AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Tax Hike Initiative Launched to Remedy Debt-Ridden Finances.
(From Journal of Japanese Trade & Industry (JJTI))
For years, Japan has tried to get out of deflation and a protracted economic slump by increasing public spending. It is now changing course and is about to launch a tax hike initiative to extricate itself from the doldrums of its debt-ridden finances. The government has decided to halve the 1999 fixed-rate income tax cuts in FY 2005. In addition, debate on whether to raise the consumption tax from the present 5% is expected to start in a few years. Surprisingly, Japan has the worst fiscal situation among the G7 major economies. The balance of Japan's long-term debt at the national and local levels is projected to reach \774 trillion at the end of FY 2005, with the ratio of that balance to GDP standing at over 150%. This is in stark contrast to some 60% for the United States, which is now beleaguered with the twin budget and trade deficits. The ratio for Italy is about 120%, the second-worst among the G7 major economies. Japan's per-capita debt exceeds \6 trillion. Japan needs to continue paying \1 billion in government bond interest per hour despite extremely low domestic interest rates.
The ...
- Message to the Congress Transmitting the Japan-United States Social Security...
- Newspaper article from: Weekly Compilation of Presidential Documents Bush, George W. November 22, 2004 700+ words
...States of America and Japan on Social Security, which consists...United States-Japan Agreement is similar in objective to the social security, agreements already...United States-Japan Social Security Agreement and related...
- Japan's political opposition woos with costly promises; Party makes a pricey...
- Newspaper article from: International Herald Tribune Hiroko Tabuchi August 5, 2009 700+ words
...pricey bid for support in Japan ; Democrats woo voters...promises of vastly expanded social security Byline: Hiroko Tabuchi...Democratic Party of Japan, ahead of Aug. 30...free tuition and more social security, all without adding...YouTube video posted by Japan's governing ...
- Japan and U.S. sign social security agreement.
- Newspaper article from: International Law Update February 1, 2004 700+ words
...2004, the United States and Japan signed a "totalization agreement" to harmonize the U.S. Social Security program with the comparable program in Japan. The agreement will get rid of dual social security taxation for those who work...
- Japan, U.S. to end double social security fee payments on Oct. 1.
- Newspaper article from: Kyodo News International (Tokyo, Japan) July 26, 2005 700+ words
...TOKYO -- Japan and the United...double payments of social security premiums by their...citizens will pay social security premiums only...required to pay social security premiums to the...country with which Japan has such an agreement...
- SOCIAL SECURITY SHOULD BE TOP ELECTION ISSUE: JAPAN BIZ FED BOSS.
- News wire article from: AsiaPulse News July 7, 2009 700+ words
...July 7 Asia Pulse - The Japan Business Federation, the...visions for a sustainable social security system in their policy platforms...that "establishing a solid social security system is the most important...securing funding for various social security programs. The chairman ...
- Japan-U.S. Pact to Alleviate Duplicate Social Security Payment.
- Newspaper article from: Knight Ridder/Tribune Business News August 1, 2003 700+ words
...News Aug. 1--TOKYO--Japan and the United States effectively...companies from the burden of paying social security taxes, such as medical insurance...January. According to the Japan Overseas Enterprises Association...in addition to payments in Japan. Representatives from ministries...
- KOREA-JAPAN AGREEMENT ON SOCIAL SECURITY CONCLUDED.
- News wire article from: AsiaPulse News October 20, 2003 700+ words
...Affairs and Trade said today that South Korea and Japan reached an agreement on social security. The social security pact will exempt workers...US$13.02 million) in annual premiums from Japan's national pension, and Japanese will be exempted...
- Korea-Japan Agreement on Social Security Concluded.
- News wire article from: YON - Yonhap News Agency of Korea October 20, 2003 700+ words
...Affairs and Trade said Monday that South Korea and Japan reached an agreement on social security. The social security pact will exempt workers...US$13.02 million) in annual premiums from Japan's national pension, and Japanese will be exempted...
