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July 05, 2025
 

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CONSUMPTION TAX

Japan Times
COMMENTARY / Japan
Feb 18, 2020
Take COVID-19, add a trade war and raise taxes: A recipe for disaster
Japan is facing a trifecta of challenges with severe economic consequences.
Japan Times
BUSINESS / Economy / FOCUS
Feb 18, 2020
Fear grows that coronavirus will push Japan into recession
With Japan taking a hit from the unabated outbreak of the coronavirus soon after a plunge in its economic performance in the last quarter of 2019, some fear the country may be on the brink of recession.
Japan Times
BUSINESS / Economy
Feb 17, 2020
Japan recession fears grow as GDP shrinks at 6.3% rate with COVID-19 hit to come
The contraction in the annualized gross domestic product for October-December was the worst in five quarters.
Japan Times
BUSINESS / Economy
Feb 14, 2020
Even before COVID-19, Japan economy likely took biggest hit since 2014
Economists estimate the economy shrank at an annualized rate of 3.8 percent in the third quarter and that the virus will likely push Japan into recession.
Japan Times
BUSINESS / Economy
Feb 6, 2020
BOJ policymaker Takako Masai cautiously optimistic on global outlook despite coronavirus
Bank of Japan board member Takako Masai has said the global economy is on track for a rebound around mid-year as manufacturing activity picks up, signaling that risks such as the coronavirus outbreak do not warrant an immediate expansion of stimulus.
Japan Times
BUSINESS / Economy
Feb 4, 2020
Japan to see first drop in GDP in five quarters, estimates show
Japan's real gross domestic product is believed to have dropped for the first time in five quarters in the October-December period, partly due to the consumption tax hike taking a bite out of domestic demand, according to estimates by 10 think tanks.
BUSINESS / Economy
Jan 28, 2020
Japan's large appliance shipments hit 23-year high in 2019 due to tax hike
Large household appliance shipments in 2019 rose 2.7 percent from the previous year to ¥2.5 trillion, hitting the highest level since 1996, according to an industry group.
Japan Times
BUSINESS
Jan 24, 2020
Core consumer inflation ticked up in December, but remained far short of BOJ's 2% target
Core consumer prices rose in December from a year earlier, government data showed on Friday, climbing from the previous month, but inflation was still well short of the Bank of Japan's elusive 2 percent target.
BUSINESS / Economy
Jan 7, 2020
Japan's services sector shrinks at fastest pace in over three years, PMI shows
The services sector saw its deepest contraction in more than three years in December as business activity took a hit from weak demand at home and abroad, a private survey showed Tuesday.
JAPAN / Politics
Dec 30, 2019
How socialism and the left wing failed in Japan
Three decades ago, the fall of the Berlin Wall and the Malta Summit signified the end of the Cold War and the defeat of left-wing forces, including the socialists and communists.
EDITORIALS
Dec 23, 2019
Tax hike helps, but sustainable budget is the key
The government has to get more serious about maintaining a sustainable national budget.
Japan Times
BUSINESS / Economy
Dec 16, 2019
Economists predict Bank of Japan will stand pat this week after Abe stimulus
The Bank of Japan will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey.
Japan Times
COMMENTARY / Japan
Dec 3, 2019
Stimulus can fix a lot of policy errors
Japan's misguided consumption tax hike makes a big fiscal package inevitiable.
JAPAN
Nov 29, 2019
New state funds proposed to help hospitals dump excess beds amid soaring medical costs
The finance and health ministries are thinking of setting up funds in each prefecture to support private hospitals trying to rid themselves of excess beds that are driving up medical costs, it has been learned.
BUSINESS / Economy
Nov 29, 2019
October's 4.2% output drop poses risk of steeper economic slide in Japan
The plunge in industrial production signals that a steeper than expected contraction in economic growth might be ahead that will require even bigger government stimulus.
BUSINESS / Economy
Nov 28, 2019
Japan's retail sales see deepest slump since 2015 as tax hike hits demand
The drop was the biggest since a 9.7 percent fall in March 2015, and was worse than a 4.4 percent decline predicted by economists.
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.
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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