Tag - consumption-tax

 
 

CONSUMPTION TAX

BUSINESS
Oct 25, 2019
Japan's supermarket sales rose 2.8% in September before tax hike
Supermarket sales rose 2.8 percent by value in September from a year earlier on a same-store basis, up for the first time in six months owing to a rush of demand before the Oct. 1 consumption tax hike, an industry body said Thursday.
Japan Times
COMMUNITY / Voices / FOREIGN AGENDA
Oct 13, 2019
Land of the rising tax: A 2 percent hike brings 100 percent confusion
Eat in or take out? Use cash or card? There are several ways to get around a recent tax hike, but not everyone can take advantage of them.
Japan Times
JAPAN / Media / BIG IN JAPAN
Oct 12, 2019
Consumers look for ways to blunt impact of consumption tax hike
Japan's consumption tax on goods and services has arguably been unpopular from the get-go. Introduced at 3 percent in 1989 as a means of improving public finances, the rate was raised to 5 percent in 1997, 8 percent in 2014 and, from Oct. 1 of this year, to 10 percent.
Japan Times
BUSINESS
Oct 12, 2019
Japan's tax hike-related reward points total ¥6 billion in first week
The industry ministry said Friday that the total amount of reward points related to a recent tax increase given through a state-funded program, introduced Oct. 1, reached some ¥6 billion in the first week through Monday.
Japan Times
COMMENTARY / Japan
Oct 11, 2019
The consumption tax hike delays painful spending reforms
Kicking the can down the road on social security reform should not be a policy option.
Japan Times
BUSINESS / Economy
Oct 11, 2019
Japan's government pledges to act swiftly if economy slows after tax hike
The government has pledged that it will act swiftly, with steps that could include compiling stimulus measures, if the domestic economy shows signs of a slowdown following the recent consumption tax hike.
Japan Times
BUSINESS / Economy
Oct 11, 2019
Japan Inc. sees 'Abenomics' sputtering and sales tax hike hurting economy, poll shows
Japanese companies overwhelmingly think the nation's longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe to hurt the economy, a Reuters poll showed on Friday.
Japan Times
BUSINESS / Economy
Oct 8, 2019
Japan's household spending rises for ninth month but wages fall
Household spending rose for the ninth straight month in August, offering some relief for Japan's export-dependent economy amid weak global demand and the protracted U.S.-China trade war.
Japan Times
BUSINESS
Oct 7, 2019
Yokohama Chinatown joins e-payment rebate push to entice more tourists
Restaurants and shops in Yokohama Chinatown hope government relief measures for businesses introduced with the Oct. 1 consumption tax hike will help bring in new customers.
BUSINESS / Economy
Oct 7, 2019
Japan downgrades economy assessment to 'worsening' for first time in four months
The government on Monday downgraded its assessment of the economy for August, saying it is "worsening" after being hit by sluggish production and exports due partly to lingering U.S.-China trade tensions.
Japan Times
JAPAN / Politics
Oct 6, 2019
Abe Cabinet support rate falls to 53% after tax hike: poll
Following the recent consumption tax hike, a poll showed the approval rating for Prime Minister Shinzo Abe's Cabinet has fallen 2.4 percentage points to 53.0 percent from the previous one in September.
COMMUNITY / Voices / OVERHEARD
Oct 5, 2019
A contemporary yes man
'Does the consumption tax hike mean I'm going to get another stock question every time I buy something from a convenience store?'
Japan Times
BUSINESS / Economy
Oct 4, 2019
Japan Finance Minister Taro Aso plays down need for stimulus after tax hike
Finance Minister Taro Aso on Friday dismissed the need to boost fiscal stimulus to counter the impact of the consumption tax hike, despite expectations the government and the Bank of Japan may act to reduce pressure on the world's third-largest economy.
Japan Times
BUSINESS / Economy
Oct 2, 2019
Tax hike to heat up battle among Japan's restaurants to keep customers
The consumption tax hike has brought the restaurant industry — already grappling with shortages of labor and rising costs of materials — yet another challenge in keeping customers and attracting new ones.
Japan Times
JAPAN / Politics / FOCUS
Oct 2, 2019
Japan's opposition parties struggle to stay on message over consumption tax
Major opposition parties are wary of smaller peers' calls for the rate to be lowered back to 5 percent, although they are largely unified in opposition to the 10 percent rate.
Japan Times
BUSINESS
Oct 1, 2019
Japan seen as unlikely to achieve fiscal consolidation target despite tax hike
The government is unlikely to meet its fiscal consolidation target even with the hike of the consumption tax rate from 8 percent to 10 percent on Tuesday.
Japan Times
BUSINESS / Companies
Oct 1, 2019
Sales at Japan's major department stores jumped before tax hike
The nation's four major department store chains saw double-digit growth in their sales in September from a year earlier as consumers hurried to buy luxury items before the consumption tax hike to 10 percent from 8 percent, their monthly reports showed Tuesday.
Japan Times
COMMENTARY / World
Oct 1, 2019
Tax hike comes at an inauspicious time
An increase in the consumption levy is the last thing Japan's economy needs.
Japan Times
BUSINESS
Oct 1, 2019
'I can barely make ends meet': Low-income families in Japan fret over tax hike
The consumption tax hike to 10 percent Tuesday has left low-income households already struggling to make ends meet worrying about how to cope with the higher cost of living.
Japan Times
BUSINESS
Oct 1, 2019
Japan's consumers and workers struggle to adjust on first day of consumption tax hike
Under a system intended to lighten the burden on low income households, tax rates for foods vary depending on where items are consumed, causing confusion for many.

Longform

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