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July 27, 2024
 

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BUDGETS

Japan Times
BUSINESS
Feb 12, 2018
Trump's $1.5 trillion plan to overhaul U.S. infrastructure faces significant hurdles
U.S. President Donald Trump will roll out an infrastructure plan on Monday that already faces significant hurdles in Congress because it does not offer as much new federal funding as Democrats want or directly address how to pay for the effort.
Japan Times
WORLD / Politics
Feb 10, 2018
Trump signs deal to end brief agency shutdown and boost U.S. spending
A brief U.S. government shutdown ended on Friday after Congress passed and President Donald Trump signed into law a temporary spending deal expected to push budget deficits past $1 trillion annually with new military and domestic outlays.
Japan Times
ASIA PACIFIC
Feb 7, 2018
China defense spending to eclipse rest of Asia-Pacific by 2030: report
China has been spending more and more on modernizing its defense systems and technologies. So much so that its budget is set to surpass the rest of the Asia-Pacific region combined by 2030.
Japan Times
WORLD / Politics
Feb 7, 2018
U.S. House passes stopgap spending bill as Trump threatens shutdown over immigration
The U.S. House of Representatives on Tuesday approved another stopgap bill to keep the federal government from shutting down, hours after President Donald Trump said he would "love" to see a shutdown if immigration legislation was not included.
Japan Times
WORLD / Politics
Jan 27, 2018
Trump said to seek $716 billion for defense in 2019 budget
U.S. President Donald Trump will propose increasing total defense spending to $716 billion in fiscal 2019 in his budget request expected to be released in February, a U.S. official said, backing the Pentagon's push for a major buildup.
Japan Times
WORLD / Politics
Jan 15, 2018
France expects U.K. to pay up and take more refugees to maintain border: official
France expects the U.K. to agree to take more asylum seekers and pay more for border security in order to maintain a frontier on the French side of the English Channel, a French government official said.
Japan Times
WORLD / Politics
Sep 9, 2017
U.S. Senate panel rejects Trump's 'doctrine of retreat' on foreign policy
A powerful Senate committee blasted the Trump administration on Friday in a report accompanying its spending plan for the State Department, saying its approach to foreign policy weakens U.S. standing in the world.
Japan Times
JAPAN / Politics
Aug 31, 2017
Defense spending set to reach a record, as ministry seeks anti-missile measures in budget request
The Defense Ministry on Thursday requested a record-high budget of ¥5.26 trillion for fiscal 2018, underscoring heightened concern over what Prime Minister Shinzo Abe called the "unprecedented" and "grave" security threat posed by North Korea's military provocations.
Japan Times
BUSINESS / Economy
Aug 26, 2017
Labor ministry to seek ¥280 billion for labor reform in '18
The labor ministry said Friday it is seeking around ¥280 billion to promote labor reform as part of a total budgetary request for a record ¥31.43 trillion in fiscal 2018.
WORLD / Politics
Mar 16, 2017
Trump budget plan to propose major cuts for foreign aid, EPA
President Donald Trump will propose deep cuts for foreign aid and environmental protection and a steep increase in military spending in a budget plan to be released on Thursday, a congressional source said.
Japan Times
JAPAN
Dec 17, 2016
With fresh cuts, 2020 Tokyo Olympics organizers estimate total cost at ¥1.6 trillion to ¥1.8 trillion
The Tokyo Olympic organizing committee estimates the cost of hosting the 2020 Games at between u00a51.6 trillion and u00a51.8 trillion, sources say.
WORLD
Dec 6, 2016
Pentagon buried study that found $125 billion in wasteful spending: report
A Defense Department study that proposed cutting $125 billion in administrative waste from the Pentagon budget was buried amid concerns the findings would give Congress an excuse to further slash defense spending, The Washington Post reported Monday.
EDITORIALS
Dec 2, 2016
Extra budgets and fiscal discipline
Despite promises to the contrary, the Abe administration keeps boosting government spending by making use of supplementary budgets.
Japan Times
BUSINESS / Economy
Nov 7, 2016
China names new finance minister to replace veteran Lou Jiwei
China has replaced veteran reformer Lou Jiwei with a new finance minister who will be tasked with juggling fiscal stimulus and efforts to rein in excess leverage in the world's second-largest economy.
Japan Times
JAPAN / Politics
Oct 15, 2016
Abe orders ministers to study specific ways to curb rise in medical spending
Prime Minister Shinzo Abe has ordered his ministers to study specific measures to curb increases in medical expenditures as an effort to restore the nation's fiscal health.
Japan Times
WORLD
Sep 14, 2016
U.S., Israel to sign record military aid deal
The United States and Israel have agreed on a record $38 billion package of U.S. military aid and will sign the pact on Wednesday, enshrining defense funding for Washington's closest Middle East ally for the next decade, officials said.
WORLD
Aug 20, 2016
U.S. Army fudged accounts by trillions of dollars, auditor finds
The United States Army's finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.
BUSINESS / Economy
Jul 12, 2016
Abe orders drafting of new stimulus package to breathe life into Japan's economy
Prime Minister Shinzo Abe orders economic revitalization minister Nobuteru Ishihara to come up with a range of economic measures, including a supplementary budget for fiscal 2016.
BUSINESS / Economy
Jul 2, 2016
¥56.2 trillion tax revenue lower than government's estimate, making financing an extra budget difficult
Tax revenues in fiscal 2015 totaled u00a556.29 trillion, falling short of the central government's estimate, which will make it hard to finance an extra budget in the current fiscal year.
Japan Times
BUSINESS / Economy
Jun 28, 2016
South Korea plans $8.4 billion extra budget as shield against Brexit, weak exports
...
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.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
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.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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JNTO promotes sustainable tourism initiatives

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