Economy

Terrie's Take - AkihabaraNews.com

Terrie’s Take is a selection of Japan-centric news collected and collated by long-time resident and media business professional Terrie Lloyd. AkihabaraNews is pleased to present Terrie’s learned perspective; we all could use another take on the news - here’s Terrie’s:

Terrie's Take - AkihabaraNews.com

Terrie’s Take is a selection of Japan-centric news collected and collated by long-time resident and media business professional Terrie Lloyd. AkihabaraNews is pleased to present Terrie’s learned perspective; we all could use another take on the news - here’s Terrie’s:

Today, Japanese consumption tax increased for the first time in 17 years in order to cover growing social security costs due to an aging population.

The tax rate was raised to 8% from 5%  which, it is estimated, will raise an extra JPY 5 trillion (USD 50 billion) in tax revenue for the government in 2014 and an extra JPY 8 trillion in tax revenue in 2015.

The increase is a counterpoint to the government's JPY 5.5 trillion (USD 55 billion) stimulus package last year.

Eurotechnology Japan - AkihabarNews.com

Eurotechnology Japan is led by its founder Dr. Gerhard Fasol. He has worked in and with the academic, research, and business communities of Japan’s high-tech sector for over 25 years. Eurotechnology Japan is a technology-focused business development, strategy, and M&A advisory and implementation firm.

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