Dec 18, 2014

Next year's budget expected to hit record ¥98 trillion

The general account budget for fiscal 2015 is likely to reach a record high of about ¥98 trillion, exceeding the ¥95.9 trillion initial budget for this year, Finance Ministry sources said. With Prime Minister Shinzo Abe eager to shore up the flagging economy, policy ...

Next year's draft budget unlikely to be cleared until Jan. 14

Dec 11, 2014

Next year's draft budget unlikely to be cleared until Jan. 14

The Abe administration is looking to adopt the draft budget for fiscal 2015 at a Cabinet meeting Jan. 14, assuming the ruling coalition wins Sunday’s election as expected, according to informed sources. In another key step for compiling the budget for the fiscal year ...

Oct 31, 2014

Next extra budget likely to weigh in at only ¥3 trillion

The government is considering compiling an extra budget of only ¥3 trillion for fiscal 2014 ending in March to prevent the economy from drooping further from the consumption tax hike in April, sources close to the matter said Friday. The extra budget compiled for ...

Sep 2, 2014

Put fiscal health ahead of politics

Ballooning budget requests by ministries for fiscal 2015 total more than ¥100 trillion for the first time, raising serious doubts about the Abe administration's commitment to fiscal discipline.

Aug 29, 2014

Fiscal 2015 budget requests climb to record ¥101.7 trillion

Budget requests for fiscal 2015 have surged a record ¥101.7 trillion amid Prime Minister Shinzo Abe’s push to halt Japan’s population decline and remilitarize, government officials said Friday. It is the first time general-account budget requests have topped the ¥100 trillion ($961.7 billion) line, ...

Aug 4, 2014

Defense Ministry to seek funds for amphibious assault ship study

The Defense Ministry wants money from the fiscal 2015 budget to research the possibility of adding amphibious assault ships to the Maritime Self-Defense Force, defense officials said. The ministry plans to start studying the size and functions needed for ships of this type with ...

Apr 14, 2014

Institute 'spent thousands on costly furniture'

A publicly funded research institute that has accused one of its own scientists of faking data spent tens of thousands of dollars on expensive furniture, reportedly to use up its budget. The respected Riken Institute, headed by Nobel chemistry laureate Ryoji Noyori, spent almost ...