May 3, 2016

Tobacco tax hike to add billions to Australia's coffers

Smokers in Australia could pay approximately $40 Australian dollars ($30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday. The cost of cigarettes will rise 12.5 percent every year, starting from 2017, with a packet currently costing around AU$25, according ...

Apr 27, 2016

Cabinet to allocate funds for reconstruction in Kyushu

Prime Minister Shinzo Abe said Wednesday his Cabinet will approve a supplementary budget next month to help Kyushu overcome the damage caused by twin earthquakes this month. Abe told a meeting with business leaders from Kyushu that the Cabinet aims to approve the budget ...

Apr 25, 2016

Emergency subsidies OK'd for rebuilding in quake-hit Kyushu

The government on Monday designated the series of powerful earthquakes that have rocked Kyushu as a disaster of “extreme severity,” paving the way for affected communities to receive increased subsidies for recovery efforts. The designation allows the central government to offer additional financial assistance ...

Mar 1, 2016

Abe setting up panel to debate extra budget before G-7 summit

Prime Minister Shinzo Abe will convene an advisory panel to consider an extra budget for the coming fiscal year, sources said days after the Group of 20 nations urged more fiscal spending to support the ailing global economy. Abe announced the plan Tuesday, saying ...