Mar 13, 2014

Regulating bitcoins

Japan will have to cooperate with other countries to prevent the use of bitcoin for illegal purposes. Some people, though, look forward to the convenience of bitcoin.

Mar 3, 2014

Capital gains spark 21.5% revenue lift

Tax revenues surged 21.5 percent in January from a year earlier to ¥4.110 trillion on the back of a growth in recipients from taxes on capital gains, the Finance Ministry said Monday. Revenues from withholding income tax jumped 40.8 percent to ¥2.267 trillion, as ...

Feb 10, 2014

Debt soars to record over double 2012 GDP

The government’s debt stood at ¥1.0179 quadrillion at the end of December, breaking its previous record of ¥1.0112 quadrillion set just three months earlier, the Finance Ministry said Monday. After spending three consecutive quarters above the ominous ¥1 quadrillion line, the ministry projected that ...

Dec 2, 2013

Capital spending up second quarter as low yen ups profits

Capital spending by Japanese firms rose for the second straight quarter in the July-September period, as the weaker yen helped bolster corporate profits, prodding companies to beef up investment, the government said Monday. Business investment by all nonfinancial sectors for purposes such as building ...

Nov 20, 2013

Japan Finance Ministry to call for end of farm protection

A Finance Ministry panel will propose that the government end protective measures for farmers in a bid to bolster the competitiveness of Japan’s agricultural sector ahead of the Trans-Pacific Partnership, ministry sources said. In a proposal to be finalized by the end of this ...

Nov 16, 2013

Wrongheaded cuts in salaries

The Finance Ministry's recent proposal to cut annual salaries and numbers of teachers at public elementary and junior high schools is mistaken and misguided.

Oct 13, 2013

Japan to outsource management of some forex reserves

Japan plans to let private-sector financial institutions manage part of its $1.27 trillion in foreign exchange reserves, a finance ministry official said Sunday. The government will introduce a bill to a Diet session beginning this week that would lift a ban on outsourcing the ...

Apr 28, 2013

App planned to help ID bank notes for blind

The Finance Ministry and the Bank of Japan plan to offer a free smartphone application that will allow the visually impaired to identify the value of bank notes through sound from November. The National Printing Bureau will initially develop the app for Apple Inc.’s ...

May 3, 2012

Ministry airs protest notes to Asahi

The Finance Ministry has made public protest letters it sent to The Asahi Shimbun newspaper over the daily’s April 5 report that looked into relations between key figures of the ruling Democratic Party of Japan and senior ministry bureaucrats, saying the article has “many ...