A close aide to Japan's Prime Minister Shinzo Abe has hinted at the possibility of delaying a consumption tax hike scheduled for October.
The government is preparing to increase the tax from 8 to 10 percent on October 1, but comments by the Liberal Democratic Party's Acting Secretary General, Koichi Hagiuda, have cast doubt on that plan.
Prime Minister Shinzo Abe says the government will be fully prepared for the upcoming consumption tax increase so as not to have a repeat of the decline in spending that followed the previous tax hike 4 years ago.
Abe made it clear on Monday that Japan's consumption tax will go up from the current 8 percent to 10 percent as planned in October 2019.
Japanese Prime Minister Shinzo Abe is expected to express his intention to proceed with a planned consumption tax hike in less than a year. He will urge his ministers to take steps to ease the impact of the move at an extraordinary cabinet meeting Monday afternoon.
The government plans to raise the consumption tax rate from 8 to 10 percent on October 1st, 2019.
OSAKA--With visitors on the increase, Universal Studios Japan here will raise its ticket prices from Jan. 31, it announced Dec. 27.
It marks the ninth consecutive year prices have been bumped up. USJ last increased admission prices in February, but the visitor spike continued. Visitor numbers to the theme park in Osaka's Konohana Ward are expected to exceed 14.5 million, which was the record high set last year.
Nissan has just released U.S. pricing details for the 2018 Altima, confirming that the refreshed model gets a slight price jump over the 2017 range.
The 2018 Nissan Altima range begins with the Altima 2.5 S priced from $24,025 including the $885 destination and handling fee. By comparison, the 2017 model started at $23,335 but that was for the entry-level 2.5, a variant no longer offered.