Abe won't call for Lower House poll after delaying sales tax hike again
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 ...
LDP grandees fall into line on postponing second-stage tax hike
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, ...
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 ...
JCP releases campaign platform, vows to cancel consumption tax hike to 10%
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 ...
Abe consumption tax backfiring with more debt, not less
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 ...
Abe confirms postponing sales tax hike, calling Dec. 14 election
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 ...
DPJ will oppose tax hike to 10%, saying Abe failed to meet conditions
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.
Abe needs more stimulus to raise sales tax, adviser Itoh says
The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe. "The ...
