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TOKYO (Reuters) - After hosting a G7 summit this week and escorting U.S. President Barack Obama on a visit to Hiroshima, Japanese Prime Minister Shinzo Abe was widely expected to postpone an unpopular sales tax hike, call a snap election and seek big wins in both houses of parliament.
TOKYO: In late 2014, Japanese Prime Minister Shinzo Abe caught markets and voters off-guard when he postponed an unpopular sales tax hike and called a snap election. Less than two years later, the only surprise will be if he doesn't repeat the play.
TOKYO (Reuters) - In late 2014, Japanese Prime Minister Shinzo Abe caught markets and voters off-guard when he postponed an unpopular sales tax hike and called a snap election. Less than two years later, the only surprise will be if he doesn't repeat the play.
TOKYO: A delay in Japan's planned increase to its sales tax could have negative implications for the country's sovereign debt rating, an official at Fitch Ratings says.
A WAIVER on sales tax for all small- and medium-sized industries (SMIs) and service tax for the tourism industry could help further stimulate domestic consumption, said SMI Association of Malaysia president Looi Teong Chye.
TOKYO (Reuters) - Japanese ruling party heavyweight Ichiro Ozawa threatened to vote against bills to increase the sales tax, the latest sign of trouble for Prime Minister Yoshihiko Noda and his battle to fix the nation's tattered finances.
WASHINGTON: Japanese Finance Minister Taro Aso pledged to global finance leaders that Tokyo will forge ahead with a scheduled sales tax hike in October, even as weakening global growth darkened the outlook for the export-reliant economy.
KOTA KINABALU: The Sandakan Fishing Association has urged the Sabah Government not to impose the 5% sales tax on frozen seafood exported from the state effective Jan 1.