IMF official: Japan should go ahead with next sales tax hike to maintain credibility of fiscal framework Headlines via Reuters – Headline only at this stage. More details to come, if I don’t fall asleep due to boredom first.
The Nikkei reports this morning that Japan’s ruling party gearing up for rancorous tax debate Senior members of the ruling Liberal Democratic Party are dialing up pressure on the government to go ahead with a scheduled consumption tax hike While … Continue reading
Next sales tax hike should be delayed until April 2017 Second sales tax hike could pose big risk to economy Inflation expected to hit close to 2% around the need of next year Don’t think delay in next sales tax … Continue reading
From an interview with the Financial Times (gated, but can be read with a free registration), Japan’s PM Abe “has hinted that he may delay increasing Japan’s consumption tax, saying the move would be “meaningless” if it inflicted too much … Continue reading
Yuko Obuchi is Japan’s Minister of Economy, Trade and Industry. Japanese weekend media are reporting she plans to resign in the wake of the reports of the misuse of funds, which could violate electoral and political funding laws. The reports … Continue reading
From the Nikkei overnight: Debate over another consumption tax hike is intensifying within the ruling Liberal Democratic Party in Japan Sadayuki Sakakibara, head of leading business lobby Keidanren; “I do think that another tax hike is necessary” Kozo Yamamoto, an … Continue reading
Seems like Abe & Co still the back foot re the weakening of yen due to Abenomics. There’s been a few of these comments lately amidst increasing dissent from Japanese business USDJPY 108.87
won’t comment on specific yen levels in general weak yen pushes up import costs and hurts small companies while exporters Japanese PM giving us a quick lesson in basic economics export declines have stopped due to weak yen since Abenomics … Continue reading
Japan PM Abe, speaking in parliament: Japan in the process of moving toward the end of deflation (comment via Bloomberg) – More (via Reuters) Japan exports have bottomed out but not rising strongly Slump in Q2 GDP growth was within … Continue reading
Japan PM Abe more comments: Will be mindful of how higher energy prices affect economy Overall, thinks the Japanese economy constituent to grow – USD/JPY only barely above its session lows as I type USD weak across the board.