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 ...