Tag - budgets

 
 

BUDGETS

Opposition parties are proposing a consumption tax cut as inflation, especially food inflation, remains high.
BUSINESS / Economy / FOCUS
Jul 2, 2025
Consumption tax cut enters political conversation ahead of Upper House election
The Liberal Democratic Party opposes a reduction in the tax, but opposition parties are in favor of a cut.
A Self-Defense Forces tank unit takes part in parade at Camp Asaka, near Tokyo, in October 2018. The percentage of GDP spent on defense is a politically convenient but flawed metric that oversimplifies the complex realities of alliance management.
COMMENTARY / Japan
Jul 2, 2025
In the Trump era, how much should countries really be spending on defense?
In truth, the “percentage of GDP” approach is a political one, not a practical one
A malnourished child reacts while a health care worker takes his vitals at Tudun Gambo Primary Health Care Center, Tudun Gambo, Nigeria, in May. Programs funded by the U.S. Agency for International Development are estimated to have helped prevent more than 91 million deaths over the past two decades, including 30 million among children.
WORLD / Politics
Jul 1, 2025
Trump’s plan for USAID cuts risks 14 million additional deaths, study warns
Researchers project 1.8 million excess deaths in 2025 alone if the cuts continue.
German Ambassador to Japan Petra Sigmund says that Tokyo and Berlin "face similar security challenges," and that they must "invest in defense, deterrence and diplomacy alike."
JAPAN / Politics
Jul 1, 2025
‘No time to lose’: Germany aims to boost defense-industrial ties with Japan
Berlin’s ambassador to Tokyo says her country is looking to quickly ramp up cooperation amid a growing Russian threat.
The U.S. Capitol in Washington on Saturday.
WORLD / Politics
Jun 29, 2025
Trump's sweeping tax-cut and spending bill clears first U.S. Senate hurdle
The Senate voted Saturday to begin debate on the legislation just hours after party leaders unveiled the latest version of the massive tax and spending package.
Constitutional Democratic Party of Japan leader Yoshihiko Noda speaks during an interview at the party's headquarters in Tokyo on Wednesday.
JAPAN / Politics
Jun 27, 2025
Ahead of election, CDP chief vows 'responsible' tax cut
"Measures to cope with rising prices will be the biggest focus (of the July 20 House of Councilors election)," Yoshihiko Noda said.
NATO Secretary-General Mark Rutte stands next to U.S. President Donald Trump as alliance leaders pose for a group photo during a NATO summit in The Hague on Wednesday.
WORLD / Politics
Jun 25, 2025
NATO lines up ‘big success’ for Trump with new defense spending target
The new target for NATO member nations could give more ammunition to the U.S. in its calls for Japan to spend more money on defense.
Prime Minister Shigeru Ishiba speaks to reporters at the Prime Minister's Office on Sunday.
JAPAN / Politics
Jun 23, 2025
Ishiba to skip key NATO summit following Iran strikes
Two other invitees — Australian Prime Minister Anthony Albanese and new South Korean President Lee Jae-myung — have also decided not to attend the gathering.
Chief Cabinet Secretary Yoshimasa Hayashi
JAPAN / Politics
Jun 23, 2025
Japan denies U.S. directly asked it to hike defense spending to 5% of GDP
Tokyo’s top government spokesman also said it was untrue that Japan had postponed a key bilateral security meeting over the issue.
Australian Defense Minister Richard Marles looks on during a ceremonial reception in New Delhi on June 4.
ASIA PACIFIC / Politics
Jun 22, 2025
Australia says it will base defense spending on country’s needs
Defense Minister Richard Marles will join NATO leaders for meetings in the coming week at the Hague, where he said a conversation on the issue is expected.
Defense Minister Gen Nakatani U.S. Defense Secretary Pete Hegseth review an honor guard during a welcome ceremony at the Ministry of Defense in Tokyo on March 30.
JAPAN / Politics
Jun 21, 2025
Japan scraps ‘two-plus-two’ meeting with U.S. over defense spending demand, report says
The talks’ cancellation reportedly came after the U.S. asked Japan to hike its defense budget to 3.5% of gross domestic product.
U.S. Defense Secretary Pete Hegseth and Defense Minister Gen Nakatani attend the Shangri-La Dialogue security summit in Singapore on May 31.
JAPAN
Jun 20, 2025
Pentagon says Japan must meet ‘global standard’ and spend 5% of GDP on defense
Both allies had been mum on whether the U.S. would press Japan specifically to hit the 5% target amid political sensitivities over the issue.
Anthony Albanese
ASIA PACIFIC / Politics
Jun 15, 2025
Australia PM Albanese to meet with Trump on G7 sidelines in Canada
Australian leader Anthony Albanese will meet with U.S. President Donald Trump at the G7 summit in Canada for talks on the AUKUS defense pact and tariffs.
Prime Minister Shigeru Ishiba's Cabinet has approved this year's <i>honebuto no hōshin</i>, a document that sets economic and fiscal management guidelines for the government.
BUSINESS / Economy
Jun 13, 2025
Wage growth a focus of this year's honebuto no hōshin
The government's guidelines for economic and fiscal management outline the target of raising the average minimum hourly wage to ¥1,500 by 2030.
Canadian Prime Minister Mark Carney stands alongside Chief of the Defense Staff Gen. Jennie Carignan and Minister of National Defense David McGuinty as he makes a speech about defense and security at Fort York Armory in Toronto on Monday.
WORLD / Politics
Jun 10, 2025
Canada vows to meet NATO defense budget target early
New Canadian leader Mark Carney said he will boost funding for the armed forces and hit NATO's 2% military spending target this fiscal year, five years earlier than promised.
Many economies in Asia have invested at much lower levels on defense than the U.S., expecting the support of Washington’s military might.
ASIA PACIFIC / Politics
Jun 6, 2025
Asia sees Trump’s 5%-of-GDP defense spending goal as unrealistic
In interviews, key defense officials in Asia have been clear: The ambition is understood, but the math just doesn’t add up.
Australian defense chief Richard Marles speaks during the Shangri-La Dialogue security conference in Singapore on Saturday.
ASIA PACIFIC / Politics
Jun 2, 2025
U.S demands Australia increase defense spending to 3.5% of GDP
Officials in Tokyo are closely watching how U.S.-Australia defense spending talks unfold, with U.S. President Donald Trump thought to be pushing Japan to also spend more.
U.S. President Donald Trump meets with NATO Secretary-General Mark Rutte in the Oval Office of the White House in Washington on March 13.
WORLD / Politics
May 14, 2025
NATO is sketching out a plan to meet Trump's call for 5% of GDP on defense
Negotiators are making progress ahead of a NATO summit in The Hague in June on a path to hitting the spending goal by 2032.
Senior officials of Liberal Democratic Party and Komeito agreed Tuesday on the need to draft a supplementary budget before a possible extraordinary session of the Diet this autumn.
JAPAN / Politics
May 13, 2025
LDP and Komeito agree to draft supplementary budget before autumn session
The extra budget is expected to fund measures to deal with inflation and the impact of U.S. President Donald Trump's tariffs.
NATO Secretary-General Mark Rutte delivers remarks during a news conference at alliance headquarters in Brussels on Friday.
WORLD / Politics
May 10, 2025
NATO chief said to seek defense spending at 5% of GDP by 2032
U.S. President Donald Trump has demanded that NATO allies ramp up their military spending to 5% of GDP, a level that not even the United States currently hits.

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