Japan ruling coalition proposes new stimulus package to cushion economy
The coalition also urged the government to offer payouts to pensioners to ease the pain from the COVID-19 pandemic, a sign Tokyo will be slow in weaning off crisis-mode support.
Berlin says it will purchase 35 of the $100 million-plus warplanes and 15 Eurofighter jets equipped for electronic warfare as part of its response to Russia’s invasion of Ukraine.
Japan’s economy needs more spending aid, Abenomics advocate says
The call for more stimulus by Etsuro Honda comes barely three months after Prime Minister Fumio Kishida unveiled a bigger-than-expected ¥56 trillion package to support the economy.
China sets lowest GDP target in decades over 'grave' outlook
The 5.5% target was the lowest in decades, as Premier Li Keqiang warned of a "grave and uncertain" outlook against the backdrop of the coronavirus, a property slump and the war in Ukraine.
China defense budget rises 7.1% for fastest clip in three years
China projected defense spending growth is the fastest pace since 2019 as President Joe Biden moves to strengthen the United States' position in the Indo-Pacific region.
How Germany’s historic shift on military spending could affect Japan’s defense plans
Berlin’s about-face on its modest defense budget, which immediately followed Russia's invasion of Ukraine, has already begun to re-energize the issue of spending in Tokyo.
Germany to lift defense spending in latest historic policy shift
German Chancellor Olaf Scholz said his country will spend more than 2% of GDP each year on defense, in line with a NATO target that Berlin has consistently failed to meet.
Japan ruling party welcomes opposition votes for draft budget
The DPP voted for the budget in the Lower House on Tuesday after taking a similar action at the chamber's Budget Committee the previous day.
Japan keeps budget for lawmakers' trips abroad despite pandemic
Apart from a few voices, there are no signs of calls for a drastic review of the policy gaining traction.
Japan’s draft budget hits record high for 10th straight year
Spending on areas such as social security and defense has jumped, while estimated tax revenue has been revised upwards.
Japan's defense budget for 2022 hits record for eighth year
The draft budget, including outlays for hosting U.S. military bases, rose 1.1% from the current fiscal year ending in March as Japan ramps up its defense capabilities.
Fiscal 2022 initial budget expected to total ¥107.6 trillion
The budget has been drafted on the assumption that the government will see record tax revenue of ¥65.2 trillion, up from ¥63.9 trillion estimated for the current year.
