Nov 15, 2016

Abe ponders whether to follow Trump's lead on fiscal stimulus

While Donald Trump is set to inject a dose of fiscal medicine into the world’s biggest economy, any move by Shinzo Abe to further strengthen Japan’s fiscal stimulus program faces the challenge of disappointing tax receipts and a record debt burden. The government already ...

Diet approves economic stimulus budget

Oct 11, 2016

Diet approves economic stimulus budget

The Diet has approved a ¥4.11 trillion supplementary budget to stimulate an economy dampened by sluggish growth amid weak consumer demand and business investment. The second supplementary budget for the fiscal year through March was approved Tuesday by the Upper House after clearing the ...

Aug 23, 2016

Government to seek ¥4.1 trillion second extra budget

The government plans to set its second supplementary budget for fiscal 2016 at ¥4.114 trillion on a general-account basis, informed sources said. The extra budget will finance a ¥28.1-trillion stimulus package compiled earlier this month. Including an extra budget for a special account for ...

Feb 18, 2016

Economic council calls for new stimulus steps to address global risks

Private-sector members of the Council on Economic and Fiscal Policy on Thursday called for potential stimulus measures to be studied to address downside risks to the global economy. The government “needs to flexibly respond if judged necessary” after Japan’s gross domestic product turned “weak” ...

Sep 30, 2015

Industrial output drops unexpectedly for second month

Japan’s industrial output unexpectedly fell in August, raising concern that the economy may have fallen back into its second recession since Prime Minister Shinzo Abe took government. The slump in production is likely to intensify debate on the need for Abe’s administration to increase ...

Aug 19, 2015

Abe aide says Japan needs up to ¥3.5 trillion economic injection

Japan needs an economic injection of as much as ¥3.5 trillion ($28 billion) to shore up consumption and stave off further economic contraction, said Etsuro Honda, an economic adviser to Prime Minister Shinzo Abe. “Households feel their income has been reduced,” Honda, 60, said ...