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Japan Delivers Long-Delayed Consumption Tax Hike

  • Category:Other
BBC
 
Japan has increased its consumption tax for the first time in five years, bringing the long-delayed policy into effect despite concerns it may knock the economy.
On Tuesday, the country raised its sales tax rate from 8% to 10%.
The new rate applies to nearly all goods and services, though m...

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Registers, Rates And Points: Tax Hike Woes For Japanese Retailers

  • Category:Other
JAPAN TODAY
 
TOKYO - Cash register shortages, differing tax levels and a complicated points system: from Oct 1, Japan will have a new consumption tax and its complex regulations have left some retailers baffled.
The long-awaited and twice delayed consumption tax hike will move from eight percent...

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South Koreans Are Canceling Vacations To Japan And Boycotting Its Beer In A Trade War More Bitter Than Trump’s Feud With China

  • Category:Tourism
BUSINESS INSIDER
 
·  South Korea and Japan are engaged in an unrelenting trade war, which has seen both sides curb vital exports and remove each other as preferred trading partners.
·  The feud is reigniting more than 100 years of tension between the two nations, which involved Japan colonizing ...

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‘Scattered-Style’ Hotel Business Spreading

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — A unique hotel business to offer services at accommodations and eateries scattered about within walking distance is spreading in Japan.
Often reutilizing traditional Japanese houses as hotel facilities, the business aims to allow guests to walk around a city ...

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US And Japan Agree Initial Trade Deal Focusing On Agriculture

  • Category:Event
BBC
 
The US and Japan have agreed an initial trade deal that will eliminate or lower tariffs on certain products traded between them.
Duties on some agricultural goods will be removed or lowered, while digital products will also benefit.
US President Donald Trump said the world's first and third...

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Inflation By Stealth: How Japan's Firms Fight The Frugal Retail Psyche

  • Category:Other
JOURNAL PIONEER
 
TOKYO (Reuters) - After years of soggy inflation and the long reign of Japan's tight-fisted shoppers, businesses in the world's third-largest economy are adopting new methods to lift prices, from artificial intelligence to simple packaging tweaks.
Despite many rounds of stimulus...

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Forever 21 To Close All Stores, Online Shop In Japan By Late Oct

  • Category:Shopping
JAPAN TODAY
 
The Japan unit of fast fashion retailer Forever 21 Inc said Wednesday it will close all 14 stores in the country and its online shop by the end of October amid intensifying competition with other online apparel retailers.
The company said it decided to withdraw from the Japanese mar...

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Japan's Richest Man Fears Brexit Could Turn UK Into 'Sick Man Of Europe'

  • Category:Other
CNN
 
London (CNN Business)Japan's richest man has warned that Brexit is "practically impossible" and could take the United Kingdom back to the economic stagnation of the 1970s when the country was often described as the "sick man of Europe."
Tadashi Yanai, the billionaire founder and CEO of Fast...

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New LCC Terminal Opens At Centrair

  • Category:Other
THE JAPAN NEWS
 
TOKONAME, Aichi (Jiji Press) — A new terminal for low-cost carriers was opened at Chubu Centrair Airport near Nagoya on Friday, raising expectations for a boost to the number of foreign visitors to the Chubu region.
Terminal 2 at the Centrair airport is the third dedicated LCC te...

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Commercial Land Prices Outside Japan's 3 Largest Urban Areas Rise For 1st Time In 28 Years

  • Category:Other
JAPAN TODAY
 
TOKYO - The average price of land for commercial use outside Japan's three largest metropolitan areas -- Tokyo, Osaka and Nagoya -- has risen for the first time since 1991, as an influx of foreign tourists has been reviving the country's real estate scene, according to government da...

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