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May 17, 2024
 

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CONSUMPTION

Japan Times
BUSINESS
Dec 21, 2018
As social security, defense expenses continue to rise, Cabinet OKs record ¥101 trillion draft budget
The Cabinet of Prime Minister Shinzo Abe on Friday approved a record-high ¥101.46 trillion draft budget for fiscal 2019, topping ¥100 trillion for the first time amid swelling social security and defense expenses, meaning Japan remains far from consolidating its battered fiscal health despite increasing...
EDITORIALS
Dec 18, 2018
Patchwork steps in government's 2019 tax reform
Heavy fiscal measures to ease the impact of raising the consumption tax on households could raise doubts over the very purpose of the increase.
Japan Times
BUSINESS / Markets
Dec 17, 2018
Bank of Japan watchers see economic risks pushing back rate hike prospects
The Bank of Japan is more likely to wait until after next year's increase in the consumption tax before taking action to tighten monetary policy, given increasing risks to the economic outlook and recent market turbulence, a growing number of economists say.
Japan Times
BUSINESS
Dec 14, 2018
Ruling bloc approves tax reforms, with breaks for Japan's home and car buyers
The move is an attempt to underpin demand after a consumption tax hike slated for October next year takes effect.
Japan Times
BUSINESS
Dec 11, 2018
Japanese government's plan for shopper rebate to underpin tax increase grows increasingly complex
The government's plan to hand out rebates to consumers who make cashless purchases could consist of two separate rates, sources with knowledge of the plans said Tuesday, raising concerns that the initiative will be confusing for consumers.
Japan Times
COMMENTARY / Japan
Dec 2, 2018
Structural reform must follow tax hike
The real issue for the Japanese economy in 2019 is not the tax hike, but how quickly and how determined Team Abe will reassert its promised focus on structural reform.
EDITORIALS
Dec 1, 2018
Spending to ease tax hike impact
The government should stop and review the effectiveness of the planned measures and their fiscal cost.
Japan Times
BUSINESS / Economy
Nov 26, 2018
Government outlines fiscal stimulus to ease impact of Japan's next consumption tax hike
The government has unveiled an outline of fiscal measures it hopes will bolster the economy after next year's consumption tax increase.
WORLD
Nov 26, 2018
Japan may extend tax deduction period for housing loan users
The government and the Liberal Democratic Party-led ruling camp are considering extending the tax incentive program for housing loan borrowers, in a bid to cushion the impact from next October's rise in the consumption tax, according to informed sources.
Japan Times
BUSINESS
Nov 22, 2018
Government plans 5% rebates for some cashless payments after 2019 tax hike
The move is among steps the government plans to take to ensure that raising the consumption tax will not put the brakes on economic activity.
Japan Times
BUSINESS / Economy
Nov 21, 2018
OECD lowers global growth forecast for 2019
The Organization for Economic Cooperation and Development lowered on Wednesday its projection for global economic growth next year, citing headwinds including the ongoing trade dispute between the United States and China.
BUSINESS
Nov 20, 2018
Japan's convenience store sales post first decline in five months
Sales at convenience stores fell in October for the first time in five months, down 1.5 percent from a year earlier due to declining demand for tobacco products after a tax increase, an industry body said Tuesday.
EDITORIALS
Nov 16, 2018
Dip in GDP — no alarm but caution is warranted
The third-quarter GDP dip may be no cause for alarm but we should still be on guard against a possible downturn of the economy.
Japan Times
JAPAN / YEN FOR LIVING
Nov 9, 2018
Effort to nudge Japan to go cashless with offsets to sales tax hike faces many hurdles
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. The tax hike has already been postponed twice owing to jitters over how it might affect consumption. The last consumption tax increase,...
BUSINESS / Economy
Nov 6, 2018
Household spending in Japan falls first time in three months
Households reduced spending for the first time in three months in September due to the effects of natural disasters, leading the government to lower its overall assessment, official data showed Tuesday.
Japan Times
JAPAN / EXPLAINER
Nov 5, 2018
To what extent will Japan's 2014 downturn repeat with the new tax hike?
The wallets of Japanese residents may get a little lighter next year, as the prices of most goods and services are set to rise under a new consumption tax system starting in October 2019.
Japan Times
JAPAN / Politics
Nov 4, 2018
51.3% of Japanese support bill to accept more foreign workers, Kyodo poll shows
More than half of Japanese support a bill to accept more foreign workers, a nationwide Kyodo News poll showed Sunday.
Japan Times
BUSINESS
Oct 31, 2018
Japanese government considers plan for 'premium vouchers' to underpin economy after tax hike
Low-income families may be able to purchase a voucher worth ¥25,000 for the cost of ¥20,000 under a government plan aimed at underpinning consumer demand after next year's planned tax hike, sources said Wednesday.
Japan Times
BUSINESS / Economy
Oct 29, 2018
Analysts predict Bank of Japan will maintain policy stance with focus growing on 10-year yield range
At meetings scheduled for this week, the Bank of Japan will maintain its policy settings, according to economists surveyed by Bloomberg, amid a growing view that the BOJ will eventually use greater flexibility in yield movements as a tightening measure.
BUSINESS / Economy
Oct 27, 2018
Japan to skip planned tax hike for capital gains and dividends
The tax panels of the ruling parties have decided to skip a tax hike for capital gains and dividends in reforms for fiscal 2019, sources have said.
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.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
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.
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.

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By Mai Yoshikawa

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