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May 03, 2024
 

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CONSUMPTION

Japan Times
JAPAN / Politics / ANALYSIS
Jul 21, 2019
After Upper House election, ruling bloc bets political cost of tax hike will be limited
The hike is expected to generate an additional u00a55.7 trillion in annual revenue, of which u00a52.8 trillion will be used to defray the national debt.
Japan Times
BUSINESS
Jul 19, 2019
Japan's consumers scaling back summer plans amid pension woes, survey shows
Japanese consumers are planning to spend less money during this summer vacation than in any year since at least 2006 amid growing concerns over retirement funding as pension revenues shrink, a survey by a life insurance company showed Friday.
BUSINESS / Economy
Jul 17, 2019
Japan's looming sales tax hike prompts less rush demand so far, suggesting painful economic impact can be avoided
The nation's economy is less likely to suffer a painful whiplash from a sales tax increase scheduled for October, early sales figures for autos and apartments suggest.
Japan Times
JAPAN / Politics
Jul 3, 2019
Abe squares off with opposition leaders ahead of Upper House election
Prime Minister Shinzo Abe said during a debate with opposition leaders on Wednesday that he will go ahead with the planned sales tax hike in October but vehemently denied there will be further increases while he remains in power.
Japan Times
BUSINESS / Economy / ANALYSIS
Jul 1, 2019
Abe sticks with plan to raise Japan's consumption tax despite weak tankan results
Analysts say all signs point to the October increase going ahead as planned.
Japan Times
JAPAN / Politics
Jul 1, 2019
Party chiefs clash over tax and Japan's Constitution before Upper House election
The leaders of major political parties faced off in a debate Sunday over the planned consumption tax hike and the pacifist Constitution, ahead of the start of official campaigning this week for the Upper House election.
Japan Times
JAPAN / Politics
Jun 26, 2019
Japan's Cabinet OKs plan to hold Upper House election on July 21
The Cabinet of Prime Minister Shinzo Abe on Wednesday approved a plan to hold an Upper House election on July 21, following a two-week campaign period.
BUSINESS / Economy
Jun 12, 2019
Surprise gain in Japan's machinery orders masks cooling investment outlook
Machinery orders unexpectedly rose for a third straight month in April, signalling solid business investment, although analysts expect an intensifying Sino-U.S. trade war and global slowdown to hurt capital spending plans in the coming quarters.
Japan Times
JAPAN / Politics
Jun 10, 2019
Double-election fever starts to dissipate in Japan's political circles
Speculation that Abe will dissolve the Lower House has begun to lose steam, as an official said such a move would not be needed amid stable Cabinet support.
Japan Times
BUSINESS / Economy
Jun 7, 2019
Japan's economy still 'worsening' despite improvement in key index, government says
The key index reflecting the current state of the Japanese economy rose in April, but the improvement was not enough to change the government's assessment that it is "worsening," the Cabinet Office said Friday.
Japan Times
BUSINESS
Jun 5, 2019
Japan to support creation of 300,000 jobs for long-term unemployed
The government plans to support the creation of 300,000 jobs over the next three years for people who have failed to secure permanent employment since the collapse of Japan's economic bubble in the early 1990s, a draft policy guideline showed Tuesday.
Japan Times
BUSINESS / Economy
Jun 4, 2019
Japan's policy guidelines call for more stimulus next year amid concerns over global protectionism
Japan should deploy expansive fiscal stimulus "without hesitation" next year if overseas economies pose downside risks to growth, a draft of the government's annual economic policy road map showed on Tuesday.
Japan Times
BUSINESS / Economy
May 30, 2019
Japan business lobby JCCI urges sales tax hike to proceed as planned
The head of a Japanese business lobby said a planned sales tax hike should proceed in October to sustain the social security system for a rapidly graying population, despite calls from elsewhere to postpone it given growing economic challenges.
Japan Times
BUSINESS
May 27, 2019
Warning that tax hike would doom Abenomics, former aide vows to convince PM to delay yet again
Prime Minister Shinzo Abe should postpone the consumption tax increase scheduled for October or face the failure of Abenomics, his six-year economic revival program, according to one of the architects of that program.
Japan Times
BUSINESS / Economy
May 25, 2019
Abe's tax hike plan faces uncertainty as economy sputters, experts say
There is growing speculation that Prime Minister Shinzo Abe could be forced to postpone the planned sales tax hike in October due to concern about the economy.
BUSINESS
May 25, 2019
Japan to promote tax hike preparations by small businesses
The industry ministry will hold meetings in major cities in June to encourage small businesses to speed up their preparations for the October consumption tax hike, it has been learned.
Japan Times
JAPAN / Politics
May 25, 2019
Abe says double election not necessarily in the cards even if tax hike is delayed
Prime Minister Shinzo Abe has said he will not necessarily call a Lower House election even if his government decides to delay an unpopular consumption tax hike planned for Oct. 1.
Japan Times
BUSINESS / Economy
May 24, 2019
Japan downgrades prospects for economy due to China-U.S. trade war
The government downgrades its assessment of the economy, citing a slowdown in China's economy and the ongoing China-U.S. trade war.
Japan Times
BUSINESS / Economy
May 21, 2019
Taro Aso says no link between Japan's October sales tax hike, speculation over snap election
Finance Minister Taro Aso said Tuesday that the scheduled consumption tax hike and whether to dissolve the Lower House for a snap election should be considered separately.
Japan Times
JAPAN / Politics
May 19, 2019
61% of Japanese back Abe plan to meet North Korean leader without conditions
A new survey finds about 61 percent of voters support Prime Minister Shinzo Abe's stance of seeking talks with North Korean leader Kim Jong Un without a guarantee of progress on the issue of abducted Japanese nationals.
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.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'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.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
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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