National / Politics Nov 20, 2014
Ruling bloc proposes tax break for daily necessities in 2017
The ruling camp formally agrees that it will "aim to" lower the tax rate on daily necessities when doubling the consumption tax is completed in April 2017.
Reference | EXPLAINER Jul 21, 2014
Selective consumption tax weighed
by Ayako Mie
It's only been three months since the consumption tax was hiked to 8 percent, but the ruling coalition is already expediting talks on another increase scheduled to come into effect in October next year. Concerned that the tax hikes could harm consumer confidence, the ruling ...
Editorials Jul 7, 2014
The ruling coalition parties are trying to decide whether to introduce a reduced consumption tax on some daily necessities when the current 8 percent rate rises to 10 percent in October 2015.
Business / Economy Dec 12, 2013
Ruling bloc approves tax reform plan for '14
by Ayako Mie
To stave off some of the negative impacts of the expected consumption tax hike to 10 percent in October 2015, the Liberal Democratic Party-New Komeito ruling bloc says the levy should be reduced on certain daily necessities.
Business / Economy Jul 1, 2013
'Abenomics' fallout: Food prices rise on weak yen but wages stay flat
by Hiroko Nakata
Bitten by the yen's decline, Japanese food suppliers hike prices on wide range of items, dealing a blow to consumers waiting for their paychecks to rise under "Abenomics."