Dec 22, 2016

Japan pledges $500 million in fresh aid for refugees

Prime Minister Shinzo Abe announced Thursday that $500 million in fresh assistance for refugees will be provided as part of Japan’s commitment to achieving the U.N. Sustainable Development Goals. Funding for the initiative is included in the third supplementary budget for the current fiscal ...

Dec 22, 2016

Cabinet signs off on larger ¥5.13 trillion draft defense budget

The Cabinet approved a fatter defense budget for the fifth consecutive year Thursday to respond to North Korea’s nuclear threats and China’s increasingly assertive maritime activities. The ¥5.13 trillion draft budget for fiscal 2017 is 1.4 percent higher than last year and covers a ...

Nursery school teachers to get pay hike in 2017 budget

Dec 20, 2016

Nursery school teachers to get pay hike in 2017 budget

The government will earmark ¥54 billion in the fiscal 2017 budget to increase monthly pay for nursery teachers and improve their working conditions, officials said. The amount was set during negotiations on budget requests between Finance Minister Taro Aso and labor minister Yasuhisa Shiozaki. ...

Dec 19, 2016

Fiscal 2017 budget to reach record ¥97.45 trillion

The government plans to compile a record-high general account budget of around ¥97.45 trillion ($830 billion) for fiscal 2017 starting April, legislative sources said Monday, with social security costs accounting for roughly a third of all spending. With the population aging rapidly, the initial ...

Nov 17, 2016

High-income elderly in Japan urged to pay more health care costs

A Finance Ministry panel urged the government Thursday to make elderly people with higher incomes pay more for medical treatment as part of efforts to improve fiscal discipline amid Japan’s rapidly graying society. “In pursuit of restoring fiscal health, the biggest challenge is the ...