Tag - budgets

 
 

BUDGETS

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.
JAPAN
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.
BUSINESS
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.
JAPAN
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.
JAPAN
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.
Prime Minister Fumio Kishida speaks during a policy meeting on Friday.
JAPAN
Dec 22, 2023
Japan cuts spending for first time in 12 years in fiscal 2024 budget
The budget for the coming fiscal year that starts in April is estimated at ¥112.07 trillion, down 2% from the current year's initial amount.
Medical fees will be lowered by 0.12% in fiscal 2024, marking the fifth consecutive reduction in the fees that are reviewed every two years.
JAPAN
Dec 20, 2023
Japan fees for medical services and drugs to be lowered by 0.12%
The government will raise its official fees for nursing and disability welfare services by 1.59% and 1.12%, respectively, in fiscal 2024.
A Tomahawk cruise missile is launched from a U.S. Navy ship. Japan agreed with the United States to buy U.S.-made Tomahawk cruise missiles one year earlier than previously planned.
JAPAN
Dec 17, 2023
Japanese government delaying debate over key defense issues
A widening political scandal is affecting the Kishida administration's ability to move forward on important security discussions.
Soldiers from the Ground Self-Defense Force's Amphibious Rapid Deployment Brigade take part in a marine landing drill as a part of the country's nationwide 05JX military exercises on Tokunoshima island in Kagoshima Prefecture on Nov. 19.
JAPAN / Politics
Dec 16, 2023
Japan eyes record ¥7.7 trillion defense budget for fiscal 2024
Work to compile the budget is continuing without a decision on the timing of tax hikes to fund a substantial increased in defense spending.
Construction work is conducted in the Henoko coastal area in Nago, Okinawa Prefecture, on Thursday.
JAPAN
Dec 15, 2023
Okinawa promotion spending to fall to ¥267.8 billion in fiscal 2024
The outlay would stand below ¥300 billion for the third successive year, according to a government estimate.
Prime Minister Fumio Kishida speaks at a government meeting on child policies on Monday.
JAPAN
Dec 12, 2023
Japan to boost spending on measures to tackle low birthrate
The government will make official a program that will have nursery schools accept children even if both parents do not work, among other measures.
Ground Self-Defense Force soldiers on Tokunoshima island, Kagoshima Prefecture, on Nov. 19. The government plans to secure over ¥1 trillion in fresh defense outlays by raising corporate, tobacco and income taxes in stages, but it has yet to decide when to start increasing the taxes.
JAPAN / Politics
Dec 11, 2023
Japan unlikely to hike taxes for defense boost in '25: LDP official
The decision on when to hike taxes will be delayed into 2024 amid an unfolding fundraising scandal involving many LDP factions and senior lawmakers.
The Japan Aerospace Exploration Agency booth at the International Space Industry Exhibition in Tokyo in February
BUSINESS
Nov 13, 2023
Japan to create ¥1 trillion fund to develop outer space industry
The ¥1 trillion fund will be allocated over a 10-year period for the Japan Aerospace Exploration Agency (JAXA), as a new global space race heats up.
The construction site of a new Taiwan Semiconductor Manufacturing Co. factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Economy
Nov 9, 2023
Japan set to earmark ¥2 trillion for chips in extra budget
Japan is in the midst of a spending spree to revive its chip industry with an aim to triple the sales of domestically produced semiconductors by 2030.
Prime Minister Fumio Kishida is saluted by Maritime Self-Defense Force members during the International Fleet Review to commemorate the 70th anniversary of the foundation of the MSDF, at Sagami Bay, off Yokosuka, on Nov. 6, 2022.
JAPAN / Politics / FOCUS
Nov 3, 2023
Weak yen forces Japan to cut back on historic military spending
Officials and industry sources said Japan will begin cutting back on aircraft purchases in 2024, the second year of the buildup plan, due to the weak yen.
Members of the Ground Self-Defense Force disembark from a CH-47 Chinook helicopter during a live fire exercise in Gotemba, Shizuoka Prefecture, in May 2022.
COMMENTARY / Japan
Oct 23, 2023
Kishida's proposed tax cuts put higher defense spending on hold
The plan to raise defense spending partly through tax hikes has been put on ice. In fact, it was never likely to deliver fast results.

Longform

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