Japan's government urged to cut doctor fees, drug costs

Nov 24, 2015

Japan's government urged to cut doctor fees, drug costs

A Finance Ministry panel on Tuesday urged the government to limit increases in social security expenses in fiscal 2016 as the state tries to rein in the costs of a graying society. “We’d like to call for limiting the increase for the ‘graying factor’ ...

Sep 4, 2015

Japan's medical spending to top ¥40 trillion in fiscal 2014

Japan’s medical expenses in the year to March 2015 are certain to hit a new high above ¥40 trillion ($332 billion) on the back of the nation’s graying population, health ministry data showed Thursday. Spending is likely to set a record for the 12th ...

Aug 11, 2015

Japan's government debt hits record high ¥1.057 quadrillion

The central government’s debt hit a record high of ¥1.057 quadrillion at the end of June, up by some ¥3.87 trillion from the end of March, according to the Finance Ministry. The national debts, or the combined balance of outstanding Japanese government bonds, financing ...

Jul 10, 2015

Local tax revenue up for fifth year

Total tax revenue at the local level rose 4.8 percent in fiscal 2014 from the previous year to ¥38.42 trillion, up for the fifth consecutive year, the internal affairs ministry said in a preliminary report. The growth in the year ended in March reflected ...

Jun 18, 2015

State still on track to miss fiscal 2020 reform goal

The government is still on track to miss a key fiscal rehabilitation goal in fiscal 2020, government sources said Wednesday. The sources said the government is set to leave its projection for missing the goal unchanged in its upcoming medium- to long-term fiscal estimate. ...

Jun 1, 2015

Fiscal council tells Aso to tame spending

An advisory panel to Finance Minister Taro Aso warned in a report Monday that a proposed government fiscal reform plan that relies excessively on a revenue increase derived from economic growth is “too optimistic.” The panel called on the government to improve fiscal health ...

May 11, 2015

Medium-term target expected for 2020 fiscal reform goal

The Abe administration plans to set a medium-term target to achieve its key fiscal reform goal in fiscal 2020, aiming to reduce the ratio of the primary deficit to gross domestic product to around 1 percent in fiscal 2018, sources said Monday. The medium-term ...

Aso vows to improve 'extremely severe' public finances

Feb 12, 2015

Aso vows to improve 'extremely severe' public finances

The state of Japan’s public finances is “extremely severe,” Finance Minister Taro Aso said on Thursday, vowing to do whatever is needed to boost revenues and cut expenditures to restore the country’s fiscal health. Aso, who is also deputy prime minister, said Tokyo will ...

Feb 12, 2015

Japan to miss 2020 fiscal reform goal: Cabinet

Japan is set to miss its key fiscal rehabilitation goal in fiscal 2020, even if the doubling of the consumption tax is completed and the economy is on a solid recovery track, an estimate released by the Cabinet Office said Thursday. Prime Minister Shinzo ...