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Shinzo Abe

Consumption Tax Increase: Tapping into Public Opinion

The Wall Street Journal reports that in efforts to include the view of the people on the proposed consumption tax increase, Prime Minister Abe has gathered a group of 59 “knowledgeable people” to express their opinions starting Monday of next week. They will face a panel consisting of Minister for Economic Revitalization Akira Amari, Minister of Finance Taro Aso and Bank of Japan Governor Haruhiko Kuroda. According to Amari, the aim of the hearings is to “provide Mr.

Shinzo Abe

Consumption Tax Increase: Divergence of Views

An interesting article by the Nikkei Shimbun analysing the divergence of views on the consumption tax hike within the Abe Cabinet. Indeed something that will drive markets in weeks to come and a topic for Abe today, his first day back in Nagatacho after a week's summer vacation. 

What is TPP

Japan Sends Delegation to Malaysia for TPP Negotiations

A 100-member delegation left Japan to participate in the Trans-Pacific Parternship (TPP) negotiations that began last week in Malaysia. Led by Deputy Foreign Minister Koji Tsuruoka, the delegation also consists of representatives from the Ministry of Foreign Affairs, Ministry of Economy, Trade and Industry, and the Ministry of Agriculture, Forestry and Fisheries.


Asahi Shimbun Survey: House of Councillors Proportional Representation Voting, Liberal Democratic Party 41%, Democratic Party of Japan 8%

On July 6 and 7, the Asahi Shimbun conducted a second survey (telephone) in regards to the House of Councillors election. The Liberal Democratic Party (LDP) topped the list at 41% (the first survey conducted on June 29 and 30 indicated 44%) of proportional representation votes, followed by the Democratic Party of Japan (DPJ) at 8% (same as last survey), the Japan Restoration Party at 7% (same as last survey), Your Party at 7% (same as last survey) and the Japanese Communist Party with 5% (same as last survey).

Shinzo Abe

The Third Arrow of Abenomics: TINA

Japan's economy is too large to continue to drift through recession and deflation. In considering the challenges we face, I always start from this basic realization. To put the size of the Japanese economy into context, as measured in nominal GDP, it is larger than Germany and the U.K. combined.

IPF Forum

Parliamentary Vice Minister Masaaki Taira addresses the GR Japan IPF Forum

At a meeting of GR Japan's International Policy Forum on 20 May, Japan's Parliamentary Vice-Minister for Economy, Trade and Industry, Masaaki Taira, addressed an audience of business leaders on the Abe government's growth strategy for Japan. New measures include limiting the scope of directors' liability, protecting SMEs from large companies, cutting corporation tax, easing consumer finance regulations to expand the availability of credit and lifting the current ban on casinos and integrated resorts.