Tag - consumption-tax-3

 
 

CONSUMPTION TAX 3

Japan Times
BUSINESS / Economy
Feb 25, 2020
History repeats as consumption tax hike pushes Japan toward recession
Housewife Matsuko Mitsui had been meaning to buy a new air conditioner for years, but it took the looming consumption tax hike in October to spur the 64-year-old to finally make the purchase.
Japan Times
COMMENTARY / Japan
Feb 18, 2020
Take COVID-19, add a trade war and raise taxes: A recipe for disaster
Japan is facing a trifecta of challenges with severe economic consequences.
Japan Times
BUSINESS / Economy / FOCUS
Feb 18, 2020
Fear grows that coronavirus will push Japan into recession
With Japan taking a hit from the unabated outbreak of the coronavirus soon after a plunge in its economic performance in the last quarter of 2019, some fear the country may be on the brink of recession.
Japan Times
BUSINESS / Economy
Feb 17, 2020
Japan recession fears grow as GDP shrinks at 6.3% rate with COVID-19 hit to come
The contraction in the annualized gross domestic product for October-December was the worst in five quarters.
Japan Times
BUSINESS / Economy
Feb 14, 2020
Even before COVID-19, Japan economy likely took biggest hit since 2014
Economists estimate the economy shrank at an annualized rate of 3.8 percent in the third quarter and that the virus will likely push Japan into recession.
Japan Times
JAPAN
Feb 11, 2020
IMF urges gradual consumption tax hike in rapidly graying Japan
The IMF said the tax would need to be lifted to 20 percent by 2050 to finance swelling costs due to an aging population.
Japan Times
BUSINESS / Economy
Feb 7, 2020
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.
Japan Times
BUSINESS / Economy
Feb 6, 2020
BOJ policymaker Takako Masai cautiously optimistic on global outlook despite coronavirus
Bank of Japan board member Takako Masai has said the global economy is on track for a rebound around mid-year as manufacturing activity picks up, signaling that risks such as the coronavirus outbreak do not warrant an immediate expansion of stimulus.
Japan Times
BUSINESS / Economy
Feb 4, 2020
Japan to see first drop in GDP in five quarters, estimates show
Japan's real gross domestic product is believed to have dropped for the first time in five quarters in the October-December period, partly due to the consumption tax hike taking a bite out of domestic demand, according to estimates by 10 think tanks.
Japan Times
BUSINESS
Feb 2, 2020
Most Japan consumers to continue cashless payments when rebate program ends: survey
Over 86 percent of Japanese consumers plan to continue making cashless purchases even after the government's points-based rebate system concludes in June, a recent study by a Tokyo-based marketing research company has shown.
Japan Times
BUSINESS / Economy
Jan 28, 2020
Japan's large appliance shipments hit 23-year high in 2019 due to tax hike
Large household appliance shipments in 2019 rose 2.7 percent from the previous year to ¥2.5 trillion, hitting the highest level since 1996, according to an industry group.
Japan Times
BUSINESS
Jan 24, 2020
Core consumer inflation ticked up in December, but remained far short of BOJ's 2% target
Core consumer prices rose in December from a year earlier, government data showed on Friday, climbing from the previous month, but inflation was still well short of the Bank of Japan's elusive 2 percent target.
Japan Times
BUSINESS
Jan 24, 2020
Japan's supermarket sales fell 1.8% in 2019 amid tax hike
Supermarket sales in 2019 fell 1.8 percent from the previous year on a same-store basis, down for the fourth consecutive year, affected by the consumption tax hike on Oct. 1 and unfavorable weather, an industry body said Thursday.
Japan Times
BUSINESS
Jan 21, 2020
Convenience store sales in Japan rose to record in 2019 on government steps to offset impact of tax hike
Convenience store sales rose 0.4 percent to a record level last year as the government's measures to spur consumer spending helped offset the impact of the consumption tax hike.
BUSINESS / Economy
Jan 14, 2020
Economy watcher sentiment rises in December on eased impact of Japan's tax hike
Business sentiment among workers with jobs sensitive to economic trends slightly improved in December as the negative impact from the consumption tax hike eased, government data showed Tuesday.
Japan Times
BUSINESS / Economy
Jan 7, 2020
Japan's services sector shrinks at fastest pace in over three years, PMI shows
The services sector saw its deepest contraction in more than three years in December as business activity took a hit from weak demand at home and abroad, a private survey showed Tuesday.
Japan Times
BUSINESS / Economy
Jan 3, 2020
Japan firms growing pessimistic about economy amid U.S.-China spat
Major Japanese companies are growing more pessimistic about the economy due to worries over prolonged U.S.-China trade tensions and last year's consumption tax hike, a Kyodo News survey showed Thursday.
Japan Times
JAPAN / Politics
Dec 30, 2019
How socialism and the left wing failed in Japan
Three decades ago, the fall of the Berlin Wall and the Malta Summit signified the end of the Cold War and the defeat of left-wing forces, including the socialists and communists.
EDITORIALS
Dec 23, 2019
Tax hike helps, but sustainable budget is the key
The government has to get more serious about maintaining a sustainable national budget.
Japan Times
BUSINESS / Economy
Dec 20, 2019
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.

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