Aug 26, 2015

Japan fiscal 2016 budget requests to hit record ¥102 trillion

Budget requests by Japan’s central government offices for the new fiscal year from next April are set to total a record ¥102 trillion ($853 billion), due primarily to social security spending growth in a rapidly aging society, government sources said Tuesday. The requests for ...

Jul 1, 2015

Number of households on welfare in Japan fell in April

The number of households on welfare in Japan decreased 1,534 from the month earlier to 1,620,924 in April, the Ministry of Health, Labor and Welfare said Wednesday. The number of welfare recipients fell 10,917 to 2,163,414. Both figures had risen in March. The number ...

LDP fiscal panel targets wealthy seniors' pensions

Jun 13, 2015

LDP fiscal panel targets wealthy seniors' pensions

In its final report on fiscal consolidation, a special committee in the Liberal Democratic Party calls on the government to set a ceiling on expenditures and to consider reducing the pension benefits of wealthy seniors. As part of efforts to curb expenditures, the report ...