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 ...

Dads spend ¥591 on lunch on average

May 14, 2013

Dads spend ¥591 on lunch on average

Japanese fathers working in Tokyo and nearby prefectures spend ¥591 on lunch on average, down from ¥608 seven years ago, a recent survey by Norinchukin Bank says. The survey in March by the umbrella financial body for Japan’s agriculture, forestry and fisheries cooperatives drew ...

Mar 28, 2013

Cabinet OKs ¥13.2 trillion stopgap budget

With the initial budget for the year unlikely to be enacted until May, the government on Wednesday approved a ¥13.2 trillion stopgap budget for fiscal 2013 starting April 1 to fund spending for 50 days. Because it covers pension expenses and large-scale public works ...

Mar 22, 2013

Key points of U.K. austerity budget

London AFP-JIJI Chancellor of the Exchequer George Osborne announced revisions to economic growth forecasts from the Office for Budget Responsibility. He said the economy is expected to avoid sliding into a triple-dip recession in the first quarter of 2013. The forecast for GDP growth ...

Jan 30, 2013

Defense outlays see first rise in 11 years

Prime Minister Shinzo Abe’s government said Tuesday it will effectively expand defense spending for the first time in 11 years in its draft fiscal 2013 budget, in the wake of the growing assertiveness of China around Japan-controlled islets in the East China Sea. The ...

Jan 30, 2013

¥156 billion for nuclear projects

The government earmarked Tuesday ¥156.4 billion for the industry ministry to accelerate efforts to scrap the Fukushima No. 1 plant’s reactors and support companies seeking to export nuclear technologies in the draft budget for the next fiscal year. About ¥4.2 billion will go to ...