/ Dec 15, 2015

Government plans five-year extension of debt-financing law

The Abe administration plans to extend temporary legislation for five years allowing the government to automatically issue debt to help fund the annual budget without Diet approval, according to government sources. The special law, approved in fiscal 2012 and set to expire in fiscal ...

May 8, 2015

Japanese government's debt swells to ¥1.053 quadrillion

Japan’s debt stood at a record-high ¥1.053 quadrillion ($8.78 trillion) at the end of March, the Finance Ministry said Friday, increasing pressure on the government to take further austerity measures. The ministry also projected the debt would reach ¥1.167 quadrillion by the end of ...

Mar 3, 2015

The government's fiscal road map

The Abe administration's forthcoming fiscal rehabilitation plan may give clues as to whether it is serious about getting the government's fiscal house in order.

Dec 5, 2014

The elephant in the room

Prime Minister Shinzo Abe's decision to postpone the second phase of the consumption tax hike may be popular with much of the electorate, but it would be unfortunate if the decision diverts people's attention from the nation's real fiscal plight.

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 ...