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July 05, 2025
 

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BUDGETS

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
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.
Japan Times
BUSINESS / Economy
Jun 28, 2016
South Korea plans $8.4 billion extra budget as shield against Brexit, weak exports
South Korea's government said Tuesday it will soon present to parliament a supplementary budget of around 10 trillion won ($8.44 billion) as the nation grapples with weak exports, turmoil from Brexit in financial markets, and a corporate overhaul of the country's shipping and shipbuilding industries....
WORLD
Apr 5, 2016
Just 10% of global military spending could make big impact on poverty: think tank
World military spending rose 1 percent in 2015, the first annual increase in four years, a Stockholm think tank said Tuesday as it estimated 10 percent of this could cover the costs of global goals aiming to end poverty and hunger in 15 years.
Japan Times
WORLD / Science & Health
Jan 21, 2016
Cash-strapped Russia considers 30% cut to its space program
Russia will spend 30 percent less on its space program in the next decade and scale back a slew of projects to save money in the face of tanking oil prices and a falling ruble, a plan presented by the country's space agency showed on Wednesday,
Japan Times
WORLD / Science & Health
Dec 30, 2015
Russia to revise space program amid economic troubles, including cuts to moon exploration
Russia is to revise its space program, the national space agency said on Tuesday after a newspaper published a report that billions of dollars of cuts may be on the way, including to ambitious moon exploration plans.
Japan Times
BUSINESS / Economy
Dec 30, 2015
China eyes huge deficit to cushion reforms, slowing growth
China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after a year of easing monetary policy has brought disappointing results.
EDITORIALS
Dec 25, 2015
Budgeting ahead of an election
The Abe administration appears to be sacrificing budgetary discipline in favor of doling out pork ahead of the Upper House election.
Japan Times
COMMENTARY / Japan
Nov 22, 2015
Higher education badly in need of a spending boost
The global rankings of Japanese universities will keep falling unless more money is spent to improve the quality of higher education.
COMMENTARY / Japan
Jul 2, 2015
Reaganomics is not the answer for Japan
If Abe doesn't rethink his approach, and develop a plan to cut wasteful spending and find new revenue sources, things are sure to get worse for Japan.
Japan Times
BUSINESS
Jun 29, 2015
Japan weighs 'almost suicidal' pension squeeze for growing band of seniors
Sipping beer and listening to a guitarist at an event for retirees in western Tokyo, Sadao Sekine said he backs government plans to cut the nation's ballooning debt — as long as he can keep his benefits.
EDITORIALS
May 17, 2015
Fiscal road map needs hard choices
Prime Minister Shinzo Abe must be willing to make hard choices if he wants to reduce the nation's massive debt.
Japan Times
ASIA PACIFIC
Mar 4, 2015
Chinese defense spending slows but still tops GDP growth rate
China's central government will increase defense spending at a slower pace than last year as President Xi Jinping overhauls the military and seeks to stamp out the corruption that hinders the country's combat readiness.
BUSINESS / Economy / ANALYSIS
Jan 14, 2015
Budget was no easy feat amid ¥1.5 trillion tax revenue shortfall
The Abe administration faced a daunting task to make up for a revenue shortfall from a delay in the consumption tax hike, and amid a snowballing social security bill, analysts say.
Japan Times
BUSINESS / Economy / ANALYSIS
Dec 13, 2014
Wall Street scores in Washington, eyes more anti-reform victories
Five years after President Barack Obama slammed Wall Street "fat cat" bankers, some of the nation's biggest banks this week successfully lobbied Congress to roll back a hotly debated provision in the 2010 Dodd-Frank financial reform law.
WORLD / Politics
Dec 12, 2014
U.S. narrowly averts government shutdown
The U.S. House of Representatives narrowly passed a $1.1 trillion spending bill to avert a government shutdown Thursday less than three hours before a midnight deadline, overcoming strenuous Democratic objections to controversial financial provisions.
Japan Times
WORLD / Politics
Dec 10, 2014
Congress reaches deal for $1.1 trillion U.S. spending bill
Congressional negotiators resolved policy disputes to reach a deal for a $1.1 trillion spending bill on Tuesday but still expected to need a stop-gap extension to avoid a U.S. government shutdown at midnight on Thursday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Japan to require flight passengers to keep power banks within sight
The transport ministry has announced new regulations requiring flight passengers to keep power banks within sight to mitigate fire risks while on board planes.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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