Tag - consumption-tax

 
 

CONSUMPTION TAX

BUSINESS / Economy
Nov 23, 2019
Japan plans supplementary funding as cashless payment reward program takes off
The government is considering additional funding of more than ¥100 billion ($920 million) in the supplementary budget to finance a popular rewards program for shoppers making cashless payments, Jiji Press has learned.
BUSINESS
Nov 21, 2019
Japan's ruling bloc calls for ¥10 trillion to boost typhoon recovery and slowing growth
Analysts have doubts about the ability to spend such a large amount given the government debt.
Japan Times
BUSINESS / Economy
Nov 14, 2019
Japan's economy grinds to near standstill as U.S.-China trade war bites
Private consumption cooled from the previous quarter, casting doubt on the Bank of Japan's view that demand will offset the impact from intensifying global risks.
Japan Times
BUSINESS
Nov 8, 2019
Japanese businesses say impact of October's sales tax hike less painful than 2014
More than two-thirds of Japanese companies are feeling less pain from a sales tax increase last month than from the previous increase five years ago, which precipitated a recession, a Reuters poll has found.
Japan Times
BUSINESS
Nov 6, 2019
Despite Japan’s quest to go cashless, nation’s growing elderly population proves reluctant
Cash is king in Japan, and more so for the country's fast-aging population who are still deeply reluctant to give it up.
JAPAN / Politics
Nov 2, 2019
Abe eyes economic package to assist recovery from typhoons and offset tax hike
Prime Minister Shinzo Abe is ready to instruct his staff to draw up a package of measures in response to a recent spate of massive natural disasters and to rev up the nation's economy following the recent consumption tax hike.
Japan Times
BUSINESS / Economy
Oct 30, 2019
Japan retail sales grew at fastest pace since 2014 ahead of tax hike, but outlook murky
Japanese retail sales grew at the strongest pace in 5½ years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months.
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.
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.

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