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May 06, 2024
 

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TAX 4

Japan Times
BUSINESS / Economy
Nov 28, 2019
Japan's retail sales see deepest slump since 2015 as tax hike hits demand
The drop was the biggest since a 9.7 percent fall in March 2015, and was worse than a 4.4 percent decline predicted by economists.
BUSINESS / Economy
Nov 23, 2019
Japan plans supplementary funding as cashless payment reward program takes off
The government is considering additional funding of more than ¥100 billion ($920 million) in the supplementary budget to finance a popular rewards program for shoppers making cashless payments, Jiji Press has learned.
Japan Times
BUSINESS
Nov 21, 2019
Japan's ruling bloc calls for ¥10 trillion to boost typhoon recovery and slowing growth
Analysts have doubts about the ability to spend such a large amount given the government debt.
Japan Times
BUSINESS / Economy
Nov 14, 2019
Japan's economy grinds to near standstill as U.S.-China trade war bites
Private consumption cooled from the previous quarter, casting doubt on the Bank of Japan's view that demand will offset the impact from intensifying global risks.
Japan Times
BUSINESS / Economy
Nov 11, 2019
Japan mulls scrapping tax break for big firms that wine and dine clients
The administration of Prime Minister Shinzo Abe is considering ending a special tax break for wining and dining expenses at large companies at the end of fiscal 2019, informed sources said.
Japan Times
BUSINESS / Economy
Nov 11, 2019
LDP tax chief Amari to pursue tax system better suited to Japan's increasingly digital economy
The chief of a Liberal Democratic Party tax panel said Monday the group will explore changes that will lead to a tax system more in tune with the country's increasingly digitized economy.
BUSINESS / Economy
Nov 8, 2019
Japan's key composite index rose in September, but Cabinet Office keeps assessment of recession
The government said Friday that Japan's key composite index of economic indicators rose in September, but maintained its assessment that the economy has likely fallen into recession.
Japan Times
BUSINESS
Nov 8, 2019
Japanese businesses say impact of October's sales tax hike less painful than 2014
More than two-thirds of Japanese companies are feeling less pain from a sales tax increase last month than from the previous increase five years ago, which precipitated a recession, a Reuters poll has found.
Japan Times
BUSINESS / Economy
Nov 8, 2019
Household spending rose at a record year-on-year pace before Japan's October tax hike
Japan's household spending increased at the fastest pace on record in September, boosted by last-minute buying ahead of a consumption tax hike starting Oct. 1, government data showed Friday.
Japan Times
BUSINESS
Nov 6, 2019
Despite Japan’s quest to go cashless, nation’s growing elderly population proves reluctant
Cash is king in Japan, and more so for the country's fast-aging population who are still deeply reluctant to give it up.
Japan Times
JAPAN
Nov 4, 2019
Japan to tighten rules on wealthy residents with overseas assets
The government is set to tighten rules on disclosure by Japan's wealthier residents about their overseas assets in a bid to prevent tax avoidance, sources close to the matter said Sunday.
Japan Times
JAPAN / Politics
Nov 2, 2019
Abe eyes economic package to assist recovery from typhoons and offset tax hike
Prime Minister Shinzo Abe is ready to instruct his staff to draw up a package of measures in response to a recent spate of massive natural disasters and to rev up the nation's economy following the recent consumption tax hike.
Japan Times
BUSINESS / Economy
Oct 30, 2019
Japan retail sales grew at fastest pace since 2014 ahead of tax hike, but outlook murky
Japanese retail sales grew at the strongest pace in 5½ years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months.
BUSINESS
Oct 25, 2019
Japan's supermarket sales rose 2.8% in September before tax hike
Supermarket sales rose 2.8 percent by value in September from a year earlier on a same-store basis, up for the first time in six months owing to a rush of demand before the Oct. 1 consumption tax hike, an industry body said Thursday.
Japan Times
COMMUNITY / Voices / FOREIGN AGENDA
Oct 13, 2019
Land of the rising tax: A 2 percent hike brings 100 percent confusion
Eat in or take out? Use cash or card? There are several ways to get around a recent tax hike, but not everyone can take advantage of them.
Japan Times
JAPAN / Media / BIG IN JAPAN
Oct 12, 2019
Consumers look for ways to blunt impact of consumption tax hike
Japan's consumption tax on goods and services has arguably been unpopular from the get-go. Introduced at 3 percent in 1989 as a means of improving public finances, the rate was raised to 5 percent in 1997, 8 percent in 2014 and, from Oct. 1 of this year, to 10 percent.
Japan Times
BUSINESS
Oct 12, 2019
Japan's tax hike-related reward points total ¥6 billion in first week
The industry ministry said Friday that the total amount of reward points related to a recent tax increase given through a state-funded program, introduced Oct. 1, reached some ¥6 billion in the first week through Monday.
Japan Times
COMMENTARY / Japan
Oct 11, 2019
The consumption tax hike delays painful spending reforms
Kicking the can down the road on social security reform should not be a policy option.
Japan Times
BUSINESS / Economy
Oct 11, 2019
Japan's government pledges to act swiftly if economy slows after tax hike
The government has pledged that it will act swiftly, with steps that could include compiling stimulus measures, if the domestic economy shows signs of a slowdown following the recent consumption tax hike.
Japan Times
BUSINESS / Economy
Oct 11, 2019
Japan Inc. sees 'Abenomics' sputtering and sales tax hike hurting economy, poll shows
Japanese companies overwhelmingly think the nation's longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe to hurt the economy, a Reuters poll showed on Friday.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
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.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
'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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