Japan household spending fell 4.8% in warm December, weighed down by tax hike
Household spending fell for the third straight month in December on the continued impact of October's consumption tax hike together with sluggish demand for winter items due to warm temperatures, government data showed Friday. Spending by households with two or more people dropped 4.8 percent ...
Japanese firms preparing for prolonged economic hit from coronavirus outbreak
Japanese companies that do business in China are starting to consider measures to cope with the possibility of a prolonged coronavirus outbreak. The spread of the new strain of coronavirus, originating in the Chinese city of Wuhan, has limited the movement of goods and people ...
Household spending fell for a second straight month in November and by more than forecast, according to data released Friday by the Ministry of Internal Affairs and Communications, suggesting that a higher sales tax may weigh on private consumption for some time. The world's third-largest ...
Japan's inflation up 0.5% in November, as tax boosts cost of dining out
Core consumer prices rose 0.5 percent in November from a year earlier, affected by the consumption tax hike that increased the cost of dining out, but the pace of inflation remained far below the Bank of Japan's 2 percent target, government data showed Friday. The ...
Japan's economy grew much faster in third quarter than first estimated
The expansion was propelled by capital investment and individual consumption ahead of the Oct. 1 consumption tax hike.
Japan to allow tax-free shopping at vending machines that recognize faces and passports
The government and ruling coalition are planning to allow tax-free shopping for purchases at specific vending machines in a bid to spur spending by foreign tourists, sources said Wednesday. Currently, the authorities only grant the tax-free status to shops that sell over-the-counter goods because of ...
China's consumer prices grew at their fastest rate in almost eight years in October driven by a spike in pork prices caused by an outbreak of African swine fever, according to official figures released Saturday. The consumer price index (CPI) — a key gauge of ...
Household spending rose at a record year-on-year pace before Japan's October tax hike
Japan's household spending increased at the fastest pace on record in September, boosted by last-minute buying ahead of a consumption tax hike starting Oct. 1, government data showed Friday. Spending by households with two or more people rose 9.5 percent in real terms to ¥300,609 ...
Japan retail sales grew at fastest pace since 2014 ahead of tax hike, but outlook murky
Japanese retail sales grew at the strongest pace in 5½ years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months. The Oct. 1 increase in ...
Japan's inflation slows to 29-month low in September on falling oil prices
Japan's core consumer prices rose 0.3 percent in September from a year earlier, with the pace of growth slowing to a 29-month low due to lower crude oil prices, government data showed Friday. The nationwide core consumer price index, which excludes volatile fresh food prices, ...
Japan's government pledges to act swiftly if economy slows after tax hike
The government has pledged that it will act swiftly, with steps that could include compiling stimulus measures, if the domestic economy shows signs of a slowdown following the recent consumption tax hike. At a meeting Thursday of the Council on Economic and Fiscal Policy, headed ...
China's 'Golden Week' consumer spending offers weakening economy rare respite
Spending on retail goods and dining during China's week-long National Day holidays returned to growth this year, offering unexpected respite to an economy that has been expanding at its weakest pace in almost three decades. The "Golden Week" break, which started with National Day on ...
