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July 27, 2024
 

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BUDGETS

Japan Times
COMMENTARY / Japan
Feb 20, 2020
What to make of the record defense budget
If the Abe administration is seeking to make its mark on defense spending, it will have to try again next year.
Japan Times
WORLD / Politics
Feb 10, 2020
Trump slashes foreign aid and cuts safety net programs in new budget proposal
U.S. President Donald Trump on Monday will propose a 21 percent cut in foreign aid and slashes to social safety net programs in his $4.8 trillion budget proposal for fiscal 2021, according to senior administration officials.
Japan Times
BUSINESS
Feb 10, 2020
Trump to propose $4.8 trillion U.S. budget with large cuts in safety nets and foreign aid, WSJ reports
U.S. President Donald Trump will release a $4.8 trillion budget on Monday that will propose steep cuts to social safety net programs and foreign aid, the Wall Street Journal reported on.wsj.com/37hXtbj on Sunday.
Japan Times
BUSINESS
Jan 30, 2020
¥4.4 trillion extra budget clears Japan's Upper House
More than half of the massive spending package — u00a52.3 trillion — is earmarked for disaster recovery measures and other public works projects.
Japan Times
ASIA PACIFIC
Jan 29, 2020
Amid cost-sharing talks, U.S. military warns it may run out of funds to pay South Koreans
In a move likely watched closely by Japan, the U.S. military has begun issuing furlough warnings to almost 9,000 civilian South Korean employees as Washington and Seoul remain at loggerheads over President Donald Trump's demand that its ally pay more for its hosting of American troops.
Japan Times
JAPAN
Jan 25, 2020
U.S. diplomat says Japan is 'not a dependent,' urges greater security contribution
A senior U.S. State Department official says that Japan is among the countries that should contribute greater funding to its security alliance with Washington, adding Tokyo is “not a dependent” but an “ally.”
Japan Times
BUSINESS
Jan 17, 2020
Japan shrinks budget surplus forecast as it grapples with debt mountain
Japan kept unchanged its timing for balancing the primary budget on Friday, but expects to see a much smaller excess than previously thought when it hits a budget surplus, underlining the government's struggle to rein in massive public debt.
Japan Times
JAPAN
Dec 23, 2019
Japan to hire 1,726 more teachers in 2020 for elementary and junior high schools
The government will increase its employment quota for teachers at public elementary and junior high schools by 1,726 in fiscal 2020.
Japan Times
BUSINESS / ANALYSIS
Dec 21, 2019
'Too optimistic': Japan tax hike not enough to boost nation's finances
The nation's tax revenue is expected to end up lower than the record high figure estimated in the fiscal 2020 draft budget.
Japan Times
JAPAN
Dec 20, 2019
Japanese defense budget hits new high with focus on space and cyberspace
The government Friday approved a record draft defense budget for fiscal 2020 totaling ¥5.31 trillion ($48.5 billion) as it seeks to strengthen the nation's defense capabilities in outer space and cyberspace.
Japan Times
JAPAN
Dec 19, 2019
Japan approves reduced post-3/11 reconstruction budget, citing progress
The government approved a plan Thursday to drastically reduce its budget for reconstruction of areas hit by the 2011 earthquake, tsunami and nuclear disaster due to progress in ongoing projects.
Japan Times
ASIA PACIFIC
Dec 18, 2019
South Korea and U.S. fail to agree on cost of American troops as deal set to expire
South Korea and the United States failed on Wednesday to reach an agreement over Seoul's contribution toward hosting some 28,500 U.S. troops, ending two days of talks that were the last before their existing deal expires on Dec. 31.
Japan Times
BUSINESS / Economy
Dec 18, 2019
Japan to earmark record ¥102 trillion for 2020 budget as social security and defense costs rise
The central government will distribute u00a516.6 trillion to local governments, up u00a5400 billion from the previous year.
Japan Times
ASIA PACIFIC
Dec 14, 2019
South Korean protesters destroy portraits of U.S. ambassador
Protesters angry over American demands that South Korea pay more for defence destroyed portraits of the U.S. ambassador stuck on blocks of tofu outside the U.S. Embassy on Friday after police warned them against staging a more aggressive demonstration.
BUSINESS
Dec 13, 2019
Japan's Cabinet approves ¥4.47 trillion extra budget focused on post-disaster reconstruction
The Cabinet approved Friday an extra budget totaling ¥4.47 trillion for this fiscal year, to support reconstruction efforts following natural disasters and prepare mitigation measures for similarly catastrophic events in the future.
BUSINESS
Dec 12, 2019
Japan's extra budget for fiscal 2019 expected to reach ¥3.2 trillion
The government plans to earmark ¥3.2 trillion in spending under a planned supplementary budget for fiscal 2019, which ends in March, sources said Thursday.
Japan Times
JAPAN
Dec 10, 2019
Japan estimates post-3/11 reconstruction costs at ¥1.5 trillion for fiscal 2021-25
The government announced an estimate Monday that it will spend around ¥1.5 trillion on reconstruction projects for areas devastated by the March 11, 2011, earthquake and tsunami in the five-year period starting from fiscal 2021.
Japan Times
BUSINESS / Economy
Dec 10, 2019
Japan's initial fiscal 2020 budget to top ¥100 trillion again, hitting new record
Japan's initial budget for fiscal 2020 will hit a record high and top ¥100 trillion ($920 billion) for the second straight year due to swelling social security and defense costs, government sources said Monday.
Japan Times
BUSINESS / Economy
Dec 3, 2019
Japan preparing ¥13 trillion stimulus package as recession risks rise
The spending could further strain the industrial world's heaviest public debt burden, which is more than twice the size of the Japanese economy.
BUSINESS / Economy
Nov 23, 2019
Japan plans supplementary funding as cashless payment reward program takes off
The government is considering additional funding of more than ¥100 billion ($920 million) in the supplementary budget to finance a popular rewards program for shoppers making cashless payments, Jiji Press has learned.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

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By Alex K.T. Martin

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