Japan points program to mitigate consumption fall ends Tuesday

Business Jun 30, 2020

Japan points program to mitigate consumption fall ends Tuesday

The government's shopping point reward program for promoting cashless payments, which appears to have had only a limited impact on consumption, is ending Tuesday. The program was introduced last year to mitigate the impact on spending of the October consumption tax hike from 8 percent ...

Business mood in Japan plunges to decade lows on coronavirus woes

Business Mar 17, 2020

Business mood in Japan plunges to decade lows on coronavirus woes

Business confidence plunged to decade lows in March as the spreading coronavirus outbreak stoked fears of a global recession and sent stock markets tumbling, according to the Reuters Tankan survey. The monthly poll, released Tuesday, suggests that the Bank of Japan's tankan quarterly survey due ...

Tax cut emerging as option in Japan to combat coronavirus impact

Business / Economy Mar 17, 2020

Tax cut emerging as option in Japan to combat coronavirus impact

The government will consider various measures, including tax cuts, to deal with deepening financial damage from the coronavirus outbreak, economy minister Yasutoshi Nishimura said Tuesday amid growing debate on the possibility of cutting the consumption tax. A group of ruling party lawmakers proposed last week ...

Japanese household spending wilts 3.9% after warm January

Business / Economy Mar 6, 2020

Japanese household spending wilts 3.9% after warm January

Household spending fell 3.9 percent in January from the previous year as warm weather dented sales of winter equipment and goods, government data showed Friday. The monthly drop was the fourth in a row. Spending by households with two or more people totaled ¥287,173 in real ...