Dec 19, 2015

Cost to host 2020 Olympic Games surges sixfold to ¥1.8 trillion

The cost to host the 2020 Tokyo Olympics has skyrocketed, with the tally now roughly six times the original estimate of ¥301.3 billion (roughly $2.5 billion) a source said Friday. Calculations by the Tokyo 2020 Organizing Committee and the Tokyo Metropolitan Government have now ...

Dec 18, 2015

Abe's Cabinet OKs ¥3.5 trillion extra budget to support economy

Prime Minister Shinzo Abe’s Cabinet approved an extra budget Friday worth ¥3.5 trillion for this fiscal year through March to bolster the economy through enhanced welfare services and a more competitive farm sector. The fiscal 2015 supplementary budget plan is designed to realize the ...

Dec 6, 2015

Greece passes 'tough' austerity-extending 2016 budget

Greek lawmakers approved a “tough” 2016 budget early Sunday, forecasting near zero growth for 2015 and a small contraction next year for the debt-ridden country in its sixth year of austerity. The coalition government, which enjoys a narrow majority, managed to push the budget ...

Nov 27, 2015

Abe orders extra budget drafted to boost welfare, agriculture

Prime Minister Shinzo Abe on Friday instructed his Cabinet to compile an extra budget for fiscal 2015 to bolster welfare services and improve the competitiveness of the farm sector. The supplementary budget for fiscal 2015 ending March 31 is likely to be worth more ...

Nov 21, 2015

Japan to pledge step toward fiscal rehabilitation

The Japanese government will soon announce a basic budget policy that will take a steady step forward on fiscal reconstruction, sources said on Friday. The government will basically maintain its plan to curb a rise in general expenditures in the three years from fiscal ...

Oct 30, 2015

U.S. Senate passes budget deal to avert default

The U.S. Senate passed a bipartisan, two-year budget deal early Friday that boosts federal spending by $80 billion, reduces a government shutdown threat and raises the debt ceiling through the end of Barack Obama’s presidency. The bill passed the House of Representatives on Wednesday ...

Sep 29, 2015

Senate vote to OK stopgap spending bill

Over the opposition of the most conservative republicans in the chamber, the senate is set to pass a spending bill to prevent the government from shutting down this week. Tuesday’s expected vote comes after a 77-19 tally Monday easily beat a token threat to ...