Tax cuts in demand
Article Abstract:
Businesses and economists in Japan are asking the government to implement tax cuts to raise consumer spending and revive the economy. The requested tax cuts become even more important in view of the growing trade surplus and the expected economic rise of between 1.4% to 1.6 % in FY 1992. Although the cuts would minimally affect the state revenue from direct taxes, politicians do not believe the initiatives will trigger increased consumer spending. Nevertheless, approving the tax cuts could prove a popular decision with voters.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Good value
Article Abstract:
Japan's consumer-finance companies are now a respected part of the finance industry. The so-called sarakin quickly process unsecured, individual loans of up to three million yen. Reforms in 1983 reduced their number from 220,000 to 37,000 and lowered the maximum interest they charge from 109.5%; today it is a competitive 27%. Their default rate fell from 7% to as low as 0.2%. Three of the six largest sarakin will list shares in Tokyo in Sep and Oct 1993.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: After the flood: Indonesia criticised by bankers for poorly implemented debtstrategy. Collateral damage
- Abstracts: Here come the titans: consumer electronics firms are muscling in. After the quake, not before
- Abstracts: The secrets of strong families. Fitness: cures for everyday strains
- Abstracts: Ready for inspection. Border bonanza: smuggling case raises fears of rising corruption. Checking for bombs: doubts persist over Pyongyang's nuclear plans