Steps Toward Restoring the Medium- to Long-Term Sustainability of Social Security
Author: Oguro Kazumasa
Categories: In-Depth with Nippon.com
Japan’s public finances are facing an unprecedented situation in both historical and international terms. The debt to GDP ratio of general government (central and local) has exceeded 200%, an all-time high surpassing the level recorded in fiscal 1944 toward the end of World War II.
Tags: debt, economics, Economy, finance, fiscal reform, Japan, taxes
Fiscal 2018 Tax Reforms Aim at Overcoming Deflation
Author: Morinobu Shigeki
Categories: In-Depth with Nippon.com
The Liberal Democratic Party and Kōmeitō announced a tax reform package for fiscal 2018 that will affect the income tax, the corporate tax, and the tax on business succession (inheritance tax) as well as establish such new taxes as a departure tax for travelers leaving Japan.
Tags: Abe, Abenomics, fiscal reform, Japan, Liberal Democratic Party, Shinzo Abe, taxes
Japan seeks to achieve fiscal reform goal through robust growth
Author: Nikkei Asian Review
Categories: Daily Japan News
The government hopes to reach its goal of fiscal reform through strong growth rather than a bump in the consumption tax.
Tags: administration, fiscal reform, growth, Japan