Tag - consumption-tax

 
 

CONSUMPTION TAX

Prime Minister Fumio Kishida at the Liberal Democratic Party headquarters on Tuesday in Tokyo
BUSINESS / Economy / FOCUS
Oct 12, 2023
Why are ruling party lawmakers calling for tax cuts?
As the prime minister prepares for a new economic stimulus package, it's members of his own party who are raising a fuss.
Japan Times
JAPAN
Jun 1, 2023
Japan's fiscal 2022 tax revenue likely hit record, may reach ¥70 trillion
The rising trend reflects an increase in consumption tax revenue amid the rising prices of goods.
Japan Times
JAPAN
May 23, 2023
Japan considers revamping tax-free shopping rule to stem illicit resales
In Japan, travelers are exempted from paying the consumption tax when purchasing goods totaling ¥5,000 or more as long as they intend to use the items in their home countries.
Japan Times
JAPAN / Politics
Jan 24, 2023
Kishida's focus on child care leads to speculation over sales tax hike
Many fear a consumption tax hike could drag down business and household spending, hampering economic growth.
Japan Times
JAPAN / Politics
Jan 8, 2023
Kishida's plan to combat Japan's low birthrate stirs talk of sales tax hike
The prime minister's plan to double the budget for children's policies has sparked controversy in the LDP, as questions remain over how to secure the needed funds.
Japan Times
JAPAN
Jan 6, 2023
Japan set to outline new measures to promote child rearing in March
Kishida aims to double the government's budget earmarked for addressing child rearing issues in the country as declining birthrates continue to beleaguer Japanese society.
Japan Times
JAPAN
Jul 12, 2022
Political heavyweight and former Finance Minister Hirohisa Fujii dies at 90
A native of Tokyo, the former opposition Democratic Party of Japan secretary-general was known as a strong advocate of raising consumption tax to support Japan's graying population.
Japan Times
JAPAN / Politics / FOCUS
Jul 3, 2022
Japan's opposition parties target consumption tax as debate heats up
As prices soar ahead of the July 10 Upper House election, all major opposition parties are calling for cutting or abolishing the tax, while the ruling bloc is vowing to maintain it.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Apr 3, 2022
Japan Times 1972: Paper tells story behind secrets leak
A British royal visits Japan in a flurry of celebration in 1922, while 50 years ago the Japanese press followed a story involving the Mainichi newspaper and press freedom.
Japan Times
BUSINESS
Dec 15, 2021
Japan estimates record ¥65 trillion tax revenue in fiscal 2022
The government has also revised upward its estimate on tax revenue for fiscal 2021 by u00a56.43 trillion to u00a563.88 trillion.
Japan Times
BUSINESS / Economy
Oct 8, 2021
New Japanese finance chief faces dilemma: Spend more or repair fiscal health
Finance Minister Shunichi Suzuki will be forced to balance Kishida's spending plans with the nation's poor fiscal health.
Japan Times
BUSINESS / Economy
Nov 6, 2020
September household spending down 10.2%, affected by 2019 tax hike
The monthly drop was the sharpest since the 16.2% plunge logged in May, the largest decrease since comparable data became available in January 2001.
Japan Times
JAPAN
Sep 11, 2020
Suga, top contender to succeed PM Abe, hints at consumption tax hike
Sales tax was raised from 8 percent to 10 percent in October, but Suga says Japan's graying population could warrant a further rise.
Japan Times
JAPAN
Sep 5, 2020
Suga signals his focus as PM would be on protecting jobs, but rules out sales tax cut
Chief Cabinet Secretary Yoshihide Suga said on Saturday the next prime minister must continue to protect companies and jobs, mainly through payouts and loans, to cushion the economic blow from the coronavirus pandemic.
Japan Times
BUSINESS
Aug 7, 2020
Japanese lawmaker wants sales tax ditched as coronavirus weighs heavily on economy
Hiroshi Ando said the raising of the sales tax rate to 10 percent last October was a mistake because the economy was already in a downturn.
Japan Times
BUSINESS
Mar 21, 2020
Tax agency bureaus in Japan on high alert for rise in consumption tax fraud
Tax authorities are preparing to act against a possible increase in abuses of a rule that exempts export transactions from sales levies following October's consumption tax hike from 8 percent to 10 percent.
Japan Times
BUSINESS / Economy / ANALYSIS
Mar 18, 2020
To aid virus-hit Japan economy, look after firms and jobs first, say experts
With the novel coronavirus shaking up the global economy, the Japanese government is scrambling for countermeasures to cushion the economic fallout.
Japan Times
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.
Japan Times
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.
Japan Times
BUSINESS / Economy
Mar 15, 2020
Japanese Cabinet minister says virus may be worse for economy than 2008 financial crisis
The effect of the new coronavirus on the economy could be worse than the 2008 financial crisis, economic revitalization minister Yasutoshi Nishimura said.

Longform

People wait for the main act to begin at Summer Sonic, which holds simultaneous music festivals for those in Tokyo and Osaka.
Can Japan's summer music festivals adapt to a post-pandemic reality?