NEWSWORTHY

Prolonged U.S. shutdown threatens to unsettle economy

Business Dec 30, 2018

Prolonged U.S. shutdown threatens to unsettle economy

The paralysis triggered by the U.S. government shutdown could have unexpected consequences, such as muddying economic statistics just as the markets are extremely reactive to any whiff of uncertainty. More than a week into the game of chicken between President Donald Trump and Democrats in ...

Japan to seek more transparent and efficient procurement of U.S. arms

National Dec 1, 2018

Japan to seek more transparent and efficient procurement of U.S. arms

In its new defense buildup guidelines, Japan is considering including a pledge to improve the transparency and efficiency of its procurement process for U.S. military equipment amid concerns over its rising defense budget, government sources said Friday. Japan purchases U.S. defense equipment mainly through a ...

Business / Economy Aug 31, 2018

Japan's government budget requests for fiscal 2019 hit record high

Budget requests from government ministries and agencies for fiscal 2019 reached a record-high ¥102.5 trillion ($923 billion) amid snowballing social security costs and increasing defense spending, officials said Friday. The figure suggests that the initial general account budget for the year beginning next April could ...

Abe will compile extra budget if needed over rain disasters

National / Politics Jul 21, 2018

Abe will compile extra budget if needed over rain disasters

Prime Minister Shinzo Abe's government will consider compiling a supplementary budget while examining the damage due to floods and other disasters caused by the recent torrential rains mainly in western Japan. "We'll respond in an appropriate manner, based on needs," Abe told a news conference ...

New Zealand budget aims to deliver on 'Jacinda-mania'

Asia Pacific / Politics May 17, 2018

New Zealand budget aims to deliver on 'Jacinda-mania'

New Zealand's center-left government boosted spending on welfare and public services Thursday in a maiden budget aimed at delivering on the promises made during last year's "Jacinda-mania" election campaign. Health services are the centerpiece of the budget's spending spree, after Prime Minister Jacinda Ardern's campaign ...