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May 03, 2024
 

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CONSUMPTION

Japan Times
BUSINESS / Economy
Mar 6, 2020
Japanese household spending wilts 3.9% after warm January
Household spending fell 3.9 percent in January from the previous year as warm weather dented sales of winter equipment and goods, government data showed Friday.
Japan Times
BUSINESS / Economy
Feb 25, 2020
History repeats as consumption tax hike pushes Japan toward recession
Housewife Matsuko Mitsui had been meaning to buy a new air conditioner for years, but it took the looming consumption tax hike in October to spur the 64-year-old to finally make the purchase.
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
JAPAN
Feb 11, 2020
IMF urges gradual consumption tax hike in rapidly graying Japan
The IMF said the tax would need to be lifted to 20 percent by 2050 to finance swelling costs due to an aging population.
Japan Times
BUSINESS / Economy
Feb 7, 2020
Japan household spending fell 4.8% in warm December, weighed down by tax hike
Household spending fell for the third straight month in December on the continued impact of October's consumption tax hike together with sluggish demand for winter items due to warm temperatures, government data showed Friday.
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.
Japan Times
BUSINESS
Feb 2, 2020
Most Japan consumers to continue cashless payments when rebate program ends: survey
Over 86 percent of Japanese consumers plan to continue making cashless purchases even after the government's points-based rebate system concludes in June, a recent study by a Tokyo-based marketing research company has shown.
Japan Times
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.
Japan Times
BUSINESS
Jan 24, 2020
Japan's supermarket sales fell 1.8% in 2019 amid tax hike
Supermarket sales in 2019 fell 1.8 percent from the previous year on a same-store basis, down for the fourth consecutive year, affected by the consumption tax hike on Oct. 1 and unfavorable weather, an industry body said Thursday.
Japan Times
BUSINESS
Jan 21, 2020
Convenience store sales in Japan rose to record in 2019 on government steps to offset impact of tax hike
Convenience store sales rose 0.4 percent to a record level last year as the government's measures to spur consumer spending helped offset the impact of the consumption tax hike.
BUSINESS / Economy
Jan 14, 2020
Economy watcher sentiment rises in December on eased impact of Japan's tax hike
Business sentiment among workers with jobs sensitive to economic trends slightly improved in December as the negative impact from the consumption tax hike eased, government data showed Tuesday.
Japan Times
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 Times
BUSINESS / Economy
Jan 3, 2020
Japan firms growing pessimistic about economy amid U.S.-China spat
Major Japanese companies are growing more pessimistic about the economy due to worries over prolonged U.S.-China trade tensions and last year's consumption tax hike, a Kyodo News survey showed Thursday.
Japan Times
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.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Saudi Arabia steps up Gaza-related arrests as Israel ties edge closer
The arrests for Gaza-related posts indicate Crown Prince Mohammed bin Salman’s regime will take a hard line against citizens not toeing the line when it comes to normalizing ties with Israel.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.

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