Tag - budgets



The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a military drill on the uninhabited Irisuna island in Okinawa Prefecture, close to the prefecture's main island, in November. Japan's defense-related spending for fiscal 2024 is expanding to 1.6% of its gross domestic product.
JAPAN / Politics
Apr 29, 2024
Japan ups defense spending to 1.6% of GDP with eye on 2027 goal
The budget edges closer to the 2% of GDP standard that many Western nations have targeted, which Tokyo aims to achieve by 2027.
Missiles are launched during a simulated nuclear counterattack drill at an undisclosed location in North Korea in this image released Tuesday.
Apr 23, 2024
North Korea holds first 'nuclear trigger' drills as U.S. and South set for cost-sharing talks
Pyongyang said the exercises, which came ahead of U.S.-South Korea talks on cost-sharing for hosting troops, were “a clear warning” to the North's enemies.
Prime Minister Fumio Kishida speaks at a meeting for Noto Peninsula reconstruction at the Prime Minister's Office on Tuesday.
Apr 23, 2024
Japan OKs ¥138.9 billion in fresh spending over Noto quake
This will be the fourth round of spending from the state reserve funds for the quake-affected areas in central Japan.
An employee handles 155 mm-caliber shells after the manufacturing process at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, on April 16.
WORLD / Politics
Apr 22, 2024
Conflicts push military spending to all-time high, report says
Nations around the world are spending more than ever on their militaries as conflicts continue across various regions.
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.


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