Japanese Finance Minister Naoto Kan said he was open to debating sales tax reform, suggesting the government may consider raising the tax to help fund its spending programs focused on supporting households.
Japan's economy grew faster than expected in the fourth quarter with a stimulus-fueled rebound in domestic demand and a corporate investment revival masking rising deflationary pressure and the risk of a slowdown in 2010.
Japan will start discussing tax reform, including consumption tax, in March, Finance Minister Naoto Kan said on Sunday, in a clear sign ever that it will consider a rise in sales tax to deal with a yawning fiscal gap.
The Vancouver Olympics kicks off tonight, and already more than 60,000 people are there to witness the Olympic cauldron being lit in BC Place stadium during the opening ceremony. Below is a breakdown of the Full Olympics Schedule of 2010:
Japan's Honda Motor Co's Indian car unit has revived plans for production at its second plant in India due to a surge in sales last year, a senior company official said.
Shareholders of South Korea's Hynix Semiconductor took another bruising as they failed at a third attempt to sell part of their $3.1 billion controlling stake in the world's No. 2 memory chipmaker.
Toyota Motor said on Friday its embattled head is planning a U.S. trip early next month but would not confirm whether he would attend congressional hearings probing the automaker's safety recalls.
About 87 percent of cars recalled by Honda this week were cars sold in the U.S., according to data released by Honda on Wednesday.
Kazuo Akatsuka, 55, lives a life that is dominated, for better or worse, by his employer, Toyota Motor Corp, and right now it's got him a little worried.
Sanctions on North Korea will not be removed until Pyongyang returns to disarmament talks and takes serious steps toward scrapping its nuclear arms program, the foreign ministers of South Korea and Japan said on Thursday.
The euro rose on Thursday ahead of a key EU summit that could lay the groundwork for a rescue of debt-stricken Greece, while Asian stocks gained for a third day, powered by strong economic data from Australia and China.
Asian stocks rose for the third day in a row on Thursday, powered by strong economic data from Australia and China, while the euro steadied ahead of a key summit that could lay out a rescue plan for debt-stricken Greece.
A UQ researcher has surveyed and interviewed students across three continents to understand the social representations, values, beliefs, attitudes and meanings associated with youth suicide.
Micron Technology Inc said it is acquiring privately held Numonyx Holdings B.V. on Tuesday in an all-stock deal valued at about $1.27 billion.
Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags, as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.
Honda Motor said on Wednesday it aims to sell at least 632,200 vehicles in China this year, up 10 percent from 2009, though the pace of growth will likely slow compared with a surge last year due to government incentives.
Toyota Motor Corp was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States.
Stock index futures rose on Wednesday, taking a cue from gains in global markets, as the prospects of a rescue plan for heavily indebted Greece strengthened sentiment.
Stock index futures rose on Wednesday, taking a cue from gains in global markets, as the prospects of a rescue plan for heavily indebted Greece strengthened sentiment.
Firming expectations of a Greek bailout lifted world stocks, the euro and commodity prices on Wednesday, and sent Greece's borrowing costs lower.
World stocks rose on Wednesday and Greece's borrowing costs fell on the prospects of a Greek bailout, while safe-haven German government bond prices dipped and the euro eased after the previous session's hefty gains. Oil prices fell after data showed a large build in U.S. inventories but gold prices were flat, taking a pause from Tuesday's rise.
Corrects cost of latest Honda recall in 12th paragraph to 2 billion yen to 3 billion yen, from 20 billion yen to 30 billion yen. Changes currency conversion.
