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 ...

Abe's 'three arrows' backed at G-20 summit

Nov 16, 2014

Abe's 'three arrows' backed at G-20 summit

Prime Minister Shinzo Abe secured the support of Group of 20 leaders for his “Abenomics” policies during a two-day summit that wrapped up Sunday in Brisbane, Australia. Abe told the leaders that his “three-arrow” approach was helping create a “virtuous cycle” of economic growth ...

Sep 22, 2014

Ministry to hire record number of women in '15

The number of women working in the Finance Ministry as career-track employees is set to rise to an all-time high of seven in the business year ending March 2015, up from five the previous year, informed sources said Monday. The increase is a reflection ...

Aso plans new extra budget to cushion sales tax hike to 10%

Sep 5, 2014

Aso plans new extra budget to cushion sales tax hike to 10%

The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday. “It is necessary to prepare to craft a supplementary budget” this fiscal year, Aso said while expressing his ...