The consumption tax raise hurts Japan and eviscerates Abenomics
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints. The consumption tax hike will absolutely chill consumption, slow down the Japanese economy and weaken Abenomics. While the government has introduced temporary measures, such as a ...
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. "Abenomics will fail for real if the tax is raised now," Etsuro ...
Outspoken adviser to Abe urges regime change at BOJ
Amid strong expectations that Prime Minister Shinzo Abe may reappoint Haruhiko Kuroda to another term as governor of the Bank of Japan, at least one key voice is calling for fresh blood at the top of the BOJ to lift the nation's flagging inflation ...
Japan needs 'double dose' of monetary, fiscal stimulus: Abe adviser Honda
Japan needs a double dose of monetary and fiscal stimulus, including further easing by the central bank next month, says Etsuro Honda, one of Prime Minister Shinzo Abe's economic advisers. Honda, one of the architects of Abenomics, Abe's economic policy based on "three arrows," said ...
Abe to decide after G-7 summit on whether to hike consumption tax: aide
Prime Minister Abe told Diet members he will make the decision on the consumption tax hike planned for April 2017 after “carefully” assessing current economic conditions.
Abe economic adviser Honda appointed ambassador to Switzerland
A key economic adviser to Prime Minister Shinzo Abe who has been a strong advocate of monetary stimulus will become Japan's ambassador to Switzerland, according to a notice issued by the Prime Minister's Office on Friday. Etsuro Honda, 61, a former Finance Ministry bureaucrat who ...
BOJ should ease further, says Abe adviser Honda
The Bank of Japan should use a combination of a more-negative benchmark rate and enlarged asset purchases "sometime, before long" to help the economy, according to Etsuro Honda, an adviser to Prime Minister Shinzo Abe. "But maybe not next week," when the BOJ next meets ...
Abe aide says ¥2.5 trillion may be needed to offset next tax hike
It could be difficult for the Bank of Japan to taper its record monetary stimulus before a planned sales-tax hike in 2017, and the government may need to compile a ¥2.5 trillion economic package to cushion the blow to households, an adviser to the ...
Additional sales tax hike difficult decision for Abe: adviser
Japan's additional consumption tax hike planned for next year is a hard decision for Prime Minister Shinzo Abe to make, given a slowdown in the nation's economic recovery, one of his advisers said Wednesday. Etsuro Honda, a special adviser on economic affairs, also indicated the ...
Abe adviser says WSJ article on military buildup is false
Etsuro Honda, a key economic adviser to Prime Minister Shinzo Abe, denies stressing that one of the main goals of "Abenomics" is for Japan to build up a more powerful military and stand up to China, as reported by The Wall Street Journal.
Politicians unwilling to revisit tax hike law: adviser
Lawmakers are reluctant to reopen legislation on the sales tax rise, raising the bar for Prime Minister Shinzo Abe should he seek a shallower path of increases, according to one of his advisers. "They don't want to touch on this issue," Etsuro Honda, 58, a ...
