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August 08, 2025
 

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BUDGETS

The budget guidelines allow ministries and agencies to request 20% more funds than in the fiscal 2025 initial budget for priority policy measures, including those to cope with rising prices.
BUSINESS / Economy
Aug 8, 2025
Japan's government adopts budget request guidelines for fiscal 2026
The guidelines allow ministries and agencies to request 20% more funds than in the fiscal 2025 initial budget for priority policy measures.
Britain’s latest defense review highlights a growing gap between its military ambitions and economic constraints, as limited spending, troop shortages and political hesitation hinder readiness amid rising global threats.
COMMENTARY / World
Aug 4, 2025
U.K. military rhetoric is not matching fiscal reality
U.K. prime ministers have a habit of over-promising and underdelivering on military commitments.
The Finance Ministry said on Thursday that surplus in the Japanese government's foreign exchange special account stood at a record high of ¥5.36 trillion at the end of fiscal 2024.
BUSINESS
Jul 31, 2025
Japan's forex special account logs record-high surplus
The ministry will transfer ¥3.2 trillion out of the surplus to the general account of the government's fiscal 2025 budget.
The city of Kumamoto. The number of local governments that are able to operate their finances without state tax allocations has increased for the fourth consecutive year, the internal affairs ministry announced on Tuesday.
JAPAN / Society
Jul 29, 2025
Local governments not allocated state tax revenue increase for fourth year
In fiscal 2025, such local governments totaled 85, up by two from the previous year, reflecting the growth of local tax revenues backed by robust corporate performance.
U.S. President Donald Trump gestures after signing executive orders in Washington on Wednesday.
JAPAN / Politics
Jul 24, 2025
Trump says Tokyo agreed to buy U.S. defense gear, but questions remain
Touting the surprise trade agreement with Japan, the U.S. president claimed that Tokyo agreed to buy billions of dollars in defense equipment.
Upper House votes being counted on Sunday. The Liberal Democratic Party-Komeito coalition lost its majority in the upper chamber of parliament, but could still be effective in thwarting the opposition.
BUSINESS / Economy
Jul 21, 2025
Consumption tax cut not a given even after Upper House election
Political and economic realities suggest that opposition policies will not skate through.
The $9 billion cut to foreign aid and public media the U.S. House of Representatives passed amounts to roughly one-tenth of 1% of the $6.8 trillion federal budget.
WORLD
Jul 18, 2025
U.S. House Republicans pass Trump plan to cut foreign aid and public broadcasting
The U.S. House of Representatives voted 216 to 213 in favor of the funding cut package, with only two Republicans voting against it.
Elbridge Colby (center), then-nominee to be the Pentagon's undersecretary of defense for policy, is introduced by U.S. Vice President JD Vance (left), during a Senate Armed Services Committee confirmation hearing in Washington in March.
JAPAN / Politics
Jul 16, 2025
Pentagon No. 3 praises Japan defense report, but vows to make alliance more 'equitable'
The Pentagon's top policy official Elbridge Colby labeled the defense white paper “an important, clear-eyed strategic assessment from our close ally."
French Prime Minister Francois Bayrou during a news conference to present a major public finance recovery plan in Paris on Tuesday
WORLD / Politics
Jul 16, 2025
France's PM wants to scrap two public holidays to help fix government finances
"Everyone will have to contribute to the effort," Francois Bayrou said in a two-hour news conference, warning that public debt was a "mortal danger" for France.
A senior member of a Self-Defense Forces honor guard inspects a formation before the arrival of Prime Minister Shigeru Ishiba for a visit to the Defense Ministry in Tokyo on June 30.
JAPAN / Politics
Jul 15, 2025
With China and Trump, Japan defense report says world entering ‘new era of crisis’
The annual defense white paper says that U.S. actions under Trump will “significantly impact” the Indo-Pacific region and “will require continued attention.”
U.S. Secretary of State Marco Rubio speaks to reporters during Association of Southeast Asian Nations-related meetings in Kuala Lumpur on Friday.
JAPAN / Politics
Jul 11, 2025
Rubio says Japan defense spending hike less about money, more about capabilities
The comments echoed the view of Ishiba, who has repeatedly said that what is most important is the substance of strengthened defense capabilities — not arbitrary figures.
U.S. President Donald Trump speaks as Attorney General Pam Bondi (left) and Secretary of State Marco Rubio (center) look on during a Cabinet meeting at the White House in Washington on Tuesday.
JAPAN / Politics / ANALYSIS
Jul 9, 2025
Trump signals continuing trade-defense link as tariff talks drag on
The U.S. leader has again alleged that Seoul is taking advantage of Washington on defense spending and burden-sharing — a worrying sign that may also have implications for Tokyo.
Opposition parties are proposing a consumption tax cut as inflation, especially food inflation, remains high.
BUSINESS / Economy / FOCUS
Jul 2, 2025
Consumption tax cut enters political conversation ahead of Upper House election
The Liberal Democratic Party opposes a reduction in the tax, but opposition parties are in favor of a cut.
A Self-Defense Forces tank unit takes part in parade at Camp Asaka, near Tokyo, in October 2018. The percentage of GDP spent on defense is a politically convenient but flawed metric that oversimplifies the complex realities of alliance management.
COMMENTARY / Japan
Jul 2, 2025
In the Trump era, how much should countries really be spending on defense?
In truth, the “percentage of GDP” approach is a political one, not a practical one
A malnourished child reacts while a health care worker takes his vitals at Tudun Gambo Primary Health Care Center, Tudun Gambo, Nigeria, in May. Programs funded by the U.S. Agency for International Development are estimated to have helped prevent more than 91 million deaths over the past two decades, including 30 million among children.
WORLD / Politics
Jul 1, 2025
Trump’s plan for USAID cuts risks 14 million additional deaths, study warns
Researchers project 1.8 million excess deaths in 2025 alone if the cuts continue.
German Ambassador to Japan Petra Sigmund says that Tokyo and Berlin "face similar security challenges," and that they must "invest in defense, deterrence and diplomacy alike."
JAPAN / Politics
Jul 1, 2025
‘No time to lose’: Germany aims to boost defense-industrial ties with Japan
Berlin’s ambassador to Tokyo says her country is looking to quickly ramp up cooperation amid a growing Russian threat.
The U.S. Capitol in Washington on Saturday.
WORLD / Politics
Jun 29, 2025
Trump's sweeping tax-cut and spending bill clears first U.S. Senate hurdle
The Senate voted Saturday to begin debate on the legislation just hours after party leaders unveiled the latest version of the massive tax and spending package.
Constitutional Democratic Party of Japan leader Yoshihiko Noda speaks during an interview at the party's headquarters in Tokyo on Wednesday.
JAPAN / Politics
Jun 27, 2025
Ahead of election, CDP chief vows 'responsible' tax cut
"Measures to cope with rising prices will be the biggest focus (of the July 20 House of Councilors election)," Yoshihiko Noda said.
NATO Secretary-General Mark Rutte stands next to U.S. President Donald Trump as alliance leaders pose for a group photo during a NATO summit in The Hague on Wednesday.
WORLD / Politics
Jun 25, 2025
NATO lines up ‘big success’ for Trump with new defense spending target
The new target for NATO member nations could give more ammunition to the U.S. in its calls for Japan to spend more money on defense.
Prime Minister Shigeru Ishiba speaks to reporters at the Prime Minister's Office on Sunday.
JAPAN / Politics
Jun 23, 2025
Ishiba to skip key NATO summit following Iran strikes
Two other invitees — Australian Prime Minister Anthony Albanese and new South Korean President Lee Jae-myung — have also decided not to attend the gathering.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
Trump: The $550 billion pledged by Japan is 'our money'
U.S. President Donald Trump at the White House on Tuesday. He told CNBC that investment pledges are like signing bonuses.
The United States imposes 15% 'reciprocal' tariff on most Japanese goods
U.S. President Donald Trump speaks at the White House on Wednesday.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.
Australia announces new warships will come from Japan
The Maritime Self-Defense Force's Mogami-class frigate Niyodo sails at an undisclosed location in this image released Tuesday.

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