Business / Economy Feb 12, 2015

Japan to miss 2020 fiscal reform goal: Cabinet

Japan is set to miss its key fiscal rehabilitation goal in fiscal 2020, even if the doubling of the consumption tax is completed and the economy is on a solid recovery track, an estimate released by the Cabinet Office said Thursday. Prime Minister Shinzo Abe's ...

Business Jan 10, 2015

Brainstorming to begin on new fiscal reform plan

The government will start working on a new fiscal rehabilitation plan this month after Prime Minister Shinzo Abe gutted the previous one by pausing the doubling of the consumption tax last year, sources close to the matter said. The plan will again put emphasis on ...

Business Dec 2, 2014

Tax revenue may reach highest level in 17 years

Central government tax revenue may reach its highest level in 17 years in fiscal 2014 on the back of the April 1 consumption tax hike and growth in corporate and individual income tax receipts, Finance Ministry officials said. Tax revenue is estimated to total around ...