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May 03, 2024
 

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CONSUMPTION

Japan Times
BUSINESS / Economy
Dec 20, 2019
Japan's inflation up 0.5% in November, as tax boosts cost of dining out
Core consumer prices rose 0.5 percent in November from a year earlier, affected by the consumption tax hike that increased the cost of dining out, but the pace of inflation remained far below the Bank of Japan's 2 percent target, government data showed Friday.
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
BUSINESS / Economy
Dec 13, 2019
Mood among Japan manufacturers gloomiest in nearly seven years as U.S.-China trade war bites
With the economy slowing, companies expect conditions to stay level or worsen next quarter, the Bank of Japan's closely watched sentiment survey showed.
Japan Times
BUSINESS / Economy
Dec 11, 2019
Confidence at big Japanese firms at three-year low, hit by China slowdown and tax hike
The confidence index covering firms capitalized at u00a51 billion or more stood at minus 6.2 in the fourth quarter of 2019, sharply down from 1.1 in the previous quarter.
Japan Times
BUSINESS / Economy
Dec 10, 2019
Japan's initial fiscal 2020 budget to top ¥100 trillion again, hitting new record
Japan's initial budget for fiscal 2020 will hit a record high and top ¥100 trillion ($920 billion) for the second straight year due to swelling social security and defense costs, government sources said Monday.
Japan Times
BUSINESS / Economy
Dec 6, 2019
Household spending takes 5.1% dive as Japanese tighten purse strings after tax hike
October's larger than expected spending dip was the first in almost a year as disasters and the emergence of a 10 percent consumption tax prompted consumers to cut back.
Japan Times
BUSINESS / Economy
Dec 5, 2019
Cabinet approves ¥26 trillion stimulus package to prop up slowing Japanese economy
Economists say the stimulus package could slow down Japan's efforts to improve its fiscal health, which is the worst among major industrialized economies.
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 Times
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.
Japan Times
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.
Japan Times
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.
BUSINESS / Economy
Nov 8, 2019
Japan's key composite index rose in September, but Cabinet Office keeps assessment of recession
The government said Friday that Japan's key composite index of economic indicators rose in September, but maintained its assessment that the economy has likely fallen into recession.
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.
Japan Times
BUSINESS / Economy
Nov 8, 2019
Household spending rose at a record year-on-year pace before Japan's October tax hike
Japan's household spending increased at the fastest pace on record in September, boosted by last-minute buying ahead of a consumption tax hike starting Oct. 1, government data showed Friday.
Japan Times
BUSINESS
Nov 6, 2019
Despite Japan’s quest to go cashless, nation’s growing elderly population proves reluctant
Cash is king in Japan, and more so for the country's fast-aging population who are still deeply reluctant to give it up.
Japan Times
JAPAN / Politics
Nov 2, 2019
Abe eyes economic package to assist recovery from typhoons and offset tax hike
Prime Minister Shinzo Abe is ready to instruct his staff to draw up a package of measures in response to a recent spate of massive natural disasters and to rev up the nation's economy following the recent consumption tax hike.
Japan Times
BUSINESS / Economy
Oct 30, 2019
Japan retail sales grew at fastest pace since 2014 ahead of tax hike, but outlook murky
Japanese retail sales grew at the strongest pace in 5½ years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months.
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.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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