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Japan Sales Tax

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BUSINESS
March 10, 1988 | From Reuters
Japan's ruling Liberal Democratic Party feels a desperate need to introduce a sales tax if it is to avoid national insolvency and political disaster in the future. But its efforts over the past 10 years to pass such a tax have proven fruitless in the face of bitter parliamentary and voter opposition. On Tuesday, Prime Minister Noboru Takeshita dropped the latest proposal after vociferous opposition protests that stalled all other parliamentary business for nearly a week.
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BUSINESS
March 10, 1988 | From Reuters
Japan's ruling Liberal Democratic Party feels a desperate need to introduce a sales tax if it is to avoid national insolvency and political disaster in the future. But its efforts over the past 10 years to pass such a tax have proven fruitless in the face of bitter parliamentary and voter opposition. On Tuesday, Prime Minister Noboru Takeshita dropped the latest proposal after vociferous opposition protests that stalled all other parliamentary business for nearly a week.
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BUSINESS
June 18, 1997 | From Times Wire Services
Japan's contentious trade surplus showed a dramatic rise for the second month in a row in May, giving Prime Minister Ryutaro Hashimoto some unwelcome news to take to this weekend's summit of G7 nations. Japan's global trade surplus, often the source of bitter rows with the United States, jumped more than 200% in May from a year earlier to $6.53 billion, the Finance Ministry said today.
WORLD
September 15, 2010 | By John M. Glionna and Yuriko Nagano, Los Angeles Times
Japanese Prime Minister Naoto Kan survived a takeover attempt from within his own Democratic Party on Tuesday, defeating an ambitious political boss who helped set the stage for Kan's rise to power just three months ago. Kan's defeat of Ichiro Ozawa spares the nation the upheaval of having its third new prime minister in just 12 months, and its sixth in four years, as it struggles with prolonged economic woes. To many, the results signaled a hard-won victory over old-school political arm twisting by a pragmatic former civic activist.
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