10 percent tax eyed on food eaten inside stores in Japan
Jiji -- Oct 05
The Finance Ministry is considering not applying a reduced tax rate to food and nonalcoholic beverages sold and consumed at the same stores when Japan's consumption tax is raised from 8 pct to 10 pct in October next year, it was learned Thursday.

The ministry now plans to apply the reduced rate of 8 pct to all food and nonalcoholic beverages at retail outlets, such as convenience stores, on condition that they are not consumed inside outlets, informed sources said while citing new criteria for the application of the reduced rate compiled by the ministry.

The new criteria do not reflect the convenience store industry's request for leaving the 8 pct tax rate unchanged for all food and nonalcoholic drinks, including those consumed in dining spaces.

To get full application of the reduced rate, grocery stores with sitting spaces will be required under the new rules to explicitly notify shoppers of prohibition of eating and drinking there, the sources said.

News source: Jiji
Dec 12
As the global shortage of skilled information technology experts hits Japan hard, companies are scrambling to lure and keep top talent with hefty annual pay packages. (Nikkei)
Dec 11
Winter bonuses at Japanese companies averaged an all-time high of 834,391 yen ($7,400) this year, according to a Nikkei survey released Monday, notching a sixth straight year of growth on strong corporate earnings. (Nikkei)
Nov 29
Japan's gross domestic product could fall by over 25% in the next 40 years as its population declines, the International Monetary Fund said Wednesday, urging the government to boost productivity through structural reform to mitigate the damage. (Nikkei)
Nov 23
Japan plans to give a 5 percent reward-point rebate to consumers on some payments made through credit cards and other cashless means as a way of underpinning domestic demand after a planned tax increase next October, government officials said Thursday. (Japan Today)
Nov 15
Between 260,000 and 340,000 foreign workers are estimated to flow into Japan in the five years from next April through an envisioned immigration control law revision aimed at dealing with the country's serious labor crunch, government sources said Tuesday. (Japan Today)
Nov 15
Japan's economy contracted for the first time in 2 quarters. Government officials say a string of natural disasters in the period dented exports and consumer spending. (NHK)
Nov 14
For the first time in almost three decades the Salt Industry Center of Japan has announced it will raise the price on many of its products by around 15 percent, indicating inflation has finally arrived in at least some industries. (Japan Times)
Nov 10
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. (Japan Times)
Nov 05
Japan's government-affiliated financial institution says the 4 major natural disasters that hit the country this year are expected to have a negative impact on the country's economy of more than 10 billion dollars. (NHK)
Nov 04
Missing: A tiny island off Hokkaido. Or so authorities fear, prompting plans for a survey to determine if the outcrop has been washed away, ever so slightly shrinking the country’s territorial waters. (Japan Times)