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May 20, 2024
 

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BUDGET

BUSINESS / Economy
Jul 20, 2014
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
Japan Times
JAPAN / EXPLAINER
Jul 14, 2014
Budget phones challenge the majors
Smartphones may be convenient, but there's one thing about them that bugs many people: their costly monthly data plans.
BUSINESS
Jul 2, 2014
Abe growth-related goals may avoid budgetary curbs
The government, while planning strict budget limitations for the next fiscal year, will give special treatment to upcoming request items that are deemed important for Prime Minister Shinzo Abe's growth policy, NHK reported Wednesday.
BUSINESS
Jun 25, 2014
Government won't set ceiling on fiscal 2015 budget requests
The government will not set a ceiling for budget requests for fiscal 2015, as a decision on whether to increase the consumption tax rate to 10 percent will not be made until the end of this year, a source said Tuesday.
COMMENTARY / Japan
May 25, 2014
Funding higher education
The percentage of Japanese high school graduates entering university is not growing as fast as one would expect. It is well below the average ratio for the 34 members of the Organization for Economic Cooperation and Development.
Japan Times
BUSINESS / Companies
May 20, 2014
Peach to cancel 894 flights in July and August due to pilot shortage
Budget carrier Peach Aviation Ltd. said Tuesday that due to a shortage of pilots, it will cancel 894 flights in July and August, or 20 percent of its overall flights, including 86 international services connecting Osaka with Hong Kong and Okinawa with Taipei.
EDITORIALS
Apr 2, 2014
Tax hike alone won't cure fiscal ills
The consumption tax hike alone won't resolve the nation's fiscal and social security woes. It needs to be matched by efforts to rein in government spending.
JAPAN / Politics
Mar 20, 2014
Record ¥95.88 trillion budget OK'd
Prime Minister Shinzo Abe will visit the Anne Frank House in Amsterdam this weekend to express regret over the vandalism at Tokyo libraries of hundreds of books related to the young Holocaust victim.
JAPAN / Politics
Feb 28, 2014
Record budget clears Lower House
Prime Minister Shinzo Abe gets his draft budget for fiscal 2014, worth a record ¥95.88 trillion, through the Lower House, giving him more time to focus on the contentious issue of collective self-defense.
EDITORIALS
Feb 13, 2014
Pork-filled supplementary budget
The Diet's passage last week of a ¥5.465 trillion supplementary budget for fiscal 2013 is deceptive as it includes items that an expert panel had recommended eliminated from the fiscal 2014 budget last fall because they were deemed wasteful.
Japan Times
BUSINESS / Companies
Jan 20, 2014
AirAsia looks to bring back budget flights to Japan in '15 via new tie-up
AirAsia Bhd., Southeast Asia's biggest budget carrier, is close to restarting plans for a Japanese unit after its partnership with ANA Holdings Inc. unraveled in June, Chief Executive Officer Tony Fernandes said.
EDITORIALS
Jan 8, 2014
Shaky foundation for recovery
The Japanese economy appears to be on the recovery path for now, thanks to the policy of the Abe administration, but the effects from the consumption tax rise, beginning in April, and the extra financial burden that households can expect under the fiscal 2014 draft budget do not place the recovery on a solid foundation.
EDITORIALS
Jan 8, 2014
Fee hike should boost medical care
Revenue from the average 0.1 percent increase in medical fees for the 2014 draft budget is expected to be used mainly to improve emergency medicine and pediatric and obstetrical treatment — fields where quality care has declined in some localities because of shortages of physicians.
Japan Times
JAPAN
Dec 29, 2013
Conceding it's best avoided, Aso refuses to rule out fresh extra budget
While saying it is best if such a move is not made, Finance Minister Taro Aso refused to rule out the possibility an extra budget will be needed again next year to support the economy.
EDITORIALS
Dec 25, 2013
Rein in government spending
The government's draft budget for fiscal 2014, which Prime Minister Shinzo Abe's Cabinet approved Tuesday, reflects a lack of government will to reduce public spending and debt even as the tax burden on consumers is set to increase.
Japan Times
JAPAN
Dec 24, 2013
Cabinet OKs record budget for 2014
The Cabinet approves a record u00a595.88 trillion general account budget for fiscal 2014 as the Abe administration seeks simultaneously to conquer decades of deflation and restore the nation's precarious fiscal health.
JAPAN
Dec 24, 2013
Tepco to get added support; state to shoulder 30-year interim waste storage
In its fiscal 2014 budget plan revealed Tuesday, the government will provide additional support to Tokyo Electric Power Co. in line with recently adopted guidelines to accelerate Tepco's sluggish recovery from the Fukushima No. 1 nuclear plant catastrophe that started in 2011.
BUSINESS / Economy / ANALYSIS
Dec 24, 2013
Debt-issuance levels point to lack of concern for debt: experts
Experts say the draft fiscal 2014 budget doesn't show that the Abe team is serious about revising the debt-driven fiscal structure as more than 40 percent of the budget will be paid for through new debt issuance.
Japan Times
JAPAN
Dec 24, 2013
Defense spending hike covers pay: ministry
The Abe administration's draft budget adopted Tuesday includes ¥4.88 trillion in defense spending in fiscal 2014, a 2.8 percent increase from this year.
JAPAN
Dec 24, 2013
2014 foreign aid to be cut 1.3% to ¥550.2 billion
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.
America wasn’t made for walking, and it’s killing them
A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Saudi crown prince seeks soft power in game hub Japan
Saudi Crown Prince Mohammed bin Salman welcomes Prime Minister Fumio Kishida in Jeddah, Saudi Arabia, last July.
Japan survey finds 30% of student interns experience sexual harassment
The proportion of recent graduates in Japan who have worked as interns have experienced sexual harassment during their internship was 30.1%, according to a labor ministry survey, up 4.6 percentage points from the previous survey in fiscal 2020.
Nippon Steel boosts efforts to woo U.S. Steel workers and politicians
Nippon Steel, Japan’s top steelmaker, is sending Vice Chairman and Executive Vice President Takahiro Mori to Pittsburgh next week where he’ll meet with local staff and elected officials.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Local theater in Japan is more than a hobby — it’s a community
Japan Times contributor Laura Pollacco (front right) was offered the role of one of her all-time favorite heroines, Elizabeth “Lizzie” Bennet, in the Tokyo International Players’ production of “Pride and Prejudice.”
Can AI-generated inventions be patented? A Tokyo court says no.
The Tokyo court's ruling comes amid ongoing debates on how to regulate generative AI and is part of a transnational class action lawsuit.
Massimo Bottura: 'The Japanese let ingredients express themselves'
Italian chef and restaurateur Massimo Bottura is increasingly focusing on passing on his knowledge to chefs such as Antonio Iacoviello.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.

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