Author: Sasakawa USA x Tofugu.com
Categories: Sasakawa USA Blog
When a country’s birth rate shrinks, it can face major challenges. When a country’s population gets older (meaning the percentage of elderly people gets bigger), that causes problems too. But what if both happen at the same time? Japan knows, because it is facing this exact crisis right now. To promote better public understanding of this twin phenomena, Sasakawa USA teamed up with Tofugu.com, a Japanese language and culture blog.
Categories: In-Depth with Nippon.com
Prime Minister Abe Shinzō announced on June 1 that he would postpone raising the consumption tax from 8% to 10% until October 2019. The decision marks the second time for Abe to delay the hike, putting it a full four years later than planned. During the press conference announcing the postponement Abe pointed to risks to the world economy from such factors as a slowdown in emerging and developing economies, saying his decision was necessary to prevent a drop in domestic demand.