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May 02, 2024
 

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BUDGETS

Japan Times
JAPAN
Dec 16, 2022
Japan to boost coast guard budget for Senkaku Islands security
The plan comes as Chinese government ships are frequently found sailing around the Japanese-administered islands in the East China Sea.
Japan Times
JAPAN
Dec 15, 2022
Same levy, different name: Reconstruction tax to be shifted to defense spending
The ruling Liberal Democratic Party's latest plan to fund a defense budget hike is to create a new defense tax.
Japan Times
COMMENTARY / Japan
Dec 15, 2022
The fight to build up Japan’s military is just beginning
The famously pacifist nation's plans to double defense spending are both welcome and overdue. Now Japan needs to find a way to pay for them.
Japan Times
JAPAN
Dec 13, 2022
Controversy grows over proposed use of Tohoku funds to cover defense spending
The government is eyeing using a special tax designed to finance reconstruction costs for areas affected by the March 2011 Great East Japan Earthquake.
Japan Times
COMMENTARY / Japan
Dec 13, 2022
The politics of Japan's defense spending
When Japan first imposed the 1% of GDP defense-spending ceiling , the issue has been a matter of politics and any attempt to breach that threshold has been taboo.
Japan Times
BUSINESS / FOCUS
Dec 12, 2022
Kishida's plan to fund higher defense spending faces backlash
The prime minister's suggestion of tax increases hasn't gone down well, even among Cabinet members and lawmakers from his own party.
Japan Times
JAPAN / Politics
Dec 11, 2022
Kishida dismisses using government bonds to finance defense budget hike
The prime minister says government bonds are not an option to cover defense spending increases due to the financial difficulties they would place on future generations.
Japan Times
JAPAN / Politics
Dec 10, 2022
Kishida's tax hike plan to cover defense shortfall draws backlash inside LDP
The blowback to Kishida's plan came to a head at an LDP Policy Research Council meeting, where about 40 of over 50 participants who spoke opposed the plan.
Japan Times
JAPAN
Dec 9, 2022
Japan to increase defense budget by ¥1 trillion in fiscal 2023
The budget increase is aimed at procurement of ammunition and expenses related to long-range missiles.
Japan Times
BUSINESS
Dec 9, 2022
Finance chief says Japan's fiscal restoration goal won't change with more defense spending
Shunichi Suzuki rejected calls from some ruling party lawmakers to issue new government bonds for the planned spending, saying that other stable funding sources are necessary.
Japan Times
JAPAN
Dec 8, 2022
Japan's ruling parties eye gradual tax hikes to cover more defense spending
Prime Minister Fumio Kishida has instructed his defense and finance ministers to target around u00a543 trillion in defense spending over the five years until fiscal 2027.
Japan Times
JAPAN / FOCUS
Dec 7, 2022
With revisions to key security documents, pacifist Japan set to blaze a new trail
Upcoming changes could usher in dramatic shifts in the country's defense-oriented policy amid what Tokyo calls an 'increasingly severe security environment.'
Japan Times
JAPAN / Politics
Dec 6, 2022
Japan to defer tax hikes for defense spending until 2027
The delay is planned in light of economic uncertainties stemming from rising prices, while strong opposition from members of the ruling Liberal Democratic Party to corporate and other tax hikes was also a factor, sources say.
Japan Times
JAPAN
Dec 6, 2022
Kishida seeks to hike defense spending by more than 50% over five years
The new budget would put Japan closer to the target Kishida ordered last week of spending 2% of gross domestic product on defense by 2027.
Japan Times
JAPAN / Politics
Dec 5, 2022
Japan to put off tax hike to cover increased defense spending
The government will set the general direction of its plan but is likely to forego deciding on a specific tax increase when it compiles the initial fiscal 2023 budget due later this month.
Japan Times
JAPAN / Politics
Dec 3, 2022
Japan eyes up to ¥43 trillion for five-year defense spending plan
The new numbers marked a compromise between the defense and finance ministries amid concerns about worsening one of the industrial world's worst debt burdens.
Japan Times
JAPAN / Politics
Dec 3, 2022
LDP lawmakers say taxes should not be hiked to cover rising defense spending
A group of young lawmakers from theu00a0ruling Liberal Democratic Party has compiled a draft proposal urging the government to issue bonds to cover the spending hike.
Japan Times
BUSINESS
Dec 2, 2022
Japan enacts ¥29 trillion extra budget to blunt inflation impact
The funding is necessary to implement inflation-relief steps included in a broader package to ease the pain on households.
Japan Times
JAPAN
Nov 29, 2022
In major shift, Kishida sets defense spending target at 2% of GDP for first time
Japan has long maintained an informal cap on defense spending of around 1% of GDP, but calls for an increase have grown amid escalating threats from China and North Korea.
Japan Times
JAPAN
Nov 21, 2022
Panel says public must shoulder burden of strengthening Japan's defenses
The draft proposal rejected relying on government bond issues, and said that 'the burden must be shouldered by the public through a wide range of taxes.'
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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