• Kyodo

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The government said Tuesday it will reduce overall foreign aid to ¥550.2 billion in the general account budget for fiscal 2014, down by 1.3 percent, or ¥7.1 billion, from the amount initially allocated for the current fiscal year — the 15th straight year of decline.

However, grants-in-aid and technical cooperation through the nation’s primary driver of foreign aid — the Japan International Cooperation Agency — will increase by 1.9 percent, or ¥5.8 billion, to ¥316.9 billion, by shifting the focus of the country’s official development assistance to bilateral from multilateral aid.

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