Also view the Chinese economy recovery
In China, view Chinese economy index indicating the economic conditions in the manufacturing sector last month rose three consecutive months, had been slowing down that is picking up also out.
Regret exceedingly Deputy Prime Minister Mizuho Bank
a problem that Mizuho Bank, had done loans to gangsters and colleagues through the credit company, at a press conference after the cabinet meeting, in terms of it was said, "I regret exceedingly," Aso Deputy Prime Minister-cum-finance minister Mizuho Bank I was asked for to build an internal management system as soon as possible.
Strong consumption in Osaka redevelopment
In Osaka, the movement of the improvement of the economy has continued to background sales of department stores such as increased in 10 consecutive months of the rush to redevelop the center becomes a tailwind, a strong consumption.
"Deep consumption tax increase very significance" Deputy Prime Minister
For it to be raised to 8% from April next year the consumption tax rate is determined, at a press conference after the cabinet meeting, as sustainable "social security system, Aso Deputy Prime Minister cum Minister of Finance to generations of children and grandchildren As I mentioned very, "said meaningful in terms because it will take over, shows the path of fiscal consolidation, and that will maintain the confidence of the financial. That basis, in relation to that as economic measures in preparation for raising the tax rate, to organize a supplementary budget for this fiscal year of 5 trillion yen, you want every effort to ensure the revival of the Japanese economy and deflation through "economic measures. Just , and said that because he would be asked to burden the people with higher taxes, as not to mistake or the priority of the budget or the wasteful spending, even more, and "want to budgeting with a sense of tension directly below.
In the economic recovery phase reconstruction corporation tax abolished ahead direction
At a press conference after the cabinet meeting, for it to consider the abolition of one year ahead of schedule of special reconstruction corporation tax, Amari economic recovery minister, the efforts necessary to economic recovery and deflation, which is the most important issue of "regime It was said that standing on the basic idea of implementation, and "go concluded in the direction to do.
To consider fare revision of diplomatic relations phase ¥ 1 unit
In relation to that movement towards the increase in the consumption tax rate, to consider the fare revision of ¥ 1 unit intended for IC card ticket in the part of the railway company in the metropolitan area is out, Ota Minister of Land Cabinet At a press conference after, we showed the idea to start consider whether to allow the introduction.
I appreciate Keidanren chairman decision
Yonekura, chairman of Keidanren the negative aspect of the consumption tax increase in that it has launched and investment tax burden or measures. Households who appreciate the decision of the "Prime Minister Abe, the economic measures of the scale of 5 trillion yen to reporters As I mentioned the future, as well as to stimulate the economy to promote a bold deregulation, and government. going to be replaced with "I want to establish a social security system that can be peace of mind people to be propped up.
Price movements modest yen exchange rate
Tokyo foreign exchange market of the day, the yen has become a modest price movements move to sell the dollar from political turmoil surrounding the dollar and buying yen selling was against the background of the expectations of deflation, the budget of the United States is out.
Burden of household 8% consumption tax rate
If the consumption tax rate was raised to 8 percent in April next year, I will take a look at the burden of the household whether increase how much. Economic Research Institute of the private sector, Dai-ichi Life Research Institute of Economy, was estimated for the case of households of four people two children and husband and wife on the basis of the Ministry of Internal Affairs and Communications "Family Income and Expenditure Survey." First, in the household of less than 2.5 million yen, the burden of household is increased ¥ 55,349 per year compared to the current annual income ▽. In addition, households ▽ 400 over $, of less than 4.5 million yen, 64,999 yen, 73,691 yen in the households of less than 5.5 million yen ▽ 500 over $, in the households of 12.5 million yen less than ▽ 1000 over $ I have 114,118 yen, the burden will increase, respectively.
International comparison of the consumption tax increase tax rate
Tax rate of consumption tax in Japan is said to be a relatively low level in the developed countries. As of January this year, out of the 34 countries that joined the OECD = Organisation for Economic Co-operation and Development, the highest tax rate of value added tax which is equivalent to consumption tax in Japan with 27% of Hungary, then Iceland is 25. 5%, Sweden 25%, many countries in Europe has become around 20%. Country social security services is generous even many in the country these value-added tax rate is high, medical services are operated in funding the tax revenue in the UK of 20% value-added tax rate for the standard, you can receive free . In addition, 17% China, 10% in Korea, Canada has become a 5% same as Japan. In addition, in the United States, the city and many states are providing a value-added tax, for example, has become a 8.875% in total of the state and city in New York City.
Burden of the consumption tax increase household
If the consumption tax rate was raised to 8 percent in April next year, I will take a look at the burden of the household whether increase how much. Economic Research Institute of the private sector, Dai-ichi Life Research Institute of Economy, was estimated for the case of households of four people two children and husband and wife on the basis of the Ministry of Internal Affairs and Communications "Family Income and Expenditure Survey." First, in the household of less than 2.5 million yen, the burden of household is increased ¥ 55,349 per year compared to the current annual income ▽. In addition, households ▽ 400 over $, of less than 4.5 million yen, 64,999 yen, 73,691 yen in the households of less than 5.5 million yen ▽ 500 over $, in the households of 12.5 million yen less than ▽ 1000 over $ I have 114,118 yen, the burden will increase, respectively. In addition, if the tax rate was raised to 10 percent, 90,571 yen compared to the current household of 2.5 million yen less than ▽ annual income, households ▽ 400 over $, of 4.5 million yen less than 106,363 yen, ▽ It is calculated that 120,585 yen in the households of 5.5 million yen less than 5 million yen or more, ¥ 186,739 households of 12.5 million yen less than ▽ 1000 over $, the burden increases, respectively.
Price movements modest share price
From the budget of October or later is not established from the confrontation between the ruling and opposition parties in the United States, the impact on the real economy is concerned, trading aggressive is ahead, the Tokyo stock market one day, a modest price movements stock price became.
Whole picture turned out a new economic measures
and that the full extent of the new economic measures with the increase in the consumption tax rate that the government is determined by the Cabinet of the evening one day become apparent, to organize a supplementary budget of 5 trillion yen, and higher wages and capital investment for companies such as tax cuts of 1 trillion yen to encourage have been included.
Considering the price of the car display
To make with such dealers or car manufacturers "automobile Fair Trade Council", about the price display of bikes and cars when the consumption tax rate was raised, and coordinate with member organizations and whether or not to preserve the same as the current "tax Display" we are working. Opinion If you have different and far as "tax Display", it is necessary to update or opinion and could give confusion to consumers, such as wrong price and tax, the system of dealers, cost burden, such as increased it is that has come out many. In this organization, we have to be light of these opinions, to determine the response to this month.
A month the first time low-level or long-term interest rates 5
Tokyo bond market of the day, from the fact that it was announced a policy of Prime Minister Abe is raising the consumption tax rate from April next year, the movement to buy Japanese government bonds expectations for fiscal reconstruction spreads is strengthened temporary, long-term interest rates approximately 5 I was reduced to 0.655% on the month or the first time.
Suggest embargo withdraw the National Federation of Fisheries Cooperative Associations Korea
In contaminated water problem of TEPCO's Fukushima Daiichi Nuclear Power Station, the 1st, representatives of the National Federation of Fisheries Cooperative Associations = National Federation of Fisheries Cooperative Associations has met with Ambassador of South Korea about what Korea has to import ban seafood such as Fukushima Prefecture, I have requested a withdrawal import ban as such poor scientific basis.
A month the first time or increase new car sales in the country 5
Become a 522,760 units, 17 percent higher than the same month of the previous year, the number of new cars last month, has been sold in Japan, has started to increase in the month or the first time in 5. Such thing and that the introduction of new cars who sang the low fuel consumption were numerous, sales of mini vehicles were strong is the main factor.
The consumption tax hike law
Consumption tax hike law, has established that the 8% on April 1 of next year, to 10 percent in October 1 of the year after next, to raise, respectively, the consumption tax rate of 5% currently. To ensure the funding of social security costs continue to increase along with the aging purposes, by law, be devoted to social security nursing and medical care, and child care uses for their minute to raise the consumption tax rate has been specified. However, did on that we can forego hike by economic conditions, the so-called "economic elastic clause" also be included, it was confirmed a variety of economic indicators, we are asked to determine the overall. About this economic indicators, in law, at an average of 10 years up to 32 fiscal year, about 3% in nominal terms, with the aim so as to be about 2% in real terms, the economic growth rate is required to implement necessary measures so government are, however, not specific conditions toward the pulling, we have established to determine the responsibility of the Cabinet at that time.
Prospect of extra 5% increase capital investment of large companies
When depends on the Tankan = Short-term Economic Survey of Enterprises Bank of Japan has announced, at the prospect of more than 5.1% the performance of last year, the second half of the month later, capital investment that large companies are planning to this year, the manufacturing sector in particular growth has been remarkable.
The split of the corresponding consumption tax price display distribution leading
For the price of the display when the consumption tax rate was raised, the leading distribution group "ion" whereas the emphasis plus the consumption tax to body price a "total view" and "Seven & i Holdings," " The firm respectively to emphasize the policy tax display "and became a prospect that corresponding split.
Am closing stock price rise
The Tokyo stock market of the day, the order spread to buy from the fact that the depreciation of the yen is progressing and that the economic decision has been improvement in the Bank of Japan Tankan, stock price has risen.
Month the first time or reduced consumption expenditure of 2 August
Consumption expenditure of households in August this year that shows the movement of personal consumption, were lower than in the same month of the previous year in the month the first time or two, such as reaction of last year the purchase of motor vehicles has increased in the eco-car subsidies.
4.1% in the unemployment rate of deterioration in August
The unemployment rate nationwide in August at 4.1%, and by 0.3 percentage points compared to the previous month, it was worse in the first time in six months.
The recovery in the level of the month or the first time in five years 10 Tankan
etc. that you and depends on the Tankan = Short-term Economic Survey of Enterprises Bank of Japan announced on the 1st, profitability of foreign operations and export of companies have improved in the depreciation of the yen, the economic decision of manufacturing of large companies, plus 12 points The eight points higher than the previous survey, it has been restored to the highest level in the Lehman shock of 2008.
Or about 5 trillion yen next fiscal year revenue growth in the consumption tax increase
If the consumption tax rate was raised to 8% from April next year, next year = increase the amount of 26 fiscal year was found that it is expected to be about 5 trillion yen combined national and local. Government has decided to undergo increase in the consumption tax rate to be determined, to make adjustments for some use specific social security.
law enforcement consumption tax "tax Display" admit
For sales price that is displayed in the retail dealer, etc., the government has been obliged to "display of a gross" plus the consumption tax to body price of the product so far, but with the increase in the consumption tax rate from April next year law that incorporates and decide to use, "Display of tax" that does not include the consumption tax also admit has been enforced from the 1st.
Spate shipping price hike in grocery
In response to the soaring of raw materials due to the depreciation of the yen, it is raised in succession shipping price, such as sesame oil and milk, grocery necessary to daily life goes into October, it is likely to lead to higher prices of goods for consumers to hand .