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. The most recent bump in the levy — from 5 percent to 8 percent in ...
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. The results of the monthly Reuters Corporate Survey come as BOJ Gov. Haruhiko ...
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. The survey suggests corporations want political stability but don't want to hand Abe a ...
Nearly two in three people, or 64.6 percent, are opposed to the government's plan to further raise the consumption tax in April next year, according to a new opinion poll by Kyodo News. The telephone poll, conducted Saturday and Sunday, showed support for Prime Minister ...
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. "The effect of the sales tax ...
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. Under the government's plan, the acquisition tax ...
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 ...
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. "2014 has been ...
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.
Delay in second tax hike may hamper BOJ's inflation quest
Skepticism is growing that the inflation-hungry Bank of Japan can do any more to stimulate the economy now that Prime Minister Shinzo Abe has delayed the next consumption tax hike. The BOJ could come under pressure as early as the first half to loosen monetary ...
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.
