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May 06, 2024
 

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TAX 4

Japan Times
BUSINESS / Economy
Oct 8, 2019
Japan's household spending rises for ninth month but wages fall
Household spending rose for the ninth straight month in August, offering some relief for Japan's export-dependent economy amid weak global demand and the protracted U.S.-China trade war.
Japan Times
BUSINESS
Oct 7, 2019
Yokohama Chinatown joins e-payment rebate push to entice more tourists
Restaurants and shops in Yokohama Chinatown hope government relief measures for businesses introduced with the Oct. 1 consumption tax hike will help bring in new customers.
BUSINESS / Economy
Oct 7, 2019
Japan downgrades economy assessment to 'worsening' for first time in four months
The government on Monday downgraded its assessment of the economy for August, saying it is "worsening" after being hit by sluggish production and exports due partly to lingering U.S.-China trade tensions.
Japan Times
JAPAN / Politics
Oct 6, 2019
Abe Cabinet support rate falls to 53% after tax hike: poll
Following the recent consumption tax hike, a poll showed the approval rating for Prime Minister Shinzo Abe's Cabinet has fallen 2.4 percentage points to 53.0 percent from the previous one in September.
COMMUNITY / Voices / OVERHEARD
Oct 5, 2019
A contemporary yes man
'Does the consumption tax hike mean I'm going to get another stock question every time I buy something from a convenience store?'
Japan Times
BUSINESS / Economy
Oct 4, 2019
Japan Finance Minister Taro Aso plays down need for stimulus after tax hike
Finance Minister Taro Aso on Friday dismissed the need to boost fiscal stimulus to counter the impact of the consumption tax hike, despite expectations the government and the Bank of Japan may act to reduce pressure on the world's third-largest economy.
Japan Times
BUSINESS / Economy
Oct 2, 2019
Tax hike to heat up battle among Japan's restaurants to keep customers
The consumption tax hike has brought the restaurant industry — already grappling with shortages of labor and rising costs of materials — yet another challenge in keeping customers and attracting new ones.
Japan Times
JAPAN / Politics / FOCUS
Oct 2, 2019
Japan's opposition parties struggle to stay on message over consumption tax
Major opposition parties are wary of smaller peers' calls for the rate to be lowered back to 5 percent, although they are largely unified in opposition to the 10 percent rate.
Japan Times
BUSINESS
Oct 1, 2019
Japan seen as unlikely to achieve fiscal consolidation target despite tax hike
The government is unlikely to meet its fiscal consolidation target even with the hike of the consumption tax rate from 8 percent to 10 percent on Tuesday.
Japan Times
BUSINESS / Companies
Oct 1, 2019
Sales at Japan's major department stores jumped before tax hike
The nation's four major department store chains saw double-digit growth in their sales in September from a year earlier as consumers hurried to buy luxury items before the consumption tax hike to 10 percent from 8 percent, their monthly reports showed Tuesday.
Japan Times
COMMENTARY / World
Oct 1, 2019
Tax hike comes at an inauspicious time
An increase in the consumption levy is the last thing Japan's economy needs.
Japan Times
BUSINESS
Oct 1, 2019
'I can barely make ends meet': Low-income families in Japan fret over tax hike
The consumption tax hike to 10 percent Tuesday has left low-income households already struggling to make ends meet worrying about how to cope with the higher cost of living.
Japan Times
BUSINESS
Oct 1, 2019
Japan's consumers and workers struggle to adjust on first day of consumption tax hike
Under a system intended to lighten the burden on low income households, tax rates for foods vary depending on where items are consumed, causing confusion for many.
Japan Times
JAPAN / Politics / FOCUS
Oct 1, 2019
Abe rolls the dice on his political legacy with tax hike
Shinzo Abe will almost certainly become the nation's longest-serving prime minister next month. Whether he will be remembered as a success could well hinge on how the economy weathers the consumption tax hike.
Japan Times
BUSINESS / Economy / ANALYSIS
Sep 30, 2019
Despite government steps, Japan's consumption will take a hit from tax hike, analysts say
The move remains unpopular among the public, and only time will tell whether the economy will suffer a deep impact.
Japan Times
JAPAN / EXPLAINER
Sep 27, 2019
Measures meant to offer relief from sales tax hike pose baffling riddles instead
With Japan's consumption tax rate hike to 10 percent scheduled for the start of next month, the government promises to simultaneously introduce a reduced rate for everyday essentials — mostly food and non-alcoholic beverages — to ease the financial impact on lower income households.
Japan Times
BUSINESS / Economy / The Argument: Consumption tax
Sep 25, 2019
The consumption tax: Should Japan raise it beyond 10 percent?
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.
Japan Times
BUSINESS / Economy / The Argument: Consumption tax
Sep 25, 2019
The consumption tax raise hurts Japan and eviscerates Abenomics
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.
Japan Times
BUSINESS / Economy / The Argument: Consumption tax
Sep 25, 2019
The consumption tax rate needs to be hiked to 15% by 2025 to sustain social welfare
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.
Japan Times
BUSINESS
Sep 24, 2019
Presence of Japan's ¥1 coins likely to fade further with tax hike
Small and silver in color, the ¥1 coin may not have much of a presence after the consumption tax rises from 8 percent to 10 percent on Oct. 1.
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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