Dec 20, 2014

A better way to spend yen on schools

by Walt Gardner

Japan's Finance Ministry wants to increase the number of students in each class to save ¥8.6 billion in personnel costs. This will result in 3,325 schools being shuttered and up to 4,000 teachers cashiered. A good idea perhaps, but why not prioritize spending on ...

Sep 22, 2014

Ministry to hire record number of women in '15

The number of women working in the Finance Ministry as career-track employees is set to rise to an all-time high of seven in the business year ending March 2015, up from five the previous year, informed sources said Monday. The increase is a reflection ...

Aug 7, 2014

Japan's foreign exchange reserves fell $7.89 million in July

Japan’s foreign exchange reserves totaled $1.28 trillion at the end of July, down $7.89 billion from a month before, the Finance Ministry said Thursday. The balance fell for the first time in four months mainly because the value of foreign securities held by the ...

Aug 6, 2014

H.I.S. reduces its stake in struggling Skymark to 6.49%

Japanese travel agency H.I.S. Co. reduced its stake in Skymark Airlines Inc. from 7.68 percent to 6.49 percent by the end of last month, according to a report filed Tuesday with a finance bureau of the Finance Ministry. H.I.S. sold shares in the Japanese ...

Jul 25, 2014

Cabinet OKs guidelines for fiscal 2015 budget

Prime Minister Shinzo Abe’s Cabinet on Friday approved guidelines for compiling the fiscal 2015 budget and said it aimed to improve the economy and restore Japan’s fiscal health — the worst among the major industrialized countries. An estimate released earlier in the day, however, ...