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May 17, 2024
 

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CONSUMPTION

Japan Times
COMMENTARY / Japan
Oct 26, 2018
Three odd points about Abe's tax hike
Raising the consumption tax could once again hurt the economy more than help it.
Japan Times
JAPAN / Politics
Oct 24, 2018
Abe underscores push to clean up Japan's postwar diplomatic rows in opening speech to Diet
The prime minister emphasized his determination to ensure the return of citizens abducted by North Korean agents and the signing of a peace treaty with Russia.
BUSINESS
Oct 19, 2018
Japanese government looks to make daily goods eligible for 2% rebate plan following consumption tax hike
The reduced tax rate is part of a package of measures meant to ensure the tax increase does not put a damper on private consumption.
EDITORIALS
Oct 17, 2018
What next after the consumption tax goes to 10%?
Doubts persist as to whether the hike will cover the mushrooming social security costs of the rapidly aging population.
Japan Times
BUSINESS
Oct 16, 2018
Japan's consumers and businesses have mixed views on consumption tax hike next year
Consumers and businesses had a mixed response to the Abe government's decision Monday to lift the consumption tax rate to 10 percent next October as planned, with some understanding the need to restore fiscal health and others concerned about the impact on the economy.
Japan Times
BUSINESS / Economy
Oct 15, 2018
Abe says he's going ahead with Japan's consumption tax hike in October 2019
Chief Cabinet Secretary Yoshihide Suga said Abe asked relevant ministers to come up with measures to mitigate negative impacts of the increase.
Japan Times
BUSINESS / YEN FOR LIVING
Oct 12, 2018
Rethinking the notion that hot weather means increased consumption in wake of Japan's scorching summer
Japan seems to suffer more than its fair share of natural disasters, and this past summer was especially bad. In addition to two earthquakes that resulted in considerable damage, there were strong storms that killed dozens and forced thousands to flee their homes.
Japan Times
BUSINESS / Economy
Oct 4, 2018
IMF urges Japan to ensure tax hike goes smoothly
International Monetary Fund chief Christine Lagarde urged Japan on Thursday to make sure that a nationwide consumption tax increase scheduled for next year does not hurt the country's economic growth.
Japan Times
BUSINESS / FOCUS
Oct 2, 2018
With just a year to go, Japan's businesses worry about complexities of forthcoming consumption tax rates
With the Abe government planning to raise the consumption tax rate to 10 percent from 8 percent on Oct. 1 next year, businesses are worried about the extra burden of a consumer-friendly relief measure.
Japan Times
BUSINESS / Economy
Aug 7, 2018
Wage growth in Japan hits 21-year high, possibly signaling a pickup in household spending
Household spending slid in June, but real wages rose at their fastest pace in more than 21 years thanks to higher summer bonuses, a sign that benefits of a prolonged economic recovery are broadening.
Japan Times
BUSINESS / Economy / ANALYSIS
Jul 5, 2018
Government tax revenues near historical high in FY 2017, belying Japan's precarious economic balancing act
Some economists see the upcoming 2019 consumption tax increase as a potential step toward repeating mistakes of the past.
EDITORIALS
May 24, 2018
Japan's daunting long-term social welfare costs
Discussions must start now on making sure the social welfare system can meet Japan's future needs.
Japan Times
BUSINESS / Economy
May 18, 2018
Lagging inflation and indecisiveness could delay Bank of Japan's exit from easing
The Bank of Japan's preferred inflation gauge fell for the second straight month in April, dropping from 0.9 percent in the previous month to 0.7 percent, as consumer prices refuse to cooperate with the BOJ's 2 percent inflation target, according to government data released Friday.
Japan Times
BUSINESS / Economy
May 16, 2018
Japan's economy shrinks in first quarter of 2018 after two-year run of growth
The economy shrank by 0.2 percent in the first three months of 2018, snapping a run of two years of positive growth, according to the Cabinet Office.
Japan Times
BUSINESS / Economy
May 8, 2018
Japan's March household spending slumps, suggesting economy slowed in first quarter
Household spending fell 0.7 percent in March from a year earlier to mark the second straight month of decline, underscoring the view the economy suffered a temporary lull in the first quarter as bad weather hurt consumption.
Japan Times
BUSINESS
May 1, 2018
Countermeasures could cut impact of tax hike on households by ¥2.2 trillion: Bank of Japan
The financial impact on households of a planned October 2019 consumption tax hike could be reduced to ¥2.2 trillion if the government implements countermeasures, including lower tax rates for certain food items, according to the Bank of Japan's recent estimate.
Japan Times
BUSINESS / Economy
Apr 13, 2018
Japan to study measures to mitigate impact of 2019 sales tax hike
The government will examine steps to soften the impact of a consumption tax hike to be applied next year after a previous increase dampened consumption, the top government spokesman said Friday.
Japan Times
BUSINESS / Economy
Mar 22, 2018
74% of Japanese firms want BOJ to exit stimulus but see no tightening till 2019 or beyond: poll
Three-quarters of Japanese companies say the Bank of Japan needs to exit from its supereasy monetary policy but most do not see that happening until next year or beyond, a poll found.
Japan Times
JAPAN
Mar 19, 2018
Golden bras put three Taiwan women behind bars
Three Taiwanese women have been arrested for allegedly attempting to smuggle about ¥50 million ($470,000) worth of gold into Japan through their bras, the police said Monday.
Japan Times
BUSINESS / Economy
Mar 18, 2018
Achieving inflation target only possible if nation's elderly remain employed, expert says
...
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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