Tag - consumption-tax

 
 

CONSUMPTION TAX

BUSINESS / Economy
Jan 6, 2014
Arrival of ‘bad inflation’ trend bodes ill for Japan’s rebound
Price increases are prompting Japanese shoppers to buy less mayonnaise, showing the fragility of any economic rebound unless wages keep up with living costs.
JAPAN / YEAR IN REVIEW 2013
Dec 25, 2013
A look back at the year’s top 10 Japan news stories
Japan Times editors selected the following domestic stories as the most important in 2013.
EDITORIALS
Dec 17, 2013
Heavy tax hit on households
Japan’s tax guidelines for fiscal 2014 again reflect the Abe administration’s apparent emphasis on providing economic benefits to corporations at the expense of households.
EDITORIALS
Dec 13, 2013
Abe’s stimulus only a short-term fix
The Abe administration’s latest stimulus package has the central government spending more than it is due to receive in revenue from the fiscal 2014 tax hike, showing that the Japanese economy has yet to enter a self-sustaining cycle built on private-sector demand and investment.
BUSINESS / Economy
Dec 12, 2013
Ruling bloc approves tax reform plan for ‘14
To stave off some of the negative impacts of the expected consumption tax hike to 10 percent in October 2015, the Liberal Democratic Party-New Komeito ruling bloc says the levy should be reduced on certain daily necessities.
JAPAN
Oct 25, 2013
Tax hike may induce firms to use more temp workers
In what could be an unintended consequence, the sales tax hike set for next April may tempt companies to replace their regular workers with “haken” temporary workers, some tax law experts say.
EDITORIALS
Oct 9, 2013
Risky economic situation ahead
With the sales tax set to rise from 5 percent to 8 percent in April, it is all the more important that businesses strive to improve employment prospects and to raise workers’ wages.
BUSINESS
Oct 8, 2013
With 8% hurdle cleared, Aso eyes 10% sales tax
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.
BUSINESS / JAPANESE PERSPECTIVES
Oct 6, 2013
Abe should consult father of economics for sage advice on sales tax
Three guesses on who said the following.
Japan Times
BUSINESS / Economy
Oct 3, 2013
Housing market exemptions to offset tax hike impact
The housing market will weather a consumption levy increase because of a tax break on home purchases, according to Mizuho Securities Co. and Morgan Stanley MUFG Securities Co.
Japan Times
BUSINESS / Economy / ANALYSIS
Oct 2, 2013
Households to take hit from tax hike
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike’s impact.
JAPAN / Politics
Oct 1, 2013
April to see sales tax hike, Abe confirms
Prime Minister Shinzo Abe goes ahead with raising the consumption tax while also offering a ¥5 trillion stimulus package to offset the negative impact on consumer spending.
Japan Times
BUSINESS / Economy
Oct 1, 2013
Abe banking on ¥5 trillion in stimulus
Shinzo Abe’s future as prime minister may well depend on how well the ¥5 trillion stimulus package cushions the economy from the tax-hike blow.
Japan Times
BUSINESS / Economy
Sep 16, 2013
Improved economic signs support consumption tax hike: Hayashi
Given the improving economic climate, the 3-point consumption tax hike should go ahead as scheduled next April, agriculture minister Yoshimasa Hayashi said at a business conference Monday.
BUSINESS / Economy
Sep 9, 2013
Japan’s April-June real GDP growth upgraded to annual 3.8%
An upward revision to Japan’s gross domestic product gives the government yet another favorable signal for raising the sales tax next April.
BUSINESS / Economy
Sep 4, 2013
Japan can handle levy hike: ‘Mr. Yen’
The nascent economic recovery is strong enough to weather an increase in the consumption tax to repair the government’s finances, according to former senior Finance Ministry official Eisuke Sakakibara.
BUSINESS / Economy
Aug 31, 2013
Most on Abe’s expert panel approve plan to hike sales tax
The government’s expert panel on the planned consumption tax hike wrapped up discussions Saturday with more than 70 percent of its members supporting the plan as it now stands, saying Japan will suffer a much bigger economic blow if the tax isn’t raised.
JAPAN / Politics
Aug 18, 2013
Adviser to Abe urges gradual raising of levy
Kyodo A special adviser to Prime Minister Shinzo Abe said Sunday the 3-point hike in the sales tax next April will cause a drastic decline in consumption and suggested that it instead be raised by 1 point a year for five years.
EDITORIALS
Aug 15, 2013
Strong enough for a sales tax hike?
Japan’s annualized GDP growth has topped 2 percent for two straight quarters. But is economic recovery strong enough to go ahead with sales tax hikes starting next April
BUSINESS / Economy
Aug 9, 2013
A first: Nation’s debt tops ¥1 quadrillion
The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances.

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