Tag - consumption-tax

 
 

CONSUMPTION TAX

Japan Times
BUSINESS / YEN FOR LIVING
Aug 2, 2014
Inflation Watch: Food manufacturers offering less
Food companies know that consumers are now sensitive to price increases and use an old solution
BUSINESS / Companies
Jul 25, 2014
LVMH profit trails estimates as Japan tax hike hits fashion biz
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods.
JAPAN / EXPLAINER
Jul 21, 2014
Selective consumption tax weighed
It’s only been three months since the consumption tax was hiked to 8 percent, but the ruling coalition is already expediting talks on another increase scheduled to come into effect in October next year.
BUSINESS / Economy
Jul 17, 2014
Abe seen needing 2% growth this quarter to hike sales tax again
Economic growth of 2 percent this quarter will be enough to allow Prime Minister Shinzo Abe to proceed next year with an increase in the consumption tax to 10 percent, a Bloomberg survey shows.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Salarymen get a bit more to spend
Japanese wives are raising their husbands’ allowances, but only enough to offset the April 1 tax hike as wages continue to languish.
Japan Times
BUSINESS / Economy
Jun 27, 2014
Prices climb most in 32 years as wages limp along
Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited.
Japan Times
BUSINESS / Economy
Jun 11, 2014
Stand firm on 10% sales tax, Noda warns Abe
Prime Minister Shinzo Abe risks triggering market turmoil should he fail to raise the consumption tax to 10 percent next year, his immediate predecessor warned.
Japan Times
BUSINESS / Economy
May 15, 2014
GDP jumps to 5.9% on tax hike in first quarter
The Japanese economy climbed to its fastest pace since 2011 as companies invested more and consumers raced to beat the first tax hike in 17 years.
BUSINESS / Economy
Apr 8, 2014
BOJ stays policy course, aware of sales tax hike hit
The Bank of Japan on Tuesday left its ultra-loose monetary policy unchanged, while acknowledging the consumption tax hike introduced this month will have a negative impact on the economy.
Japan Times
JAPAN / Media / MEDIA MIX
Apr 5, 2014
Fallout from the tax rise may hit in surprising ways
Prior to the consumption tax increase last Tuesday, from 5 percent to 8 percent, Japanese consumers were spending to beat the band. The local business magazine Economist (not to be confused with the English language newsweekly) reports that ¥4 trillion was spent on goods and services in recent months...
Japan Times
BUSINESS / Economy
Apr 4, 2014
Abe may reduce tax benefits for women
Prime Minister Shinzo Abe’s reflation campaign last year helped draw the most women to work since 1991. He now plans to add a stick to that carrot, scaling back tax benefits for spouses with limited earnings.
EDITORIALS
Apr 2, 2014
Tax hike alone won’t cure fiscal ills
The consumption tax hike alone won’t resolve the nation’s fiscal and social security woes. It needs to be matched by efforts to rein in government spending.
BUSINESS
Apr 1, 2014
Banks see economy withstanding sales tax increase
The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said.
BUSINESS
Apr 1, 2014
Shoppers start coping with higher sales tax
Tuesday’s hike of the consumption tax to 8 percent saw mixed reactions in Tokyo and Osaka. While consumers in both cities seemed resigned to the increase, there was concern about the additional transportation and food costs.
Japan Times
BUSINESS
Mar 31, 2014
Shoppers flock to stores ahead of sales tax hike
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Japan Times
BUSINESS
Mar 31, 2014
Supplier of ¥1 coins ends four-year hiatus for Abe’s sales tax hike
Akao Aluminum Co., the only supplier of ¥1 coins, has produced its first batch in four years to meet an expected surge in demand for small change as the consumption tax jumps to 8 percent on Tuesday.
Japan Times
JAPAN / EXPLAINER
Mar 24, 2014
Selective consumption tax breaks inch closer
The consumption tax is going up to 8 percent next Tuesday, but consumers also have to brace for a another hike in October 2015, when the Abe administration plans to raise it all the way to 10 percent — double what it has been since 1997.
BUSINESS / Economy
Mar 17, 2014
Abe aide urges more BOJ easing as sales tax increase threatens recovery
The Bank of Japan can double its annual pace of bond accumulation to ¥100 trillion to give fresh impetus to the economy after next month’s sales tax increase, according to an aide to Prime Minister Shinzo Abe.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Mar 1, 2014
Fat men frolic, Jews to be treated equally, U.S. ambassador stabbed, new sales tax a headache
Twenty-five fat members of the House of Representatives with two Government delegates and two journalists, each of whom weighs more than 165 pounds (75 kg), sat at a dinner at the Fukuiro, Yanokura, Ryogoku, on Monday evening.
EDITORIALS
Jan 31, 2014
Help households, not corporations
Lowering corporate taxes, as the Abe administration wants to do, will invite criticism that Japan’s businesses are being cosseted at the expense of tax relief for households.

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