China eyes huge deficit to cushion reforms, slowing growth

Dec 30, 2015

China eyes huge deficit to cushion reforms, slowing growth

China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after a year of easing monetary policy has brought disappointing results. The government is ...

Dec 19, 2015

Cost to host 2020 Olympic Games surges sixfold to ¥1.8 trillion

The cost to host the 2020 Tokyo Olympics has skyrocketed, with the tally now roughly six times the original estimate of ¥301.3 billion (roughly $2.5 billion) a source said Friday. Calculations by the Tokyo 2020 Organizing Committee and the Tokyo Metropolitan Government have now ...

Dec 18, 2015

Abe's Cabinet OKs ¥3.5 trillion extra budget to support economy

Prime Minister Shinzo Abe’s Cabinet approved an extra budget Friday worth ¥3.5 trillion for this fiscal year through March to bolster the economy through enhanced welfare services and a more competitive farm sector. The fiscal 2015 supplementary budget plan is designed to realize the ...