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Tag Archives: Shinzo Abe

Japan’s economy expands by 2.2% in 3 months, less than forecasts of 3.7%

TOKYO: Japan’s economy has expanded by an annualised 2.2% in the three months to December in a preliminary reading, compared to forecasts for a 3.7% increase. Japan’s growth in the fourth quarter comes after the economy contracted for the two previous quarters. Japan has been recovering from a sales tax hike, which dampened spending. The economy grew 0.6% in the ... Read More »

Japan likely to raise consumption taxes in April 2017, says Taro Aso

TOKYO: Taro Aso, Japan’s deputy prime minister and finance minister has said that Japan’s public finances are in an “extremely severe” condition. He made his strongest promise yet to raise consumption taxes in April 2017. The comments highlight how the government of Japan wants to reinforce the credibility of its fiscal policy after postponing last year’s scheduled rise in consumption ... Read More »

Japan plans to trim new bond issuance up to $317.9b in 2015-16

TOKYO: Japan plans to issue less than 38 trillion yen ($317.9 billion) in new bonds in the next fiscal year starting April, cutting fresh issuance by more than 3 trillion yen from the 41.3 trillion yen worth of debt it issued this fiscal year. Prime Minister Shinzo Abe has vowed to stick to the country’s long term goal to balance ... Read More »

Japan’s ruling coalition approves cut in corporate taxes to boost economic growth

TOKYO: Japan’s ruling coalition, by Prime Minister Shinzo Abe to boost profitability and bolster economic growth, has approved a tax reform plan that will cut corporate taxes from April and pledges further reductions in coming years in a bid. The plan approved by Abe’s Liberal Democratic Party and its coalition partner Komeito would cut the overall effective corporate tax rate ... Read More »

Japan’s Abe to spend up to $30b to revive country’s regions

TOKYO: Japan will spend up to $30 billion in a stimulus package to revive the country’s regions but will keep new bond issuance in check, highlighting the tough balance Prime Minister Shinzo Abe must strike between lifting growth and fixing Tokyo’s tattered finances. Abe has pledged with his landslide win in Sunday’s election giving him a fresh mandate to end 15 ... Read More »

Japanese PM Shinzo Abe plans to lower corporate tax rate by 2.5%

TOKYO: One of the highest among major economies, Japan’s government is considering lowering the corporate tax rate by 2.5 percentage points next fiscal year to increase corporate competitiveness. Shinzo Abe Japanese Prime Minister had been planning to lower the corporate tax rate over several years to around 20 percent from more than 35 percent currently. Abe wants to make a ... Read More »

Japan to provide $ 7 million to Ukraine this week

TOKYO: The Japanese Prime Minister Shinzo Abe, in a statement, said that Japan as part of G7 will support Ukraine and provide $7 million aid this week. In a meeting with Ukrainian President Petro Poroshenko in Milan (Italy), he said that Japan would consistently support Ukraine through coordinated efforts within the G7. The press service of the head of state ... Read More »

Japan PM suffers huge blow as female ministers resign

TOKYO: Japanese Prime Minister Shinzo Abe suffered a huge blow on Monday as his two female Cabinet members resigned from their posts due to different scandals. Trade and industry minister Yuko Obuchi resigned over a funding scandal while the justice minister Justice Minister Midori Matsushima resigned after being accused of violating electoral laws, dealing Prime Minister Shinzo Abe his biggest ... Read More »

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