Japan Consumption Tax Hike
Japan government maintaining to raise consumption tax from 8% to 10% for the first time in five years. While Japan's economy has continued to recover moderately as a trend despite a decline in demand following the consumption tax hike, the virtuous cycle among production, income and spending has been continuing. This paper provides a critical review of Japan’s tax system and cites the reasons for the increased tax rates in the country.
Adachi, Y. (2018). The economics of tax and social security in Japan. Springer.
Adachi, Y., Uemura, T., & Saitoh, Y. (2017). Measuring the burden of indirect taxation, including consumption tax in Japan by income group: Public Finance & Management, 17(3).
Arbatli, E. C., Davis, S. J., Ito, A., Miake, N., & Saito, I. (2017). Policy uncertainty in Japan (No. w23411): National Bureau of Economic Research.
Cashin, D., & Unayama, T. (2016). Measuring intertemporal substitution in consumption: Evidence from a VAT increase in Japan: Review of Economics and Statistics, 98(2), 285-297.
CIBC Capital Market – Macro Strategy, (2018) retrieved from http://annualreport.cibc.com/pdf/ cibc-ar-18-en.pdf
Eccleston, R. (2007). Taxing Reforms: The politics of the consumption tax in Japan: the United States, Canada, and Australia. Edward Elgar Publishing.
González, R., & Hosoda, E. B. (2016). Environmental impact of aircraft emissions and aviation fuel tax in Japan: Journal of Air Transport Management, 57, 234-240.
Hansen, G. D., & İmrohoroğlu, S. (2016). Fiscal reform and government debt in Japan: A neoclassical perspective: Review of Economic Dynamics, 21, 201-224.
Hasegawa, M., & Kiyota, K. (2017). The effect of moving to a territorial tax system on profit repatriation: Evidence from Japan: Journal of Public Economics, 153, 92-110.
Hattori, M., & Yetman, J. (2017). The evolution of inflation expectations in Japan: Journal of the Japanese and International Economies, 46, 53-68.
IMF, (2019) retrieved from https://www.imf.org/external/datamapper/datasets/WEO
İmrohoroğlu, S., Kitao, S., & Yamada, T. (2016). Achieving fiscal balance in Japan: International Economic Review, 57(1), 117-154.
Japan External Trade Organization, (2018) retrieved from https://www.jetro.go.jp
Kang, M. K., Keen, M. M., Pradhan, M., & de Mooij, R. A. (2011). Raising the consumption tax in Japan: Why, when, how? (No. 11-13): International Monetary Fund.
Kitao, S. (2018). Policy uncertainty and cost of delaying reform: The case of aging Japan: Review of Economic Dynamics, 27, 81-100.
Kyodonews (2019) retrieved from https://english.kyodonews.net/news/2019/10/9a8921a268ab-japans-consumption-tax-raised-to-10-amid-swelling-welfare-costs.html
Lubik, T. A., & Rhodes, K. (2019). A closer look at Japan’s rising consumption tax: Richmond Fed Economic Brief, (October), 1-4.
Ministry of Finance, (2019) Retrieved from https://www.mof.go.jp/english/tax_policy/taxsystem/
Ogura, M. (2017). Measuring the impact of consumption tax on the cost-of-living index from the Japanese household survey: Modern Economy, 8(03), 430.
Tateno, M., Tsunashima, Y., & Akiyama, H. (2019). Japan raises the consumption tax to 10%: Retrieved 15 October 2019, retrieved from https://asia.nikkei.com/Economy/Japan-raises-consumption-tax-to-10
Trading Economics, (2019) retrieved from https://tradingeconomics.com/japan/indicators
Uemura, T., Adachi, Y., & Saitoh, Y. (2016). Measuring the burden of indirect taxation including consumption tax in Japan: by income group (pp. 1-18).
Copyright (c) 2020 Lampang Rajabhat University Journal
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.บทความลิขสิทธิ์ของวารสารมหาวิทยาลัยราชภัฎลำปาง