Tag - consumption-tax

 
 

CONSUMPTION TAX

BUSINESS / Economy
Jul 20, 2014
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
BUSINESS / Economy
Jul 17, 2014
Abe seen needing 2% growth this quarter to hike sales tax again
Economic growth of 2 percent this quarter will be enough to allow Prime Minister Shinzo Abe to proceed next year with an increase in the consumption tax to 10 percent, a Bloomberg survey shows.
BUSINESS / Economy
Jul 11, 2014
Third-quarter growth may pave way for second stage of tax hike
The economy is likely to grow between July and September at a pace consistent with plans to complete the doubling of the consumption tax to 10 percent in October 2015, a government-affiliated nonprofit group said in a survey.
BUSINESS / Economy
Jul 10, 2014
Energy costs push wholesale prices up 4.6% in June
Wholesale prices climbed 4.6 percent in June from a year earlier, largely due to higher energy costs, the Bank of Japan said Thursday.
Japan Times
BUSINESS / Economy
Jul 10, 2014
May machinery orders plunge a record 19.5%
Japan's core private-sector machinery orders plunged by a record 19.5 percent in May, the government said Thursday, indicating the first consumption tax hike in 17 years on April 1 is affecting the economic outlook by discouraging companies from beefing up investment.
BUSINESS / Economy
Jul 7, 2014
Tax hike blurs economic outlook as indicators dip
An index of indicators used to predict future economic conditions fell in May for the fourth straight month May, with the first consumption tax hike in 17 years denting optimism, the government said Monday.
EDITORIALS
Jul 7, 2014
Getting multiple tax rates to fly
The ruling coalition parties are trying to decide whether to introduce a reduced consumption tax on some daily necessities when the current 8 percent rate rises to 10 percent in October 2015.
BUSINESS / Economy
Jul 7, 2014
BOJ sanguine on state of regional economies
The Bank of Japan said in a quarterly report Monday that the nation's nine regional economies are still robust despite downward pressure from the April 1 consumption tax hike.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Salarymen get a bit more to spend
Japanese wives are raising their husbands' allowances, but only enough to offset the April 1 tax hike as wages continue to languish.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Prices climb most in 32 years as wages limp along
Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited.
BUSINESS
Jun 25, 2014
Government won't set ceiling on fiscal 2015 budget requests
The government will not set a ceiling for budget requests for fiscal 2015, as a decision on whether to increase the consumption tax rate to 10 percent will not be made until the end of this year, a source said Tuesday.
BUSINESS / Economy
Jun 12, 2014
Machinery orders drop 9.1% in April after sales tax hike
Core private-sector machinery orders plunged a seasonally adjusted 9.1 percent in April compared with the previous month, with the first consumption tax hike in 17 years blurring the economic outlook, the government said Thursday.
Japan Times
BUSINESS / Economy
Jun 11, 2014
Stand firm on 10% sales tax, Noda warns Abe
Prime Minister Shinzo Abe risks triggering market turmoil should he fail to raise the consumption tax to 10 percent next year, his immediate predecessor warned.
Japan Times
BUSINESS / Economy
Jun 7, 2014
'Bad inflation' shadows Japan
Two months after the sales tax hike, Japan risks triggering 'bad inflation,' a toxic combination of declining demand and rising prices.
Japan Times
BUSINESS / Economy
May 15, 2014
GDP jumps to 5.9% on tax hike in first quarter
The Japanese economy climbed to its fastest pace since 2011 as companies invested more and consumers raced to beat the first tax hike in 17 years.
BUSINESS / Economy
May 5, 2014
Don't balk on next tax hike: IMF
Japan must finish doubling the consumption tax to 10 percent in 2015 or its sovereign debt market might collapse, a senior International Monetary Fund official warns.
Japan Times
BUSINESS / Economy
May 1, 2014
Sales at department stores, electronics chains plunge after tax hike
Sales at department stores, electronics shops and auto dealers sank in the first month after the April 1 consumption tax hike after spiking ahead of the deadline.
Japan Times
BUSINESS
Apr 22, 2014
Failure to up sales tax risks crash of JGBs: Sakakibara
The government should prioritize expanding its recent sales tax increase or risk an eventual collapse of sovereign bonds, former Finance Ministry official Eisuke Sakakibara said.
JAPAN
Apr 12, 2014
Spending unaffected by sales tax hike for over 60% of shoppers: poll
A survey showed Saturday that 63.7 percent of respondents are not refraining from spending despite the April 1 sales tax hike, while 34.8 percent said the rate's increase to 8 percent from 5 percent has restrained their spending to some extent.
BUSINESS / Economy
Apr 10, 2014
Lew urges Tokyo to prep for slowdown after tax hike
U.S. Treasury Secretary Jack Lew urged Japan Wednesday to compile another stimulus package or take other measures if signs of an economic slowdown emerge from the recent consumption tax hike.

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