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July 05, 2025
 

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CONSUMPTION TAX

Japan Times
COMMENTARY / World / SENTAKU MAGAZINE
Sep 14, 2014
Next consumption tax raise painting Abe into a corner
Ever since the Cabinet Office released preliminary figures last month that showed an annualized 6.8 percent decline in first-quarter GDP, a war of nerves has flared up between the prime minister's office and the Finance Ministry. The next consumption tax hike could be delayed.
BUSINESS / Economy
Sep 11, 2014
BOJ adviser Kawai urges Abe to proceed with second tax hike
The Abe administration should proceed with the next consumption tax hike as planned to signal it is serious about reining in the world's biggest debt burden, an adviser to Bank of Japan Gov. Haruhiko Kuroda said.
BUSINESS / Economy
Sep 5, 2014
Economic safeguards again in works for next tax hike, Amari says
The government plans to have steps in place to protect the economy if it decides to complete the doubling of the consumption tax to 10 percent in October 2015, reappointed economy minister Akira Amari said Friday.
Japan Times
JAPAN
Sep 4, 2014
First lady Akie Abe speaks out ahead of consumption tax decision
First Lady Akie Abe said Thursday her husband's administration should consider cutting wasteful spending and boosting the economy before going ahead with a rise in the consumption tax to 10 percent.
BUSINESS / Economy
Sep 1, 2014
Auto sales fall to lowest in three years on sales tax hike
Auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping following the April 1 consumption tax increase.
Japan Times
COMMUNITY / How-tos / LIFELINES
Aug 17, 2014
From 2015, you may not have to work 25 years to draw a pension
The period you have to pay into the system to be eligible to draw a pension is supposed to be cut down to 10 years in October 2015, but this is inextricably linked to a planned consumption tax hike.
BUSINESS / Economy
Aug 13, 2014
Japan's economy suffers biggest decline since 2011 as tax hike bites
The Japanese economy suffered its biggest contraction since the March 2011 earthquake in the second quarter of this year as the hike in sales tax to 8 from 5 percent took a heavy toll on household spending, stoking fears that any rebound may be too modest to sustain a solid recovery.
Japan Times
BUSINESS / YEN FOR LIVING
Aug 2, 2014
Inflation Watch: Food manufacturers offering less
Food companies know that consumers are now sensitive to price increases and use an old solution
BUSINESS / Companies
Jul 25, 2014
LVMH profit trails estimates as Japan tax hike hits fashion biz
LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods.
JAPAN / EXPLAINER
Jul 21, 2014
Selective consumption tax weighed
It's only been three months since the consumption tax was hiked to 8 percent, but the ruling coalition is already expediting talks on another increase scheduled to come into effect in October next year.
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.
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.
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
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
Apr 8, 2014
BOJ stays policy course, aware of sales tax hike hit
The Bank of Japan on Tuesday left its ultra-loose monetary policy unchanged, while acknowledging the consumption tax hike introduced this month will have a negative impact on the economy.
Japan Times
JAPAN / Media / MEDIA MIX
Apr 5, 2014
Fallout from the tax rise may hit in surprising ways
Prior to the consumption tax increase last Tuesday, from 5 percent to 8 percent, Japanese consumers were spending to beat the band. The local business magazine Economist (not to be confused with the English language newsweekly) reports that ¥4 trillion was spent on goods and services in recent months...
Japan Times
BUSINESS / Economy
Apr 4, 2014
Abe may reduce tax benefits for women
Prime Minister Shinzo Abe's reflation campaign last year helped draw the most women to work since 1991. He now plans to add a stick to that carrot, scaling back tax benefits for spouses with limited earnings.
EDITORIALS
Apr 2, 2014
Tax hike alone won't cure fiscal ills
The consumption tax hike alone won't resolve the nation's fiscal and social security woes. It needs to be matched by efforts to rein in government spending.
BUSINESS
Apr 1, 2014
Banks see economy withstanding sales tax increase
The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Japan to require flight passengers to keep power banks within sight
The transport ministry has announced new regulations requiring flight passengers to keep power banks within sight to mitigate fire risks while on board planes.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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