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May 04, 2024
 

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HIKE

BUSINESS
Dec 2, 2014
Tax revenue may reach highest level in 17 years
Central government tax revenue may reach its highest level in 17 years in fiscal 2014 on the back of the April 1 consumption tax hike and growth in corporate and individual income tax receipts, Finance Ministry officials said.
JAPAN / Politics
Nov 26, 2014
JCP releases campaign platform, vows to cancel consumption tax hike to 10%
The Japanese Communist Party has announced a set of campaign pledges for the Dec. 14 lower house election, promising to "cancel" the planned consumption tax hike and seek other ways to secure funds for social security.
BUSINESS / Economy
Nov 25, 2014
Abe consumption tax backfiring with more debt, not less
What started as a plan to reduce the national debt is turning into a reason to issue more bonds.
JAPAN / Politics
Nov 18, 2014
Abe confirms postponing sales tax hike, calling Dec. 14 election
Prime Minister Shinzo Abe told his ruling coalition partner Monday that he will call a general election on Dec. 14 after announcing on Tuesday the postponement of the planned consumption tax hike, a coalition source said.
BUSINESS
Nov 14, 2014
DPJ will oppose tax hike to 10%, saying Abe failed to meet conditions
Reversing its earlier stance, the Democratic Party of Japan, the largest opposition force, said Friday it will oppose the planned sales tax hike to 10 percent from 8 percent next October.
COMMENTARY / Japan / SENTAKU MAGAZINE
Oct 19, 2014
Abe's inner circle sprouting horns over next tax bump
A major battle appears to be brewing between the office of Prime Minister Shinzo Abe and the Finance Ministry — the most powerful bureaucracy in Japan — over whether to raise the consumption tax from the current 8 percent to 10 percent next fall.
BUSINESS / Economy
Oct 16, 2014
U.S. Treasury report calls out 'Abenomics' for failings on reform, demand
Japan should undertake structural economic reforms that will lead to a recovery driven by private demand, the U.S. Treasury Department said in its semiannual Report to Congress on International Economic and Exchange Rate Policies.
Japan Times
BUSINESS / Economy
Oct 2, 2014
Bad weather may have slashed economic growth in July-September
Bad weather this summer, including successive typhoons, may have pushed economic growth down by 0.8 percentage point to 2.4 points in annualized real terms in the July-September quarter, the government said.
BUSINESS / Economy
Sep 9, 2014
Abe needs more stimulus to raise sales tax, adviser Itoh says
The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe.
Japan Times
BUSINESS / Economy
Sep 9, 2014
Close Abe adviser calls for delay to next tax hike if economy slows
The Abe administration should put off the consumption tax hike scheduled for next year or raise the rate by 1 percentage point per year if the economy stalls, according to a special adviser to the prime minister.
Japan Times
BUSINESS / Economy
Sep 8, 2014
Japan current account balance back in black
The nation's current account balance was in the black for the first time in two months in July, hitting ¥416.7 billion as the income from foreign investments rose to a record high for the month, outweighing the trade deficit, the government said Monday.
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.
BUSINESS / Economy
Sep 1, 2014
Auto sales fall to lowest in three years on sales tax hike
Auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping following the April 1 consumption tax increase.
BUSINESS / Economy
Aug 28, 2014
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.
BUSINESS / Economy
Aug 26, 2014
Government retains view on economy but wary of shock from tax hike
The government on Tuesday kept intact its relatively upbeat assessment of the economy in its monthly report for August, but it expressed concern over the aftermath of the consumption tax hike to 8 percent.
BUSINESS / Economy
Aug 20, 2014
Skepticism over Abe's inflation goal grows as price gauge retreats
Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth.
BUSINESS / Economy
Aug 13, 2014
Japan's GDP set to fall sharply; stimulus expectations may surge
Japan's economy likely shrank sharply in the second quarter, which would be bad news for Prime Minister Shinzo Abe's growth policies, but it could raise market expectations of further stimulus.
BUSINESS / Economy
Aug 12, 2014
Energy, food costs pushed Japan's wholesale prices higher in July
Wholesale prices rose 4.3 percent in July from a year earlier largely due to higher energy costs and price increases for some food items, the Bank of Japan said Tuesday.
Japan Times
BUSINESS / Companies
Jul 31, 2014
Hokkaido Electric applies for additional 17% rate hike
Hokkaido Electric Power Co. on Thursday became the first utility to seek its second rate hike since March 2011, applying for permission to charge households around 17 percent more starting this fall.
BUSINESS / Economy
Jul 22, 2014
Fiscal '14 growth forecast cut to 1.2%
The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on domestic demand.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Yen swings stir talk that Japan is in the FX market once again
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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