Tag - budgets

 
 

BUDGETS

Japan Times
JAPAN / Politics
Dec 6, 2022
Japan to defer tax hikes for defense spending until 2027
The delay is planned in light of economic uncertainties stemming from rising prices, while strong opposition from members of the ruling Liberal Democratic Party to corporate and other tax hikes was also a factor, sources say.
JAPAN
Dec 6, 2022
Kishida seeks to hike defense spending by more than 50% over five years
The new budget would put Japan closer to the target Kishida ordered last week of spending 2% of gross domestic product on defense by 2027.
Japan Times
JAPAN / Politics
Dec 3, 2022
Japan eyes up to ¥43 trillion for five-year defense spending plan
The new numbers marked a compromise between the defense and finance ministries amid concerns about worsening one of the industrial world's worst debt burdens.
Japan Times
JAPAN / Politics
Dec 3, 2022
LDP lawmakers say taxes should not be hiked to cover rising defense spending
A group of young lawmakers from theu00a0ruling Liberal Democratic Party has compiled a draft proposal urging the government to issue bonds to cover the spending hike.
JAPAN
Nov 29, 2022
In major shift, Kishida sets defense spending target at 2% of GDP for first time
Japan has long maintained an informal cap on defense spending of around 1% of GDP, but calls for an increase have grown amid escalating threats from China and North Korea.
JAPAN
Nov 21, 2022
Panel says public must shoulder burden of strengthening Japan's defenses
The draft proposal rejected relying on government bond issues, and said that 'the burden must be shouldered by the public through a wide range of taxes.'
JAPAN / FOCUS
Nov 14, 2022
Crowdfunding helping plug gap in government funding for academic research
The fundraising mechanism has also come into wider use in the nation's medical community, with some cases of research gathering pace after collecting large amounts of financial support.
BUSINESS / Economy
Nov 7, 2022
Japan spent ¥45.5 billion in tax money wastefully in fiscal 2021, government reports
There were 310 reported cases of wasteful spending, the Board of Audit of Japan has said, following a slump in the number of on-site inspections by board staff during the pandemic.
JAPAN
Nov 1, 2022
Japan's Defense Ministry haunted by ammo and parts shortages
There is a growing sense of crisis over the shortages, which could affect the country's capabilities to continue to fight in the event of a contingency.
JAPAN / Politics / FOCUS
Oct 30, 2022
Can LDP and Komeito hammer out differences over defense spending?
The coalition partners disagree on issues such as counterstrike capability as well as budget size and allocation.
BUSINESS
Oct 19, 2022
With weak yen, Japan aims to earn $34 billion from tourists next fiscal year
Japan must balance between spending its way out of the COVID-induced doldrums while reining in the industrial world's heaviest public debt.
JAPAN / ANALYSIS
Oct 19, 2022
Japan rushes to rearm with eye on 2027 — and China's Taiwan ambitions
By pointing to 2027 as the moment when East Asia's power balance may tip in China's favor, Japan's government can rally support for greater defense spending, experts say.
BUSINESS
Sep 30, 2022
Kishida orders stimulus as analysts warn of overspending
The measures will tackle price rises, encourage pay increases and speed up Kishida's drive to transform capitalism in Japan.
JAPAN / Politics / ANALYSIS
Aug 31, 2022
Japan is seeking its biggest defense budget ever. This may not be as dramatic as it sounds.
The Defense Ministry is seeking u00a55.59 trillion for the next fiscal year — a figure that reflects an established trend rather than a break from the past, experts say.
Japan Times
JAPAN / Society
Aug 31, 2022
Justice Ministry seeks ¥27 billion to support foreign residents
The ministry plans to expand consultation services for foreign nationalsu00a0as the number of arrivals is expected to increase due to relaxed border controls.
JAPAN
Aug 23, 2022
Defense Ministry to request 'unspecified' funding for over 100 projects in fiscal 2023
The number of projects is drastically higher than in normal years, with the budget request already exceeding a record set in fiscal 2021 before they are included.
JAPAN / Politics
Aug 10, 2022
Japan's new defense chief set to have his work cut out for him — again
Yasukazu Hamada, a 10-term Lower House lawmaker, previously served as defense minister between 2008 and 2009.
Japan Times
JAPAN
Jul 28, 2022
Japan to avoid capping defense spending next year
The budget outline, which serves as a guideline for ministries in submitting spending requests for next fiscal year, will be approved by Cabinet on Friday.
BUSINESS
Jul 25, 2022
Former Japan economy minister calls for talks on big extra budget in fall
Prime Minister Fumio Kishida has said he will think about another budget depending on the circumstances.
Japan Times
BUSINESS / FOCUS
Jul 19, 2022
Japan offers subsidies for home purchases by child-rearing families
The subsidies are also intended to promote the fight against global warming, in line with the government goal of reducing greenhouse gas emissions to effectively zero by 2050.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past