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Japan's top two financial ministers openly disagreed on whether a corporate tax cut was needed to cushion any pain from an increase in the sales tax, as the government upgraded its view of the economy on Friday for the seventh time this year.
KUALA LUMPUR: Palm oil producers are urging the government to reconsider and review the Sales Tax (Rates of Tax) Order 2018 on fresh fruit bunches (FFB) as the industry is already burdened by cesses, levies and taxes, including the corporate tax.
Most Japanese companies will not increase hiring in 2014 and more than one in six will take additional cost-cutting steps as a planned sales tax hike next year worsens economic conditions, according to a Reuters poll that underscores scepticism about Prime Minister Shinzo Abe's policies.
TOKYO: Japan's economic recovery is expected to survive the impact from scheduled increases in the sales tax, a Reuters poll showed, as the government prepares economic stimulus measures to soften the blow.
TOKYO: The Bank of Japan will consider further monetary easing if Prime Minister Shinzo Abe decides to raise the sales tax as planned to 8 percent from 5 percent in April, the Asahi newspaper reported on Wednesday.
TOKYO: Japan's factory output unexpectedly fell in February at the fastest pace in eight months in a possible sign that the benefits from last-minute demand before an impending sales tax hike may have run their course.
Japan's switch to aggressive reflationary policies got off to a good start, but long-term investors remain wary of the Nikkei share market's acute volatility and are hesitant to commit as a debate within the government over hiking the sales tax heats up
TOKYO: Japanese Prime Minister Shinzo Abe (pic) said he was not considering raising the sales tax beyond 10% under his administration, and that he saw no such need for at least a decade.
Japan's economic growth in the July-September quarter next year will be a crucial factor determining whether the government proceeds with a second stage of sales tax increases in 2015, Prime Minister Shinzo Abe said on Friday.