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May 17, 2024
 

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BUDGETS

Japan Times
BUSINESS / Economy
Mar 12, 2021
Japan needs trillions of yen more in stimulus, influential LDP lawmaker says
Fresh spending and the debt issued to pay for it would help fuel the BOJ's easing campaign and have a beneficial impact on the yen and stocks, according to Kozo Yamamoto.
Japan Times
ASIA PACIFIC / Politics
Mar 6, 2021
South Korean envoy hopes to wrap up talks with U.S. on defense costs
South Korea is seeking to iron out remaining differences and sign a deal with Washington on sharing costs for stationing 28,500 American troops in the country, its chief envoy has said.
Japan Times
ASIA PACIFIC
Mar 6, 2021
China defense spending gets mild boost amid economic caution
China's 2021 defense spending will rise 6.8% from 2020, up slightly from last year's increase and broadly tracking the government's modest growth forecast, as the world's second-largest economy emerges from the repercussions of the coronavirus pandemic.
Japan Times
ASIA PACIFIC / ANALYSIS
Feb 28, 2021
China expected to unveil hike in military budget as tensions rise
Beijing likely to reveal a robust increase in defense spending at the March 5 annual opening of its parliament, as its economy rebounds from the COVID-19 pandemic.
Japan Times
JAPAN
Feb 9, 2021
Japan to spend ¥1.14 trillion from reserve funds for virus subsidies
The funding includes u00a5880.2 billion to be given to local municipalities so that they can offer financial aid for restaurants and bars that comply with requests to close early.
Japan Times
JAPAN
Jan 26, 2021
Lower House OKs ¥19 trillion extra budget despite criticism of virus measures
Opposition lawmakers claim the aid for medical workers and people in need is insufficient, saying funds for the Go To Travel campaign should be eliminated or reduced.
Japan Times
JAPAN / FOCUS
Jan 9, 2021
Basic income proposal by influential Suga adviser hard to sell in Japan
The idea has caught Prime Minister Yoshihide Suga's eye at a time when the coronavirus pandemic is stirring worries about job security and social inequality.
Japan Times
JAPAN
Dec 29, 2020
After massive COVID-19 spending, how large is Japan’s debt?
Experts say increased spending is unavoidable but that Japan will need to start seriously discussing how it will deal with its debt once the pandemic eases.
Japan Times
BUSINESS / Economy / FOCUS
Dec 22, 2020
Concern as Japan's fiscal discipline further loosened with record budgets
'It's a waste of money to take consumption-stimulating steps through extra budgets at a time when we have yet to contain the spread of the virus,' one economist said.
Japan Times
BUSINESS / Economy
Dec 21, 2020
Japan's Cabinet approves record ¥106.61 trillion budget for fiscal 2021
The budget raises concern over a further deterioration of the country's fiscal health, already the worst among major economies.
Japan Times
JAPAN
Dec 21, 2020
Japan approves record defense budget for fiscal 2021 amid China threats
The draft budget, up 0.5% from the previous year, includes funding to introduce new standoff missiles capable of attacking enemy vessels from outside their firing range.
Japan Times
JAPAN / Politics
Dec 17, 2020
Japan's fiscal 2021 budget to be around ¥106.61 trillion
Topping u00a5100 trillion for the third year in a row, the figure exceeds fiscal 2020's initial budget of u00a5102.66 trillion.
Japan Times
JAPAN
Dec 16, 2020
Japan's 2021 defense budget to be record high of ¥5.34 trillion
As for tax revenue, the government predicts it to be below u00a560 trillion for fiscal 2021, given the expected fallout from the pandemic on corporate earnings, the sources said.
Japan Times
BUSINESS / Economy
Dec 15, 2020
Japan approves ¥21.8 trillion extra budget to fund pandemic support
Total new debt issuance for the current fiscal year will hit a record high of over u00a5112 trillion — more than double the previous record set after the global financial crisis.
Japan Times
JAPAN
Dec 11, 2020
Cabinet approves five-year plan to speed up anti-disaster projects
The total cost of around u00a515 trillion ($144 billion) to fund 123 projects will come from the state budget, local governments and private investment.
Japan Times
BUSINESS / Economy
Dec 10, 2020
Budget to hit record as Japan loosens purse strings to fight virus
The total may even surpass u00a5105 trillion, including u00a55 trillion set aside as reserve funds for costs related to the pandemic.
Japan Times
BUSINESS / Economy / FOCUS
Dec 9, 2020
Suga raises bet on Japan's Go To Travel campaign with ¥73.6 trillion package
With Cabinet support falling amid the uptick in COVID-19 cases, he needs to balance the need to support growth against the risk of spreading the virus.
Japan Times
BUSINESS
Dec 8, 2020
Japan compiles ¥73.6 trillion stimulus package to fight pandemic
The new stimulus package will include fiscal spending — typically, loans, investment and spending — worth around u00a540 trillion, Suga said in the meeting.
Japan Times
JAPAN
Dec 4, 2020
Japan to give more financial aid to hospitals fighting pandemic
Amid a resurgence of infections in various parts of the country, the new economic package is expected to be approved next week by Prime Minister Yoshihide Suga's Cabinet.
Japan Times
BUSINESS
Nov 30, 2020
Key Japanese lawmaker says third extra budget may not be last
A key ruling party lawmaker said an extra budget being drafted now may not be the end of Japan’s stimulus spending this fiscal year given the uncertainty surrounding the spread of the coronavirus.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Kishida defends planned rule to revoke foreigners' residency
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
Human bone-like objects found at Nippon Steel plant’s molten iron pot, with one worker missing
Police believe it’s highly possible that human bones found in a molten iron pot at Nippon Steel's Oita factory belong to a missing male employee.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Man suspected of using smart glasses to cheat on Waseda University exams
The Waseda University campus in Tokyo. An 18-year-old male test-taker is suspected of using smart glasses to cheat during the university's entrance exam.
Japanese rap creates its mecca in Pop Yours
Tokyo-based artist Jumadiba says he forgoes the label of simply “rap” for his music because the Japanese rap scene isn’t confined to a particular sound.
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.

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