans to increase the sales tax, said Yoshimitsu Kobayashi, chairman of the Japan Association of Corporate Executives (Keizai Doyukai).
Japan Times
JAPAN / Politics
Aug 5, 2017
Abe reaffirms plan to complete doubling of consumption tax in 2019
Prime Minister Shinzo Abe says his government remains committed to a plan to complete the doubling of the consumption tax to 10 percent in 2019.
Japan Times
BUSINESS
Jun 9, 2017
Japan's latest economic road map focuses on investment in human resources, retains fiscal goal
The government endorsed a plan Friday to prioritize investment in human resource development to buttress Japan's economic growth and improve its tattered finances.
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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