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August 09, 2025
 

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SALES TAX

BUSINESS / Economy
Nov 8, 2018
Japan leaves no stone unturned as it prepares to cushion blow from Abe's 2019 sales tax hike to 10%
With Prime Minister Shinzo Abe determined to increase the sales tax next year, the government is testing public reaction to a string of potential measures to ensure people keep spending.
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 / Politics
Oct 19, 2017
Japan Inc. wants ruling bloc to prevail in election win but with smaller majority: poll
Japanese companies overwhelmingly want Prime Minister Shinzo Abe's ruling coalition to stay in power in this Sunday's national election but about two-thirds want it to lose seats, a Reuters poll found.
BUSINESS / Economy
Mar 7, 2016
BOJ's Kuroda says impact of next sales tax hike to be less than in 2014
Bank of Japan Gov. Haruhiko Kuroda said Monday that the impact of a sales tax increase scheduled for April 2017 would be much less than that which resulted from the hike in 2014 — sending Japan into a recession.
BUSINESS
Jan 4, 2016
New tax system won't ease burden for car owners, says head of automakers' lobby group
Car owners in Japan have been shouldering unfair levies and a new tax to replace the current car acquisition tax next year will not ease the burden, said Fumihiko Ike, chairman of the nation's biggest automakers' lobby group.
BUSINESS / Economy
Jul 8, 2015
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 prime minister said Tuesday.
Japan Times
BUSINESS
Dec 22, 2014
Sales tax hike stymies domestic car sales: JAMA
Major Japanese carmakers may have benefited from the yen's sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday.
JAPAN / Politics
Nov 21, 2014
Abe dissolves Lower House for snap election
Prime Minister Shinzo Abe dissolves the Lower House to pave the way for his Dec. 14 snap election, asking voters to cast judgment on his sputtering 'Abenomics' program.
Japan Times
BUSINESS / Economy
Oct 26, 2014
As Abe's political ratings fade, top official calls for delay in next sales tax hike
A top government official said Prime Minister Shinzo Abe should delay a planned consumption tax increase, the strongest sign yet that economic weakness is causing concern among those close to Abe ahead of his final decision on the levy.
Japan Times
BUSINESS / Economy
Oct 3, 2014
BOJ struggling to meet inflation deadline, former vice governor says
The Bank of Japan may need more time to achieve its 2 percent inflation target and the country can't ignore harm caused by an abrupt weakening of the yen, said Toshiro Muto, a two-time contender to lead the central bank.
Japan Times
JAPAN
Sep 4, 2014
First lady Akie Abe speaks out ahead of consumption tax decision
First Lady Akie Abe said Thursday her husband's administration should consider cutting wasteful spending and boosting the economy before going ahead with a rise in the consumption tax to 10 percent.
BUSINESS / Economy
Aug 13, 2014
Japan's economy suffers biggest decline since 2011 as tax hike bites
The Japanese economy suffered its biggest contraction since the March 2011 earthquake in the second quarter of this year as the hike in sales tax to 8 from 5 percent took a heavy toll on household spending, stoking fears that any rebound may be too modest to sustain a solid recovery.
BUSINESS
Aug 13, 2014
Homebuyers in Japan seen at risk amid floating-rate loan rush
Japanese homebuyers are piling into floating-rate mortgages, stirring debate over whether they are too complacent as Bank of Japan stimulus revives inflation.
BUSINESS / Companies
Jul 25, 2014
LVMH profit trails estimates as Japan tax hike hits fashion biz
LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods.
BUSINESS / Economy
Jun 14, 2014
Noda says Abe buying into 'voodoo economics'
Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe's predecessor steps up and slams the incumbent's tax plans.
Japan Times
BUSINESS / Economy
May 31, 2014
BOJ steps up growth 'rhetoric'
Japan's risk of spurring inflation without boosting the nation's growth potential is raising the stakes for Prime Minister Shinzo Abe's next round of economic restructuring measures, due in June.
Japan Times
BUSINESS
Mar 31, 2014
Shoppers flock to stores ahead of sales tax hike
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Japan Times
BUSINESS
Mar 31, 2014
Supplier of ¥1 coins ends four-year hiatus for Abe's sales tax hike
Akao Aluminum Co., the only supplier of ¥1 coins, has produced its first batch in four years to meet an expected surge in demand for small change as the consumption tax jumps to 8 percent on Tuesday.
BUSINESS / Economy
Mar 31, 2014
Manufacturing slumps as tax hike looms large
Japan's industrial production fell in February, undercutting economists' forecasts, as the first sales tax hike since 1997 risks stalling the economic recovery.
Japan Times
JAPAN / EXPLAINER
Mar 24, 2014
Selective consumption tax breaks inch closer
The consumption tax is going up to 8 percent next Tuesday, but consumers also have to brace for a another hike in October 2015, when the Abe administration plans to raise it all the way to 10 percent — double what it has been since 1997.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
The United States imposes 15% 'reciprocal' tariff on most Japanese goods
U.S. President Donald Trump speaks at the White House on Wednesday.
U.S. backtracks on Japan tariff calculation, taking effective rate lower
Ryosei Akazawa, Japan's chief tariff negotiator, said the U.S. made a clerical error in not including a “reciprocal” tariff rate ceiling for Japan in the trade deal.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
Biggest drop in Japanese nationals seen alongside record high in foreign residents
A street in Tokyo's Shinjuku district on Wednesday
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.

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