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May 06, 2024
 

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TAX 4

Japan Times
BUSINESS
Feb 2, 2020
Most Japan consumers to continue cashless payments when rebate program ends: survey
Over 86 percent of Japanese consumers plan to continue making cashless purchases even after the government's points-based rebate system concludes in June, a recent study by a Tokyo-based marketing research company has shown.
Japan Times
BUSINESS / Economy
Jan 28, 2020
Japan's large appliance shipments hit 23-year high in 2019 due to tax hike
Large household appliance shipments in 2019 rose 2.7 percent from the previous year to ¥2.5 trillion, hitting the highest level since 1996, according to an industry group.
Japan Times
BUSINESS
Jan 24, 2020
Core consumer inflation ticked up in December, but remained far short of BOJ's 2% target
Core consumer prices rose in December from a year earlier, government data showed on Friday, climbing from the previous month, but inflation was still well short of the Bank of Japan's elusive 2 percent target.
Japan Times
BUSINESS
Jan 24, 2020
Japan's supermarket sales fell 1.8% in 2019 amid tax hike
Supermarket sales in 2019 fell 1.8 percent from the previous year on a same-store basis, down for the fourth consecutive year, affected by the consumption tax hike on Oct. 1 and unfavorable weather, an industry body said Thursday.
Japan Times
BUSINESS
Jan 21, 2020
Convenience store sales in Japan rose to record in 2019 on government steps to offset impact of tax hike
Convenience store sales rose 0.4 percent to a record level last year as the government's measures to spur consumer spending helped offset the impact of the consumption tax hike.
BUSINESS / Economy
Jan 14, 2020
Economy watcher sentiment rises in December on eased impact of Japan's tax hike
Business sentiment among workers with jobs sensitive to economic trends slightly improved in December as the negative impact from the consumption tax hike eased, government data showed Tuesday.
Japan Times
BUSINESS / Economy
Jan 7, 2020
Japan's services sector shrinks at fastest pace in over three years, PMI shows
The services sector saw its deepest contraction in more than three years in December as business activity took a hit from weak demand at home and abroad, a private survey showed Tuesday.
Japan Times
BUSINESS / Economy
Jan 3, 2020
Japan firms growing pessimistic about economy amid U.S.-China spat
Major Japanese companies are growing more pessimistic about the economy due to worries over prolonged U.S.-China trade tensions and last year's consumption tax hike, a Kyodo News survey showed Thursday.
Japan Times
JAPAN / Politics
Dec 30, 2019
How socialism and the left wing failed in Japan
Three decades ago, the fall of the Berlin Wall and the Malta Summit signified the end of the Cold War and the defeat of left-wing forces, including the socialists and communists.
EDITORIALS
Dec 23, 2019
Tax hike helps, but sustainable budget is the key
The government has to get more serious about maintaining a sustainable national budget.
Japan Times
BUSINESS / Economy
Dec 20, 2019
Japan's inflation up 0.5% in November, as tax boosts cost of dining out
Core consumer prices rose 0.5 percent in November from a year earlier, affected by the consumption tax hike that increased the cost of dining out, but the pace of inflation remained far below the Bank of Japan's 2 percent target, government data showed Friday.
Japan Times
BUSINESS / Economy
Dec 16, 2019
Economists predict Bank of Japan will stand pat this week after Abe stimulus
The Bank of Japan will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey.
Japan Times
BUSINESS / Economy
Dec 13, 2019
Mood among Japan manufacturers gloomiest in nearly seven years as U.S.-China trade war bites
With the economy slowing, companies expect conditions to stay level or worsen next quarter, the Bank of Japan's closely watched sentiment survey showed.
Japan Times
BUSINESS / Economy
Dec 11, 2019
Confidence at big Japanese firms at three-year low, hit by China slowdown and tax hike
The confidence index covering firms capitalized at u00a51 billion or more stood at minus 6.2 in the fourth quarter of 2019, sharply down from 1.1 in the previous quarter.
Japan Times
BUSINESS / Economy
Dec 10, 2019
Japan's initial fiscal 2020 budget to top ¥100 trillion again, hitting new record
Japan's initial budget for fiscal 2020 will hit a record high and top ¥100 trillion ($920 billion) for the second straight year due to swelling social security and defense costs, government sources said Monday.
Japan Times
BUSINESS / Economy
Dec 6, 2019
Household spending takes 5.1% dive as Japanese tighten purse strings after tax hike
October's larger than expected spending dip was the first in almost a year as disasters and the emergence of a 10 percent consumption tax prompted consumers to cut back.
Japan Times
BUSINESS / Economy
Dec 5, 2019
Cabinet approves ¥26 trillion stimulus package to prop up slowing Japanese economy
Economists say the stimulus package could slow down Japan's efforts to improve its fiscal health, which is the worst among major industrialized economies.
Japan Times
COMMENTARY / Japan
Dec 3, 2019
Stimulus can fix a lot of policy errors
Japan's misguided consumption tax hike makes a big fiscal package inevitiable.
Japan Times
JAPAN
Nov 29, 2019
New state funds proposed to help hospitals dump excess beds amid soaring medical costs
The finance and health ministries are thinking of setting up funds in each prefecture to support private hospitals trying to rid themselves of excess beds that are driving up medical costs, it has been learned.
BUSINESS / Economy
Nov 29, 2019
October's 4.2% output drop poses risk of steeper economic slide in Japan
The plunge in industrial production signals that a steeper than expected contraction in economic growth might be ahead that will require even bigger government stimulus.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
G7 eyes plan on U.S.-led $50 billion aid package for Ukraine
A local resident visits the Lychakiv cemetery in Lviv, Ukraine, on Thursday. The U.S. is in talks with close partners to lead a group of allies that would give as much as $50 billion in aid to Ukraine.
Japan drops to 70th in press freedom rankings
A businessman reads a newspaper outside a train station in Tokyo.
Japan’s record-low children population weighs on growth
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
'Monster' Inoue ready to tear down Luis Nery in title defense at Tokyo Dome
Naoya Inoue (left) and Luis Nery following a pre-fight news conference in Yokohama on Saturday, two days ahead of their super bantamweight title fight.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Sapporo court ruling on Ainu fishing rights presents tough questions
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.
With eye on China, defense chiefs agree to bolster interoperability
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.
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.

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