Sep 9, 2014

Abe needs more stimulus to raise sales tax, adviser Itoh says

The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe. ...

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, ...

Cabinet OKs record budget for 2014

Dec 24, 2013

Cabinet OKs record budget for 2014

The Cabinet approves a record ¥95.88 trillion general account budget for fiscal 2014 as the Abe administration seeks simultaneously to conquer decades of deflation and restore the nation’s precarious fiscal health.

Oct 2, 2013

Abe trying to strike a delicate balance

by Shinya Ajima

When Prime Minister Shinzo Abe met the news media after deciding to raise the consumption tax next April, he stressed that his administration can pursue economic growth and fiscal discipline at the same time. The declaration Tuesday, which almost sounded as if he was ...

Aug 7, 2013

Ruling bloc vows to restore fiscal health for economic growth

Prime Minister Shinzo Abe’s ruling coalition pledged Wednesday to restore Japan’s ailing public finances, reckoning that promoting fiscal rehabilitation is essential to maintain economic growth. In a final draft of a midterm fiscal reform plan, the Abe administration and the ruling bloc — the ...

Jun 8, 2013

Abe gives no details but vows to mend fiscal health

The government has pledged to simultaneously achieve fiscal rehabilitation and economic growth in a draft of its longer-term economic and fiscal policy blueprint, but gave no details on how to pave the way for sound public finance. Prime Minister Shinzo Abe’s administration promised in ...