Dec 17, 2013

Initial '14 budget to rise to record ¥96 trillion

The initial general-account budget for fiscal 2014, which starts April 1, is likely to total a record-high ¥96 trillion, according to government sources. The Cabinet planned to approve the fiscal 2014 draft budget Tuesday, after making arrangements with the ruling Liberal Democratic Party, headed ...

Nov 27, 2013

METI to support commercial facility construction in Fukushima

The Ministry of Economy, Trade and Industry plans to provide financial assistance to municipalities near the crippled Fukushima No. 1 nuclear power plant to help them build commercial facilities, sources said Wednesday. The plan is part of an effort to promote the return home ...

Sep 10, 2013

Abe orders stimulus to avert tax hike hit

Prime Minister Shinzo Abe has instructed his ministers to draw up a stimulus package in case the planned consumption tax hike in April harms the economy, Finance Minister Taro Aso said Tuesday. Earlier in the day, Abe discussed the matter with Aso, economic and ...

Sep 3, 2013

Diet may discuss stimulus budget in early '14

The administration may submit an extra budget to the Diet early next year to stimulate the economy amid fears over the negative impact of the planned consumption tax hike in April, Finance Minister Taro Aso said Tuesday. Aso, also deputy prime minister, again indicated ...

Aug 30, 2013

Requests for Japan's fiscal 2014 budget top ¥100 trillion

Fiscal 2014 initial budget requests topped ¥100 trillion ($1.0 trillion) for the second straight year, government officials said Friday, signaling Prime Minister Shinzo Abe will face a rocky road in trying to consolidate the nation’s finances. The general-account budget requests from all ministries and ...

Jul 31, 2013

Special outlays eyed in fiscal '14 to encourage growth

The government’s budget request guidelines for fiscal 2014 will provide for special outlays to implement the growth strategy adopted in June. The special outlays will mainly cover projects in medicine, agriculture and other areas with strong growth potential, a key component of Prime Minister ...

Jul 31, 2013

Deficit cut mulled as sales tax debate intensifies

The Abe administration is considering an ¥8 trillion target for budget-deficit cuts over the next two years as officials debate how to proceed with the planned consumption tax increases that threaten to take the wind out of the economic rebound. The possible target is ...