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 ...
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 ...
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 ...
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 ...
While the figure is stronger than expected, the new data also show the recovery in consumer spending, which accounts for around 60 percent of GDP, remains slow.
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 ...
When Prime Minister Shinzo Abe responded to Japan's surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country's economic heyday, frets that putting off tough decisions now could ...
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.
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 ...
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.
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. "I think it should be delayed" ...
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. "The hurdle is pretty high ...
