Apr 17, 2015

Aso says AIIB would benefit from partnership with other lenders

The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso. Aso and U.S. Treasury Secretary Jack Lew held talks ...

Apr 14, 2015

Japan estimates potential AIIB membership would cost ¥360 billion

Joining the China-led Asian Infrastructure Investment Bank will cost Japan about ¥360 billion and give it a stake about half that of Beijing, according to government estimates in a document obtained by Bloomberg. Japan’s initial contribution would be ¥180 billion, before doubling when the ...

Mar 20, 2015

Abe administration to compile stopgap budget covering 11 days

The Abe administration will compile a stopgap budget to fund government spending for 11 days starting April 1 as the budget for fiscal 2015 is unlikely to be enacted by March 31, Finance Minister Taro Aso said Friday. “Though the administration will continue to ...

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 10, 2015

Japan, U.S. finance ministers discuss forex

U.S. Treasury Secretary Jack Lew and Finance Minister Taro Aso on Monday reaffirmed the importance of ensuring monetary policy is not aimed at manipulating exchange rates, the U.S. government said. The Group of Seven (G-7) finance chiefs in the past agreed monetary measures should ...

Yen slide is unchecked by government ahead of election

Dec 9, 2014

Yen slide is unchecked by government ahead of election

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Japanese officials have signaled their blessing of a weaker yen as polls show Prime Minister Shinzo Abe’s coalition may expand its Lower House majority in this weekend’s election. Finance Minister Taro Aso said Tuesday that the yen’s slide has helped improve the economy and ...

Gaffe-prone Aso takes aim at young people without kids

Dec 8, 2014

Gaffe-prone Aso takes aim at young people without kids

After telling Japan’s growing ranks of elderly they should “hurry up and die,” Finance Minister Taro Aso has turned his well-oiled gaffe gun on “people who don’t give birth.” The former prime minister said pensioners are not to blame for the spiraling social welfare ...