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May 17, 2024
 

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FINANCE 4

Japan Times
COMMENTARY / World
Dec 29, 2014
China steps in as the banker to call in a pinch
Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.
COMMENTARY / Japan
Dec 20, 2014
A better way to spend yen on schools
Japan's Finance Ministry wants to increase the number of students in each class to save ¥8.6 billion in personnel costs. This will result in 3,325 schools being shuttered and up to 4,000 teachers cashiered. A good idea perhaps, but why not prioritize spending on students who need the most attention?
BUSINESS / Economy
Dec 18, 2014
Households' financial assets hit record high on stock market reflation bid
The amount of assets held by households rose 2.7 percent from a year earlier to a record ¥1.654 quadrillion at the end of September, surpassing the previous record of ¥1.645 quadrillion set at the end of June, according to data Thursday from the Bank of Japan.
Japan Times
BUSINESS / Markets
Nov 26, 2014
'Mr. Yen' sees drop in exchange rate he forecast coming to an end
The 14 percent plunge in the yen since mid-year has about run its course, according to the former Finance Ministry official known as "Mr. Yen."
Japan Times
BUSINESS / YEN FOR LIVING
Nov 17, 2014
Are Japan's public school teachers paid too much?
Japanese teachers make more money than the world average, but they also work many more hours.
JAPAN
Nov 15, 2014
Aso, Chinese finance minister agree to resume regular high-level dialogue
Finance Minister Taro Aso said Saturday he and his Chinese counterpart, Lou Jiwei, agreed to prepare for a resumption of regular bilateral talks suspended since April 2012 amid souring relations.
COMMENTARY
Oct 28, 2014
Time to end American financial repression
A generation of development economists owe Ronald McKinnon, who died earlier this month, a huge intellectual debt for his insight that governments like the U.S. that engage in free-market rhetoric to channel funds toward themselves hamper financial development.
JAPAN
Oct 23, 2014
Finance Ministry wants to squeeze more children into classrooms, close elementary schools
The Finance Ministry will ask the education ministry to increase the maximum number of students per class for first-graders at public elementary schools to 40, from the current 35, in a bid to cut the education budget for next year, it has been learned.
Japan Times
JAPAN / Media / BIG IN JAPAN
Oct 18, 2014
The sinking yen is a threat to the cost of living
If the items you purchase these days seem more expensive, you're not imagining things.
Japan Times
COMMUNITY / Our Lives / WORDS TO LIVE BY
Oct 17, 2014
How to keep it in the right family
Mitsuo Tsuchida, 65, is a bilingual tax accountant and the founder of Tsuchida & Associates in Tokyo. He and his team help people of various nationalities file Japanese and U.S. tax returns, regardless of which country they may live in. As an enrolled agent of the IRS, he has the privilege and right...
Japan Times
COMMENTARY / World / SENTAKU MAGAZINE
Sep 14, 2014
Next consumption tax raise painting Abe into a corner
Ever since the Cabinet Office released preliminary figures last month that showed an annualized 6.8 percent decline in first-quarter GDP, a war of nerves has flared up between the prime minister's office and the Finance Ministry. The next consumption tax hike could be delayed.
Japan Times
BUSINESS
Sep 5, 2014
Aso plans new extra budget to cushion sales tax hike to 10%
The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday.
Japan Times
BUSINESS / Markets
Aug 18, 2014
New 'Bernanke shock' in cards for emerging markets: ex-IMF exec Kato
Emerging markets are at risk of revisiting last year's "Bernanke shock" should the Federal Reserve signal an end to near-zero interest rates earlier than investors anticipate, according to Takatoshi Kato, once a deputy managing director at the International Monetary Fund.
BUSINESS
Aug 6, 2014
H.I.S. reduces its stake in struggling Skymark to 6.49%
Japanese travel agency H.I.S. Co. reduced its stake in Skymark Airlines Inc. from 7.68 percent to 6.49 percent by the end of last month, according to a report filed Tuesday with a finance bureau of the Finance Ministry.
COMMENTARY / World
Aug 1, 2014
A little self-control can add up to big savings
An American economics columnist reports that having to spend cash out of an envelope rather than just pulling out the debit card has made her much more frugal.
BUSINESS / Economy
Jul 25, 2014
Cabinet OKs guidelines for fiscal 2015 budget
Prime Minister Shinzo Abe's Cabinet on Friday approved guidelines for compiling the fiscal 2015 budget and said it aimed to improve the economy and restore Japan's fiscal health — the worst among the major industrialized countries.
BUSINESS / Economy
Jun 27, 2014
Tax small firms more to offset corporate rate cut, panel says
The Tax Commission says small and midsize firms should pay more taxes to offset the loss in revenue from Prime Minister Shinzo Abe's promised corporate tax cut, it said in its reform plan Friday.
BUSINESS
May 1, 2014
Corporate tax rate to be reduced by April '15, Nishimura says
Tokyo will start making significant cuts to the corporate tax rate by April 2015 in line with its aim of making the economy more competitive and of spurring a recovery driven by spending and massive monetary stimulus, deputy economy minister Yasutoshi Nishimura said.
BUSINESS
Apr 26, 2014
LDP mulls reversal on consumer lending; interest rates would soar to 29%
The ruling Liberal Democratic Party may loosen restrictions imposed to block usury and coercive lending in the consumer finance industry.
Japan Times
JAPAN
Apr 25, 2014
Collector coins to fete shinkansen
Japan will mint silver ¥1,000 commemorative coins to celebrate the 50th anniversary of the shinkansen, the Finance Ministry said Friday.
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.
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.
Man suspected of using smart glasses to cheat on Waseda University exams
The Waseda University campus in Tokyo. An 18-year-old male test-taker is suspected of using smart glasses to cheat during the university's entrance exam.
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.
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
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.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.

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