Chinese defense spending slows but still tops GDP growth rate

Mar 4, 2015

Chinese defense spending slows but still tops GDP growth rate

China’s central government will increase defense spending at a slower pace than last year as President Xi Jinping overhauls the military and seeks to stamp out the corruption that hinders the country’s combat readiness. The defense budget will rise about 10 percent this year, ...

Feb 3, 2015

Diet enacts extra budget to boost domestic demand

The Diet has enacted a ¥3.12 trillion extra budget for fiscal 2014 to fund an economic stimulus package aimed at boosting domestic demand aggravated by last year’s consumption tax hike and the yen’s plunge. The supplemental budget was approved Tuesday evening in the Upper ...

Details of aid to Afghan army now secret: U.S.

Jan 30, 2015

Details of aid to Afghan army now secret: U.S.

The U.S. military will no longer divulge facts and figures about its costly effort to assist Afghan security forces, declaring the information top secret, officials said Thursday. The move marks an about-face for the Pentagon, which for the past six years has reported a ...

Jan 10, 2015

Cabinet rubber stamps ¥3.12 trillion extra budget

Prime Minister Shinzo Abe’s Cabinet endorsed on Friday a ¥3.12 trillion extra budget aimed at reviving domestic demand stunned by the April 1 consumption tax hike and weaker yen. To shore up flagging private spending, the stimulus package includes ¥1.19 trillion to provide subsidies ...

Funding lags for sex-trafficking victims in U.S.

Dec 30, 2014

Funding lags for sex-trafficking victims in U.S.

State after state in America is passing new laws to combat sex-trafficking, reflecting a growing awareness of the domestic industry after years in which Americans considered it a foreign problem — something relegated to Eastern Europe or Asia. But while the get-tough laws are ...

Dec 28, 2014

Abe vows radical review of all welfare outlays

The government said Saturday it will review its social security spending without exception when it compiles a budget for fiscal 2015. The government made that clear in its basic policy on the fiscal 2015 budget adopted at meetings of the Council on Economic and ...

Dec 17, 2014

Obama signs $1.1 trillion spending bill into law

With little fanfare to mark a rare bipartisan achievement, President Barack Obama on Tuesday signed a massive, $1.1 trillion spending bill that keeps the federal government operating over the next nine months. The legislation was a compromise that angered liberals and conservatives alike but ...