Tag - budgets



Ayuko Kato, minister for children-related policies
Apr 12, 2024
Japan discloses more details of costs to fight low birthrate
The planned fees that will be added to public medical insurance premiums aims to help secure funds to combat the declining birthrate trend.
According to the children's agency’s estimate, those with an annual income of ¥2 million will see an additional tax levy of ¥350 to support new child care provision, while those with incomes of ¥6 million will pay an extra ¥1,000.
JAPAN / Society
Apr 10, 2024
Japan to collect monthly average of ¥800 for child care boost
The exact amount for each individual will vary depending on income and public health insurance plans.
Japan will charge members of medical insurance programs with fees starting in fiscal 2026 to tackle the country's sluggish birthrate.
Mar 29, 2024
Fight against low birthrate to cost ¥450 monthly per head
The government plans to boost annual spending on measures to fight the sluggish birthrate to ¥3.6 trillion by fiscal 2028.
Prime Minister Fumio Kishida and Komeito leader Natsuo Yamaguchi shakes hands at the parliamentary building following the enactment of the fiscal 2024 budget on Thursday.
JAPAN / Politics
Mar 29, 2024
Japan enacts ¥112.6 trillion budget for fiscal 2024
The budget includes a record ¥7.95 trillion in defense spending.
During the last round of negotiations between Washington and Seoul, then-U.S. President Donald Trump requested steep increases in South Korea’s share of defense costs.
Mar 14, 2024
South Korea, U.S. talk cost-sharing as Seoul girds for Trump 2.0
The agreement on an unusually early start of the defense cost-sharing deals reflects unease over a possible return of Donald Trump to the White House.
The defense request is largely seen as a symbolic opening shot in what is expected to be a protracted spending battle in Congress ahead of a November presidential election that will almost certainly pit President Joe Biden against his Republican predecessor, Donald Trump.
WORLD / Politics
Mar 12, 2024
With eye on Indo-Pacific, Biden seeks record U.S. defense budget
But the $895.2 billion figure for fiscal 2025 is only about a 1% increase from the $886.3 billion proposal made last year — far below inflation levels.
An Upper House budget committee session for questions and answers on the fiscal 2024 draft budget held Wednesday
BUSINESS / Economy
Mar 6, 2024
Japan's huge draft budget raises questions over fiscal accountability
The government allocates reserves and determines their use at Cabinet meetings, requiring only retroactive approval by parliament.
A military delegation arrives for a meeting Monday, ahead the annual session of China’s National People’s Congress (NPC) in Beijing.
Mar 5, 2024
China defense spending to climb 7.2% amid rivalry with U.S.
Beijing's 1.67 trillion yuan ($231.4 billion) budget makes 2024 the ninth straight year to see a single-digit hike in the country’s defense outlays.
Prime Minister Fumio Kishida attends a Lower House plenary session on Saturday.
JAPAN / Politics / FOCUS
Mar 3, 2024
In bid to save face, Kishida sticks to his guns on budget passage schedule
The PM wants to prevent his administration's popularity from falling further but his handling of a funds scandal is widely perceived as inadequate.
Prime Minister Fumio Kishida and other lawmakers bow after the Lower House passed the fiscal 2024 draft budget on Saturday.
JAPAN / Politics
Mar 2, 2024
After lengthy delay, Japan's Lower House passes fiscal 2024 budget
The Lower House cleared the bill after deliberations in which the opposition grilled the prime minister over the party's ongoing political funds scandal.
Former economy minister Yasutoshi Nishimura, who served as the Abe faction’s secretary-general for 10 months until August 2022, said the practice of returning portions of the income collected through fundraising parties to individual lawmakers was solely handled by the faction chairman and an administrative secretary.
JAPAN / Politics
Mar 1, 2024
As ethics hearing unfolds, Diet falls into chaos over budget approval
The CDP sought to censure budget committee leader Itsunori Onodera over his decision to push through a final vote, and argued for more extensive debate.
Sadayuki Sakakibara, head of a Defense Ministry expert panel, speaks during its meeting at the ministry on Monday.
JAPAN / Politics
Feb 20, 2024
Japan's $290 billion defense spending plan insufficient: experts
The spending plan is already much larger than in past years to address security threats.
Taiwan Semiconductor Manufacturing Co.'s first Kumamoto plant in the town of Kikuyo, Kumamoto Prefecture, on Feb. 10
BUSINESS / Companies
Feb 16, 2024
Japan boosts aid to chip projects amid global race
Prompted by concerns, the government acted swiftly to prevent the potential loss of domestic production bases.
The government plans to establish a system that allows any child to enroll in day care establishments regardless of whether their parents work or not.
Feb 16, 2024
Japan's Cabinet OKs bill on measures to tackle falling birthrate
The bill includes plans to expand child benefits and establish a system allowing any child to enroll in day care establishments.
Finance Minister Shunichi Suzuki gives a policy speech on Tuesday.
BUSINESS / Economy
Jan 30, 2024
Japan's finance chief calls for early budget passage following quake
Japan is "at a historic turning point" in achieving sustainable growth, Shunichi Suzuki told parliament.
Projections for Japan's primary balance are presented at a meeting held at the Prime Minister's Office on Monday.
Jan 22, 2024
Japan’s baseline forecasts show government missing budget goal
The primary balance is projected to be around minus 0.4% in fiscal year 2025.
Police officers search for victims in a snow covered residential area which was devastated by a tsunami following an earthquake, in Suzu, Ishikawa Prefecture, on Jan. 9.
Jan 16, 2024
Japan raises emergency budget reserves for quake relief
Prime Minister Fumio Kishida has ordered a rare revision of an already finalized budget plan to ensure sufficient funds are allocated for relief efforts.
The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a marine landing drill on Tokunoshima island, Kagoshima Prefecture, on Nov. 19.
JAPAN / Politics
Dec 29, 2023
Kishida’s military build-up plans face bumpy road ahead
One year on, questions remain as to whether the embattled leader, whose support rate recently dipped to new lows, can follow through on his pledges.
Prime Minister Fumio Kishida delivers a policy speech to the Lower House of parliament in Tokyo in January.
Dec 23, 2023
Pivot to pre-COVID normalcy tests Japan's fiscal spending appetite
A projected expansion of nominal GDP beyond ¥600 trillion for the first time may bring about the BOJ's gradual shift in policy.
Self-Defense Forces soldiers take part in an evacuation drill on Yonaguni island in Okinawa Prefecture in November.
JAPAN / Politics
Dec 22, 2023
Japan approves record ¥8 trillion defense budget
The defense budget announced Friday includes ¥370 billion to build two new warships that will utilize the U.S.-developed Aegis missile defense system.


Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on