NEWSWORTHY
Japanese government budget requests for next year hit record ¥102.8 trillion
Overall general-account budget requests by government ministries and agencies for fiscal 2019 have hit a record high of ¥102.8 trillion, the Finance Ministry said Friday. The actual total of budget requests for the year is certain to grow further. Government spending on measures to alleviate ...
Abe eyes ¥1 trillion extra budget for disaster relief measures
The government is set to compile a supplementary budget worth about ¥1 trillion ($9 billion) for the current fiscal year to fund recovery efforts related to recent natural disasters, sources with knowledge of the plans said Friday. Prime Minister Shinzo Abe is aiming to submit ...
Japan's Defense Ministry eyes record defense budget amid North Korean and Chinese threats
The budget proposal released Friday calls for defense spending to rise 2.1 percent to ¥5.3 trillion for the year starting April 1.
Japan to promote use of empty buildings as satellite offices
The land ministry aims to support efforts to utilize the country's empty buildings as satellite offices or shared workspaces, according to informed sources. The Land, Infrastructure, Transport and Tourism Ministry hopes to have related costs included in its budget request for fiscal 2019, which starts ...
Macron targets French welfare spending as deficit pressure rises
French President Emmanuel Macron's government will tackle social spending in the next wave of its reforms as weaker than expected growth puts pressure on the budget deficit, the prime minister said on Sunday. Prime Minister Edouard Philippe said in an interview in Le Journal du ...
METI to request 9.9% budget increase for fiscal 2019 aimed at promoting cashless payment, AI
The Ministry of Economy, Trade and Industry will request a total budget of ¥1.4 trillion for fiscal 2019, up 9.9 percent from the previous year, sources with knowledge of the matter said Thursday. With the increased budget for the year starting in April next year, ...
A new tax to fix Japan's dire fiscal straits
There's a better way to increase tax revenue than raising the consumption tax.
Prime Minister Shinzo Abe's Cabinet on Tuesday approved its budget compilation guidelines for fiscal 2019, allowing for additional spending on social security and economic growth to set the stage for a record-high initial budget. General account budget requests from ministries and agencies, which are to ...
Abe's best chance for survival as LDP chief lies in his diplomatic skills
The passage of a record-high 2018 spending budget brings to closure a first half year in the Diet that saw the prime minister’s approval rating nosedive.
Japan's Lower House approves record ¥97.71 trillion budget for fiscal 2018
The Lower House Wednesday approved a record ¥97.71 trillion ($912 billion) budget for fiscal 2018, ensuring its enactment before the new fiscal year starts on April 1. About a third of the total, or ¥32.97 trillion, is earmarked for social security spending amid the graying ...
Further postponing the goal of achieving a primary budget balance risks making Japan's commitment to fiscal consolidation less credible.
Japan's budgets extra ¥2.7 trillion for child care, missile defense and disaster prevention
The Diet on Thursday enacted an extra budget worth ¥2.71 trillion ($24.7 billion) for fiscal 2017, as Prime Minister Shinzo Abe aims to expand child care support, take anti-disaster measures and enhance missile defense capabilities. The largest portion, around ¥1.26 trillion, will be spent on ...
