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. After being delayed twice, Japan's consumption tax will be raised to 10 percent from 8 percent on Oct. 1. The tax hike is anticipated to dampen ...
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. The consumption tax hike will absolutely chill consumption, slow down the Japanese economy and weaken Abenomics. While the government has introduced temporary measures, such as a ...
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 has the grayest society among major developed countries, and the postwar baby boomers will all turn 75 by 2025. Simply, a 10 percent consumption ...
Many Japanese firms pushing back capital investment plans due to growing trade risks
In a potential blow for Prime Minister Shinzo Abe's economic agenda, most Japanese companies have put capital investment plans on hold as a result of the U.S.-China trade war and other global risks, a survey has found. Delaying improvements in factories, equipment and technology could ...
Abe and his new Cabinet face significant obstacles toward reforming nation's social security systems
Prime Minister Shinzo Abe, who reshuffled his Cabinet on Wednesday, said he will boost efforts to reform the nation's social security systems — a top domestic priority for him as he enters the last two years of his final three-year term as president of ...
Decelerating global growth is testing Japan's efforts toward sustained growth driven by domestic demand.
Managing the economy in a slowdown
The Abe administration has secured a stable political footing, but is now confronted with major challenges in its economic policies.
Does Japan's experience vindicate MMT?
Japan's experience doesn't prove that Modern Monetary Theory works, as some have argued. But increasing deficit-financed spending, in Japan and elsewhere, may still have merit, despite inflationary risks.
Japanese businesses see economy peaking out, want more stimulus: poll
The nation's economy is likely to stop expanding this year and into next with the Sino-U.S. trade war and a planned sales tax hike expected to crimp activity, a Reuters poll of Japanese companies found, with most calling for fresh stimulus to prop up ...
Warning that tax hike would doom Abenomics, former aide vows to convince PM to delay yet again
Prime Minister Shinzo Abe should postpone the consumption tax increase scheduled for October or face the failure of Abenomics, his six-year economic revival program, according to one of the architects of that program. "Abenomics will fail for real if the tax is raised now," Etsuro ...
It's time that more emphasis was placed on structural reforms and deregulation to explore fresh avenues of the economy's growth.
