Nov 17, 2016

High-income elderly in Japan urged to pay more health care costs

A Finance Ministry panel urged the government Thursday to make elderly people with higher incomes pay more for medical treatment as part of efforts to improve fiscal discipline amid Japan’s rapidly graying society. “In pursuit of restoring fiscal health, the biggest challenge is the ...

Airport operator rights could go to private sector

Oct 19, 2016

Airport operator rights could go to private sector

A Finance Ministry panel is set to recommend that the government sell the rights to run state-managed airports to private firms while retaining ownership of the facilities, Jiji Press has learned. The Fiscal System Council is expected to make the proposal, designed to help ...

Oct 5, 2016

Finance Ministry wants Japan's elderly to foot more medical costs

The Finance Ministry proposed Tuesday that elderly people bear more medical expenses depending on their incomes to ensure fair sharing of the country’s ballooning medical costs. In its proposals presented at a meeting of the Fiscal System Council, an advisory panel to the finance ...

Sep 3, 2016

Japanese finance minister calls for more investment, wage hikes

Finance Minister Taro Aso has urged companies to raise investment and wages as their retained earnings continue to increase. At a news conference on Friday, Aso complained about companies’ use of money, saying the proportion of funds spent on business investment should be raised ...

Japan, South Korea to resume currency swap deal

Aug 28, 2016

Japan, South Korea to resume currency swap deal

Japan and South Korea agreed Saturday to launch talks on resuming a currency swap deal, reflecting newly cooperative relations between the two neighbors. The two began operating a swap agreement in 2001, but testy ties precluded any effort to extend or renew it when ...

Aug 26, 2016

Japan's fiscal 2017 budget requests look to top ¥101 trillion

Budget requests by Japan’s central government offices for a new fiscal year from next April are expected to exceed ¥101 trillion ($1 trillion), government sources said Thursday. The requests for the general-account budget for fiscal 2017 will top ¥100 trillion for the third straight ...

Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...