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May 17, 2024
 

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CONSUMPTION

BUSINESS
Jun 25, 2014
Government won't set ceiling on fiscal 2015 budget requests
The government will not set a ceiling for budget requests for fiscal 2015, as a decision on whether to increase the consumption tax rate to 10 percent will not be made until the end of this year, a source said Tuesday.
BUSINESS / Economy
Jun 12, 2014
Machinery orders drop 9.1% in April after sales tax hike
Core private-sector machinery orders plunged a seasonally adjusted 9.1 percent in April compared with the previous month, with the first consumption tax hike in 17 years blurring the economic outlook, the government said Thursday.
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
Jun 7, 2014
'Bad inflation' shadows Japan
Two months after the sales tax hike, Japan risks triggering 'bad inflation,' a toxic combination of declining demand and rising prices.
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
May 13, 2014
El Nino-induced weather raises concern at BOJ
Bank of Japan officials are concerned that cooler-than-normal weather triggered by El Nino will curb spending this summer and weigh on an economic rebound after April's sales tax increase, according to people familiar with the matter.
BUSINESS / Economy
May 5, 2014
Don't balk on next tax hike: IMF
Japan must finish doubling the consumption tax to 10 percent in 2015 or its sovereign debt market might collapse, a senior International Monetary Fund official warns.
Japan Times
BUSINESS / Economy
May 1, 2014
Sales at department stores, electronics chains plunge after tax hike
Sales at department stores, electronics shops and auto dealers sank in the first month after the April 1 consumption tax hike after spiking ahead of the deadline.
Japan Times
BUSINESS
Apr 22, 2014
Failure to up sales tax risks crash of JGBs: Sakakibara
The government should prioritize expanding its recent sales tax increase or risk an eventual collapse of sovereign bonds, former Finance Ministry official Eisuke Sakakibara said.
JAPAN
Apr 12, 2014
Spending unaffected by sales tax hike for over 60% of shoppers: poll
A survey showed Saturday that 63.7 percent of respondents are not refraining from spending despite the April 1 sales tax hike, while 34.8 percent said the rate's increase to 8 percent from 5 percent has restrained their spending to some extent.
BUSINESS / Economy
Apr 10, 2014
Lew urges Tokyo to prep for slowdown after tax hike
U.S. Treasury Secretary Jack Lew urged Japan Wednesday to compile another stimulus package or take other measures if signs of an economic slowdown emerge from the recent consumption tax hike.
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.
Japan Times
BUSINESS
Apr 1, 2014
Shoppers start coping with higher sales tax
Tuesday's hike of the consumption tax to 8 percent saw mixed reactions in Tokyo and Osaka. While consumers in both cities seemed resigned to the increase, there was concern about the additional transportation and food costs.
Japan Times
BUSINESS
Mar 31, 2014
Shoppers flock to stores ahead of sales tax hike
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Japan Times
BUSINESS
Mar 31, 2014
Supplier of ¥1 coins ends four-year hiatus for Abe's sales tax hike
Akao Aluminum Co., the only supplier of ¥1 coins, has produced its first batch in four years to meet an expected surge in demand for small change as the consumption tax jumps to 8 percent on Tuesday.
Japan Times
BUSINESS / Economy / FOCUS
Mar 29, 2014
Tax hike, Crimea cloud economy
The first sales tax hike in 17 years and the ongoing geopolitical crisis over Crimea could turn into a double-whammy for Japan's fragile economic revival.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Kishida defends planned rule to revoke foreigners' residency
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
Human bone-like objects found at Nippon Steel plant’s molten iron pot, with one worker missing
Police believe it’s highly possible that human bones found in a molten iron pot at Nippon Steel's Oita factory belong to a missing male employee.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japanese rap creates its mecca in Pop Yours
Tokyo-based artist Jumadiba says he forgoes the label of simply “rap” for his music because the Japanese rap scene isn’t confined to a particular sound.
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.

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