Prime Minister Shinzo Abe appears likely to forgo a House of Representatives election this summer over the planned postponement of a consumption tax increase from next year. In a meeting on Monday with Abe, Finance Minister Taro Aso told the prime minister he will accept ...
Despite their earlier opposition, top executives in the Liberal Democratic Party effectively endorse Abe's plan to shelve the planned second-stage hike of the unpopular consumption tax.
The government said Friday that tax revenue in fiscal 2014 climbed to ¥54.0 trillion ($438.4 billion), the highest since 1993, thanks to a jump in corporate tax receipts and the first stage of the doubling of the consumption tax. Revenue climbed 14.9 percent on year, ...
Industrial output rose a seasonally adjusted 1 percent in April from the previous month for the first increase in three months, the government said Friday, signaling that the world's third-largest economy may be starting to recover from last year's consumption tax hike. The index of ...
Japan's key composite index rose in December following a fall the previous month, the government said on Friday, suggesting the country's economy may have overcome the negative impact of the 3-percentage-point consumption tax hike to 8 percent last April. The December index of coincident indicators, ...
Wages for salaried workers adjusted for inflation dropped 2.8 percent in October, marking the 16th consecutive month of decline, government data showed Tuesday. Wages stood at ¥267,935 per worker, up 0.5 percent from a year earlier if the impact of consumer price hikes is excluded, ...
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 ...
The Japanese Communist Party has announced a set of campaign pledges for the Dec. 14 lower house election, promising to "cancel" the planned consumption tax hike and seek other ways to secure funds for social security. The party also took aim at Prime Minister Shinzo ...
What started as a plan to reduce the national debt is turning into a reason to issue more bonds. Prime Minister Shinzo Abe's administration implemented a higher consumption tax in April to boost revenue as government liabilities ballooned to ¥1 quadrillion ($8.5 trillion), more than ...
Prime Minister Shinzo Abe told his ruling coalition partner Monday that he will call a general election on Dec. 14 after announcing on Tuesday the postponement of the planned consumption tax hike, a coalition source said. By calling an election halfway into the Lower House's ...
Reversing its earlier stance, the Democratic Party of Japan, the largest opposition force, said Friday it will oppose the planned sales tax hike to 10 percent from 8 percent next October. DPJ Secretary-General Yukio Edano said at a press conference that Prime Minister Shinzo Abe ...
A major battle appears to be brewing between the office of Prime Minister Shinzo Abe and the Finance Ministry — the most powerful bureaucracy in Japan — over whether to raise the consumption tax from the current 8 percent to 10 percent next fall.
