consumption tax

Revised policy: Discounts allowed if retailers...
An Osaka supermarket openly touts offsetting the consumption tax during a discount sale in November 1998. The consumption tax rate was raised from 3 percent to the current 5 percent in April 1997. (Asahi Shimbun file photo)
Retailers in Japan will have to watch how they word their advertisements if the government has its way.
Major retailers criticize government for banning...
Tadashi Yanai, chairman and president of Fast Retailing Co. (Asahi Shimbun file photo)
Two major Japanese retailers have criticized the government for the Cabinet decision to temporarily ban them from making discounts aimed at offsetting the planned consumption...
54% of major companies say business conditions at...
This precision machinery manufacturer in Tokyo's Ota Ward said sales dropped significantly after last year's Great East Japan Earthquake and tsunami. (Ryota Goto)
More than half of major companies in Japan assess business conditions as being "at a temporary standstill," or more than double that said so five months ago, an Asahi Shimbun...
Gloomy BOJ predictions threaten planned tax hike
BOJ Governor Masaaki Shirakawa, left, and Seiji Maehara, minister in charge of economic and fiscal policy (Asahi Shimbun photos)
Japan may need to delay a planned hike in consumption tax if a new forecast of persistent deflation by the Bank of Japan bears out.
EDITORIAL: Politicians digging their own graves
The agreement on integrated tax and social security reform reached between the ruling Democratic Party of Japan and two key opposition parties was an encouraging sign for the...
EDITORIAL: Budget request guidelines don’t signal ...
The Cabinet has decided on a set of guidelines for budgetary requests for fiscal 2013, starting the process of formulating the spending plan for the year that begins next April.
Tax hike alone not enough to save Japan from fiscal ...
Finance Minister Jun Azumi bows after legislation to raise the consumption tax rate passes the Upper House on Aug. 10. (Kazuhiro Nagashima)
Prime Minister Yoshihiko Noda has warned that Japan still faces a tough road to fiscal health despite the Diet's Aug. 10 vote to double the country's consumption tax rate.
Higher tax rate likely to slow Japan's economic...
Consumers at an electronics store watch a news conference by Prime Minister Yoshihiko Noda on Aug. 10 after the passage of legislation to raise the consumption tax rate. (Yoshinori Mizuno)
With the economy stuck in deflation mode, a major concern about raising the consumption tax rate is the effect it will have on personal spending and overall fiscal health.
6 DPJ lawmakers vote against tax hike in Upper House
Lawmakers vote on bills to raise the consumption tax rate in open ballots during an Upper House plenary session on Aug. 10. (Satoru Semba)
Six lawmakers of the ruling Democratic Party of Japan voted against proposed legislation to raise the consumption tax rate during an Upper House plenary session Aug. 10, where...
Tax bill passes final vote after PM's election...
Prime Minister Yoshihiko Noda(Asahi Shimbun file photo)
Japan's contentious plan to double the sales tax cleared the final hurdle in a parliamentary vote on Aug. 10 after Prime Minister Yoshihiko Noda promised to bring forward an...
EDITORIAL: Remember the essence of integrated reform
A set of bills for an "integrated reform of tax and social security systems," which centers on raising the consumption tax rate, is expected to pass the Upper House plenary...
Nuclear energy wild card in Japan poll which...
Growing Japanese opposition to nuclear energy (Asahi Shimbun file photo)
Growing Japanese opposition to nuclear energy after the Fukushima disaster will be a wild card in a general election many expect within months, but politicians on both sides of ...
Ozawa’s new party aims to abolish all nuclear...
Ichiro Ozawa shows the logo of his new party, People’s Life First, in Tokyo on Aug. 1. (Mari Endo)
Veteran powerbroker Ichiro Ozawa said Aug. 1 his new party would campaign for all nuclear power plants to be abolished within 10 years.
VOX POPULI: Big parties must stop wasting the...
Throughout history, countless people around the world have been fooled by false advertising. An American author once commented: "Any drug is a miracle drug if it works like the ...
Survey: Planned tax hike dampens business mood
A department store in Osaka closes its doors earlier than usual on June 19 as a typhoon was approaching. (Asahi Shimbun file photo)
The government's drive to raise the consumption tax rate and aggressive energy-saving measures combined to put a chill on economic sentiment in Japan.
DPJ weakens disciplinary measure against Hatoyama
Yukio Hatoyama (Asahi Shimbun file photo)
Fearing an even greater exodus of lawmakers, the ruling Democratic Party of Japan weakened its punishment against former Prime Minister Yukio Hatoyama for voting against...
Ozawa, followers submit resignation letters, plan...
Ichiro Ozawa seeks cooperation from Iwate Governor Takuya Tasso on July 1. (Kazuki Yoshikawa)
Political kingmaker Ichiro Ozawa took a step toward forming a new party when he and 49 other lawmakers submitted letters of resignation to the ruling Democratic Party of Japan...
Sales tax may be tacked onto e-books from abroad
An e-book on Apple Inc.’s iPad (Asahi Shimbun file photo)
The Finance Ministry plans to impose a consumption tax on electronic books sold in Japan by foreign companies such as Amazon.com Inc., sources said on June 28.
ASAHI POLL: Only 15% of voters have expectations...
Ichiro Ozawa, center, casts a vote against a bill to raise the consumption tax rate in the Lower House on June 26. (Jun Ueda)
An overwhelming 78 percent of voters do not expect much from a new party that political heavyweight Ichiro Ozawa says he may form, as opposed to 15 percent who do, an Asahi...
VOX POPULI: A public revolt may not be so...
The Japanese word for rebellion, "zohan," is derived from Chinese. It carries more than a hint of justice.