A day after Prime Minister Shinzo Abe set July 10 as the date for the upcoming Upper House election, the nation's ruling and opposition parties wasted no time Thursday launching into campaign mode. Opposition parties are forming an uncharacteristically united front in an attempt to ...
Economy mavens are split over the merits of Prime Minister Shinzo Abe’s decision to delay the consumption tax hike to 2019.
Leaders agree to better cooperate on fiscal measures, but they remain sharply divided on how much each country should spend.
Japan should undertake structural economic reforms that will lead to a recovery driven by private demand, the U.S. Treasury Department said in its semiannual Report to Congress on International Economic and Exchange Rate Policies. . It is imperative for both the Japanese and global economies that ...
Bad weather this summer, including successive typhoons, may have pushed economic growth down by 0.8 percentage point to 2.4 points in annualized real terms in the July-September quarter, the government said. The estimate, presented Wednesday by the Cabinet Office to a meeting of the Council ...
The government on Tuesday kept intact its relatively upbeat assessment of the economy in its monthly report for August, but it expressed concern over the aftermath of the consumption tax hike to 8 percent. "The Japanese economy is on a moderate recovery trend and the ...
The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on ...
The government has hired around 600 special investigators to prevent big businesses from passing the latest consumption tax increase on to their suppliers and contractors, but many small businesses are facing increasingly subtle billing and payment schemes from clients. In Tokyo's Ota Ward, home to ...
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Many major department stores are zeroing in on foreign tourists and other visitors exempt from paying the consumption tax if they spend over a certain amount, anticipating that sales of luxury items will plunge following the sales tax hike next Tuesday. Department stores have enjoyed ...
Economists are split over how long the government has to rein in the world's biggest debt burden, a Bloomberg News survey shows, adding to a debate on whether the government should keep ratcheting up the sales tax. Eleven of 34 analysts said the government has ...
Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent. Aso told reporters Tuesday the government ...
