China eyes huge deficit to cushion reforms, slowing growth

/ 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. The government is expected ...

Dec 19, 2015

Cost to host 2020 Olympic Games surges sixfold to ¥1.8 trillion

The cost to host the 2020 Tokyo Olympics has skyrocketed, with the tally now roughly six times the original estimate of ¥301.3 billion (roughly $2.5 billion) a source said Friday. Calculations by the Tokyo 2020 Organizing Committee and the Tokyo Metropolitan Government have now tabbed ...

Dec 18, 2015

Abe's Cabinet OKs ¥3.5 trillion extra budget to support economy

Prime Minister Shinzo Abe's Cabinet approved an extra budget Friday worth ¥3.5 trillion for this fiscal year through March to bolster the economy through enhanced welfare services and a more competitive farm sector. The fiscal 2015 supplementary budget plan is designed to realize the prime ...

Nov 27, 2015

Abe orders extra budget drafted to boost welfare, agriculture

Prime Minister Shinzo Abe on Friday instructed his Cabinet to compile an extra budget for fiscal 2015 to bolster welfare services and improve the competitiveness of the farm sector. The supplementary budget for fiscal 2015 ending March 31 is likely to be worth more than ...

/ Sep 29, 2015

Senate vote to OK stopgap spending bill

Over the opposition of the most conservative republicans in the chamber, the senate is set to pass a spending bill to prevent the government from shutting down this week. Tuesday's expected vote comes after a 77-19 tally Monday easily beat a token threat to use ...