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 ...

Methane hydrate gets budgetary OK

Dec 25, 2013

Methane hydrate gets budgetary OK

The Abe administration plans to boost spending on the development of undersea methane hydrate, a potential next-generation energy source, as well as on renewable energy projects in fiscal 2014. In its draft budget adopted Tuesday, the administration set aside ¥12.7 billion for methane hydrate ...

Cabinet OKs record budget for 2014

Dec 24, 2013

Cabinet OKs record budget for 2014

The Cabinet approves a record ¥95.88 trillion general account budget for fiscal 2014 as the Abe administration seeks simultaneously to conquer decades of deflation and restore the nation’s precarious fiscal health.