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The Finance Ministry in Tokyo's Chiyoda Ward. The ministry plans to seek a record 32.4 trillion yen in debt-servicing costs in its budget request for fiscal 2026.
BUSINESS / Economy
Aug 26, 2025

Finance Ministry seeks record budget for debt financing

The ministry’s request would be the highest amount ever budgeted for debt-servicing costs, which already account for about a quarter of Japan’s national budget.
A liquefied natural gas plant in Sakhalin, Russia. U.S. and Russian officials discussed energy deals on the sidelines of the Ukraine peace talks, sources said.
WORLD / Politics
Aug 26, 2025

U.S. and Russian officials discussed energy deals alongside latest Ukraine peace talks

Russia has been cut off from most international investment in its energy sector and from striking major deals due to sanctions following the Ukraine invasion.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past