Japan government ups capex view, economy recovering

TOKYO (Reuters) - Japan's government raised its view on capital spending for the first time in four months in May on the back of firms' positive earnings, showing the economy remains resilient despite some negative impact from a sales tax hike last month.

Noda's tax success may fail to end Japan deadlock

(Reuters) - After years of policy paralysis in Japan, Prime Minister Yoshihiko Noda has pushed a much-needed but unpopular sales tax hike through the lower house of parliament, but the chances of further reform in the world's third-largest economy seem unlikely.

Japan PM reshuffles Cabinet over tax bill

TOKYO - Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet Monday, replacing five ministers in an attempt to gain opposition support for his plan to double the sales tax.

Sales tax increase approved by Japan's cabinet

The Japanese cabinet has passed a plan to double sales taxes in an attempt to control the soaring costs of public debts.