Tag - budgets

 
 

BUDGETS

Constitutional Democratic Party of Japan leader Yoshihiko Noda attends a news conference on Friday.
JAPAN / Politics
Mar 9, 2025
CDP leadership faces growing internal frustration
Due to the CDP's lackluster performance, a party source said, "We can't compete in (this summer's) House of Councilors election if we don't do anything."
A dry rice field in Subang, West Java, Indonesia, on July 29, 2023
ENVIRONMENT / Climate change
Mar 6, 2025
Europe’s defense budget rips through its climate-crisis buffer
Spending cuts here and now mean future climate costs may rise, said the head of a climate nonprofit.
Military delegates arrive for the opening session of the National People's Congress at the Great Hall of the People in Beijing on Wednesday.
ASIA PACIFIC / Politics
Mar 5, 2025
China says it will boost defense spending by 7.2% this year
The 1.78 trillion yuan ($246 billion) budget was revealed at the annual session of China’s National People’s Congress on Wednesday.
Elbridge Colby appears at his confirmation hearing before the Senate Armed Services Committee to be undersecretary of defense for policy at the Capitol in Washington on Tuesday.
JAPAN / Politics
Mar 5, 2025
Trump Pentagon policy pick pushes Japan and Taiwan to boost defense spending
Tokyo should boost its defense budget to 3% of GDP "as soon as possible,” said Elbridge Colby, Trump's pick for the top policy job at the Pentagon.
The Lower House Budget Committee votes for the fiscal 2025 budget in Tokyo on Tuesday.
JAPAN / Politics
Mar 4, 2025
Budget clears Lower House in key win for Ishiba
The budget’s approval in the Lower House has long been seen as an indispensable requirement for the survival of the Ishiba administration.
Prime Minister Shigeru Ishiba (center) at the Prime Minister's Office on Friday. The Cabinet has decided to spend an additional ¥106.8 billion ($710 million) from its fiscal 2024 budget reserve funds on disaster relief for areas hit by the Noto Peninsula earthquake last year.
JAPAN / Politics
Feb 28, 2025
Japan to spend additional ¥106.8 billion on aid for quake-hit Noto
The latest relief, using reserve funds from the fiscal 2024 budget, takes the total of financial aid for the peninsula in Ishikawa Prefecture to more than ¥820 billion.
Constitutional Democratic Party of Japan head Yoshihiko Noda speaks at the party's convention in Tokyo on Monday.
JAPAN / Politics / FOCUS
Feb 26, 2025
Is time running out for CDP in budget talks with the ruling coalition?
Concerns have emerged that the main opposition party might have lost its bargaining chip after Nippon Ishin no Kai clinched a deal with the minority government.
Nippon Ishin no Kai co-leader Seiji Maehara speaks at the party's executive meeting in Tokyo on Tuesday.
JAPAN / Politics
Feb 25, 2025
Ruling coalition clinches budget deal with Nippon Ishin
The agreement is expected to lead to an increase in government spending on public and private education from April.
Yoshihiko Noda, leader of the Constitutional Democratic Party of Japan, speaks at a party convention in Tokyo on Monday.
JAPAN / Politics
Feb 25, 2025
CDP to accelerate election preparations after party convention
The CDP adopted a program of activities for fiscal 2025 that positions a change of government as its top goal.
Prime Minister Shigeru Ishiba in parliament on Friday
JAPAN / Politics / FOCUS
Feb 21, 2025
LDP and opposition lock horns over Japan budget
Mindful of how much the ruling coalition needs their support, Nippon Ishin no Kai and the Democratic Party for the People are digging their heels in.
Prime Minister Shiger Ishiba waits for the Lower House Budget Committee session to begin in Tokyo on Wednesday.
JAPAN / Politics
Feb 20, 2025
Dispute over funds scandal questioning delays budget talks as CDP seeks leverage
Veering off schedule, even for a day, is detrimental to securing passage of the fiscal 2025 budget in the Lower House by March 2 — a priority for the government.
DPP tax chair Motohisa Furukawa speaks during a meeting of the party's tax committee in Tokyo on Wednesday.
JAPAN / Politics
Feb 19, 2025
Debate over income tax threshold reform hits roadblock with new LDP proposal
Neither Komeito, the ruling coalition's junior partner, nor the opposition Democratic Party for the People supported the LDP's new income tax plan.
Prime Minister Shigeru Ishiba replies to Nippon Ishin no Kai co-leader Seiji Maehara at a Lower House budget committee session in Tokyo on Monday.
JAPAN / Politics
Feb 18, 2025
Government makes slow progress on budget concessions
Opposition parties are making known their policy demands, and even seeking legal guarantees, in return for their support in passing the budget for fiscal 2025.
Constitutional Democratic Party of Japan leader Yoshihiko Noda says that his party aims to revise the budget for fiscal 2025 by a scale of ¥1 trillion ($6.6 billion).
JAPAN / Politics
Feb 18, 2025
CDP may not approve fiscal 2025 draft budget, Noda says
Its approval depends on how far the Liberal Democratic Party-led ruling coalition accepts the opposition party's proposed amendments.
Opposition party Nippon Ishin no Kai co-leader Seiji Maehara suggested his party would accept postponing to fiscal 2026 the abolition of the income cap on financial aid for households with students attending private high schools.
JAPAN / Politics
Feb 17, 2025
Nippon Ishin to accept fiscal year 2026 income cap abolition for tuition aid
Making education free is one of Nippon Ishin's conditions for supporting the fiscal 2025 state budget bill.
Prime Minister Shigeru Ishiba speaks during a session of parliament on Thursday afternoon.
JAPAN / Politics / FOCUS
Feb 14, 2025
Budget talks intensify between ruling coalition and opposition parties
The minority government is looking to pass its budget by March 2 to give Prime Minister Shigeru Ishiba some breathing room.
Prime Minister Shigeru Ishiba talks with executives of his Liberal Democratic Party in the parliament building in Tokyo on Monday.
JAPAN / Politics
Feb 11, 2025
Japan's ruling-opposition talks reach a critical point
For its enactment by the end of March, the fiscal 2025 budget bill needs to clear the Lower House on March 2, at the latest.
U.S. President Donald Trump welcomes Prime Minister Shigeru Ishiba to the White House in Washington on Friday.
JAPAN / Politics / ANALYSIS
Feb 10, 2025
Ishiba builds inroads with Trump, but challenges still loom
Ishiba won praise for his deft handling of Trump, squelching critics’ predictions that the president would walk all over the bookish Japanese leader.
Rapidus, which is expected to begin pilot production of chips in April and achieve mass production in 2027, is the cornerstone of the government’s effort to revive its domestic semiconductor industry.
BUSINESS / Companies
Feb 7, 2025
Cabinet approves bill to fund Rapidus semiconductor production
Rapidus is the cornerstone of the government’s effort to revive its domestic semiconductor industry.
While the ruling minority government’s weakened position has emboldened opposition parties to push for more spending across multiple policy fronts, the International Monetary Fund has warned there is limited space today in Japan to address the risks of natural disasters and mounting social security costs.
BUSINESS / Economy
Feb 7, 2025
Japan needs immediate deficit cut to fix fiscal path, IMF warns
The government needs to prepare now to avoid negative surprises four or five years down the road, the IMF’s Japan mission chief says.

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