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 24, 2016

Extra budget to push year's outlays over ¥100 trillion

The Cabinet approved Wednesday a draft second extra budget for fiscal 2016 to stimulate the flagging economy, bringing total public outlays for the year through March to over ¥100 trillion. The extra budget reflects Prime Minister Shinzo Abe’s push to lift the world’s third-biggest ...

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 ...

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 14, 2015

Government eyes extra budget worth around ¥3.5 trillion

The government is likely to compile an extra budget worth around ¥3.5 trillion ($28.5 billion) at the end of this year to help farmers boost their global competitiveness and finance social security measures, sources said Saturday. Prime Minister Shinzo Abe will instruct ministries to ...

Oct 31, 2014

Tepid data may spur Abe into further stimulus as economy sputters

Economic data released Friday signaled that the economy is still in the doldrums following the first stage of the doubling of the consumption tax on April 1, raising doubts about whether the Abe administration can complete the hike to 10 percent as planned. Expectations ...

Aso plans new extra budget to cushion sales tax hike to 10%

Sep 5, 2014

Aso plans new extra budget to cushion sales tax hike to 10%

The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday. “It is necessary to prepare to craft a supplementary budget” this fiscal year, Aso said while expressing his ...

Dec 12, 2013

¥5.5 trillion extra 2013 budget for stimulus OK'd

Prime Minister Shinzo Abe’s Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring’s consumption tax hike. Vowing to achieve fiscal rehabilitation, the government will not issue additional ...