Japan PM says sales tax to increase in April

The Jakarta Post

Prime Minister Shinzo Abe went ahead Tuesday with a much debated sales tax hike needed to offset Japan's soaring public debt, gambling that the country's economic recovery is strong enough to absorb the shock.

Japan's consumer inflation rises to 5-year high


Japan's core consumer prices, which exclude volatile food prices, rose 0.8 percent in August from a year earlier, recording their biggest annual rise in almost five years.

The rise in the core consumer price index (CPI) marked the third straight month of increases and was above analyst expectations in a Reuters poll for a 0.7 percent rise.

It is the latest sign that aggressive monetary easing from the Bank of Japan this year is helping to push Japan out of the deflation that has hampered the economy for almost two decades.

Japan to raise sales tax to 8pc in April

Bangkok Post

Prime Minister Shinzo Abe has decided to raise Japan's sales tax next year but plans to launch a USD50 billion stimulus package to avoid hurting the nation's budding economic recovery, reports said Thursday.


Consumer prices climb in Japan, retail sales fall

The Jakarta Post

Japan's economic recovery gained momentum in July, as manufacturing accelerated and consumer prices rose for a second straight month, despite weaker household spending and retail sales.

The data released on Friday showed the consumer price index rose 0.7 percent in July from a year earlier, for the second straight month of gains.That suggests efforts to break free of years of demand-dampening deflation are progressing. The CPI rose 0.2 percent in June.

However, the core index, which excludes food and energy prices, fell 0.1 percent.

Japan Jun retail sales rise 1.6pc y/y

The Business Times

Japanese retail sales rose 1.6 percent in June from a year earlier, government data showed on Monday, in a sign that hopes for economic recovery are underpinning consumer spending.

The annual rise compared with a 1.9 percent gain projected by economists in a Reuters poll and followed a 0.8 percent gain in May, data from the Ministry of Economy, Trade and Industry showed.

For related articles, visit The Business Times.

Japan consumers most upbeat in 7 years


Consumer confidence in Japan rose to its highest level in over seven years during the second quarter, a survey by market research firm Nielsen showed on Tuesday, as the country undergoes an economic revival led by Prime Minister Shinzo Abe.

Japan's consumer confidence index rose five points to 78, its highest reading since the first quarter of 2006, according to Nielsen's quarterly survey of consumer confidence and spending intentions.

Japan's retail sales up 0.8pc in May


Japan's core consumer prices for May were unchanged from a year earlier, marking the first time in seven months that prices have stopped falling, while industrial output surged past forecasts, data showed on Friday.

The consumer price index (CPI) for the month came in flat, following a 0.4 percent year on year decline in April.

Retail sales rose 0.8 percent in May from the year before, compared to a revised 0.2 percent decline in April.


Japan records 8-year high in consumer confidence

Consumer confidence across Asia-Pacific has risen amid stable economic growth in Asia-Pacific, with the emerging markets of Myanmar, India, Indonesia and the Philippines leading the region, according to the latest MasterCard Index of Consumer Confidence.

However, Japan recorded the most substantial improvement in consumer confidence, surging 37.0 index points from the previous survey to 60.7 index points, the highest it has been since the second half of 2005 when the index reached 63.0 index points.

Consumer prices in Japan fall for 5th straight month


Japan's core consumer prices fell 0.5 percent in March from a year earlier, down for a fifth straight month, government data showed on Friday, suggesting the Bank of Japan faces a tough task to achieve its 2 percent inflation target.

The fall in the core consumer price index, which includes oil products but excludes volatile prices of fresh fruit, vegetables and seafood, compared with a median market forecast for a 0.4 percent annual fall. It followed a 0.3 percent decline in the year to February.

Japan consumer mood in Mar at highest in almost 6 years

The Japan Times Online

Japanese consumer confidence improved in March to the highest level in almost six years, a Cabinet Office survey showed on Wednesday, indicating that aggressive government and central bank policies are having their desired effect.

The survey's sentiment index for general households, which includes views on incomes and jobs, was 44.8 in March, which was the highest since May 2007. That was also up from a revised 44.2 in February.

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