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August 31, 2025
 

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CONSUMPTION TAX

Japan Times
JAPAN / YEN FOR LIVING
Nov 9, 2018
Effort to nudge Japan to go cashless with offsets to sales tax hike faces many hurdles
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. The tax hike has already been postponed twice owing to jitters over how it might affect consumption. The last consumption tax increase,...
JAPAN / EXPLAINER
Nov 5, 2018
To what extent will Japan's 2014 downturn repeat with the new tax hike?
The wallets of Japanese residents may get a little lighter next year, as the prices of most goods and services are set to rise under a new consumption tax system starting in October 2019.
Japan Times
BUSINESS / Economy
Oct 29, 2018
Analysts predict Bank of Japan will maintain policy stance with focus growing on 10-year yield range
At meetings scheduled for this week, the Bank of Japan will maintain its policy settings, according to economists surveyed by Bloomberg, amid a growing view that the BOJ will eventually use greater flexibility in yield movements as a tightening measure.
BUSINESS / Economy
Oct 27, 2018
Japan to skip planned tax hike for capital gains and dividends
The tax panels of the ruling parties have decided to skip a tax hike for capital gains and dividends in reforms for fiscal 2019, sources have said.
Japan Times
COMMENTARY / Japan
Oct 26, 2018
Three odd points about Abe's tax hike
Raising the consumption tax could once again hurt the economy more than help it.
JAPAN / Politics
Oct 24, 2018
Abe underscores push to clean up Japan's postwar diplomatic rows in opening speech to Diet
The prime minister emphasized his determination to ensure the return of citizens abducted by North Korean agents and the signing of a peace treaty with Russia.
EDITORIALS
Oct 17, 2018
What next after the consumption tax goes to 10%?
Doubts persist as to whether the hike will cover the mushrooming social security costs of the rapidly aging population.
Japan Times
BUSINESS / FOCUS
Oct 2, 2018
With just a year to go, Japan's businesses worry about complexities of forthcoming consumption tax rates
With the Abe government planning to raise the consumption tax rate to 10 percent from 8 percent on Oct. 1 next year, businesses are worried about the extra burden of a consumer-friendly relief measure.
BUSINESS / Economy / ANALYSIS
Jul 5, 2018
Government tax revenues near historical high in FY 2017, belying Japan's precarious economic balancing act
Some economists see the upcoming 2019 consumption tax increase as a potential step toward repeating mistakes of the past.
EDITORIALS
May 24, 2018
Japan's daunting long-term social welfare costs
Discussions must start now on making sure the social welfare system can meet Japan's future needs.
Japan Times
BUSINESS
May 1, 2018
Countermeasures could cut impact of tax hike on households by ¥2.2 trillion: Bank of Japan
The financial impact on households of a planned October 2019 consumption tax hike could be reduced to ¥2.2 trillion if the government implements countermeasures, including lower tax rates for certain food items, according to the Bank of Japan's recent estimate.
Japan Times
BUSINESS / Economy
Mar 22, 2018
74% of Japanese firms want BOJ to exit stimulus but see no tightening till 2019 or beyond: poll
Three-quarters of Japanese companies say the Bank of Japan needs to exit from its supereasy monetary policy but most do not see that happening until next year or beyond, a poll found.
Japan Times
BUSINESS / Economy
Jan 23, 2018
Japanese companies expect strong run of economic growth but are more wary than market estimates
Nearly three-quarters of companies expect the economy to keep expanding at least another year, extending an already strong run, although they were not as bullish as market estimates, according to a Reuters poll.
Japan Times
JAPAN / Politics
Oct 19, 2017
Voters in Abe's heartland fear future sales tax hike as they struggle with stagnant wages
Chiyoko Yamamoto works in one of the best regions in Japan — a place with one of the lowest rates of unemployment, a growing economy, and the highest level of female employment in the country.
Japan Times
BUSINESS
Sep 27, 2017
Japan's biz leaders push for raising sales tax beyond 10%
Business leaders have called on the government to raise the consumption tax to more than 10 percent while maintaining its determination to promote fiscal responsibility.
BUSINESS
Sep 26, 2017
Abe trots out tax hike issue again before snap election to boost LDP chances
The controversy over increasing the consumption tax won't be unfamiliar to those who follow modern Japanese politics, as earlier proposals have proven unpopular with voters throughout the postwar years and have even doomed previous administrations.
JAPAN / Politics
Sep 25, 2017
Abe gambles on snap election as Koike surprises with new party
Prime Minister Shinzo Abe confirms he will call a snap election on Thursday and Tokyo Gov. Yuriko Koike launches a new political party to take him on.
Japan Times
BUSINESS
Aug 25, 2017
For Japan's economy, now is the time to raise sales tax, tackle debt, says business lobby
Japan's current run of economic growth provides a now-or-never opportunity to tackle the nation's debt and forge ahead with plans to increase the sales tax, said Yoshimitsu Kobayashi, chairman of the Japan Association of Corporate Executives (Keizai Doyukai).
BUSINESS / Economy
Mar 14, 2017
Nobel economist's ideas seen giving justification to delay Japan's consumption tax hike
Prime Minister Shinzo Abe's administration has a habit of co-opting Nobel Prize-winning economists when it lays the groundwork for contentious policy decisions.
Japan Times
COMMENTARY / Japan
Jul 17, 2016
How to stimulate demand
The true value of flexible fiscal policy lies in stimulating domestic demand through meaningful fiscal spending while at the same time ensuring restoration of fiscal health.
Philippine bid to acquire used Japanese warships gains steam
Tokyo is looking to transfer Abukuma-class vessels to the Philippines as part of broader efforts to boost the defense capabilities of like-minded neighbors amid growing Chinese military assertiveness in the region.
Japan to launch broad review of immigration policies amid rise in foreign nationals
Foreign tourists at Narita Airport in June. A report released Friday stresses that Japan is at a turning point and that current ad-hoc measures on immigration are no longer sufficient.
Top Japan trade negotiator canceled U.S. trip over rice, report says
Ryosei Akazawa
Most Japanese teens struggling with school find end of summer ‘painful’
Some 93.1% of Japanese teenagers who struggle with school life said they felt like they “wanted to disappear from the world" at the end of summer vacation ahead of the start of a new term, according to a recent survey released by Yokohama-based nonprofit Daisan Kazoku.
Most Trump tariffs are not legal, U.S. appeals court rules
Workers hang a large poster of U.S. President Donald Trump on the facade of the Department of Labor headquarters building in Washington on Wednesday.
Japan to launch broad review of immigration policies amid rise in foreign nationals
Foreign tourists at Narita Airport in June. A report released Friday stresses that Japan is at a turning point and that current ad-hoc measures on immigration are no longer sufficient.
Japan is warming up to tattoos — just not permanent ones
Tattoos have a complex history in Japan, but new types of temporary ink are letting locals curious about body art experiment without the commitment.
YouTube Music Weekend is where Japan’s internet-born performers go global
Headlining the second day of YouTube Music Weekend is Vocaloid artist Kikuo, who, with 1.46 million YouTube subscribers, is one of the most popular artists in the genre.
Japan looks to build drone ‘shield’ in record defense budget request
A group of Ground Self-Defense Force service members discuss drone operations and capabilities at a joint static display during the Orient Shield 24 opening ceremony at the Yausubetsu Training Area in Hokkaido in July last year.
Can anime carry the memories of World War II?
Many schools in Japan show "Grave of the Fireflies" as educational material to tell the emotionally grueling story of a boy who has no means to prevent his sister from starving to death.

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