Tag - budgets

 
 

BUDGETS

Japan will charge members of medical insurance programs with fees starting in fiscal 2026 to tackle the country's sluggish birthrate.
JAPAN
Mar 29, 2024
Fight against low birthrate to cost ¥450 monthly per head
The government plans to boost annual spending on measures to fight the sluggish birthrate to ¥3.6 trillion by fiscal 2028.
During the last round of negotiations between Washington and Seoul, then-U.S. President Donald Trump requested steep increases in South Korea’s share of defense costs.
ASIA PACIFIC / Politics / ANALYSIS
Mar 14, 2024
South Korea, U.S. talk cost-sharing as Seoul girds for Trump 2.0
The agreement on an unusually early start of the defense cost-sharing deals reflects unease over a possible return of Donald Trump to the White House.
The defense request is largely seen as a symbolic opening shot in what is expected to be a protracted spending battle in Congress ahead of a November presidential election that will almost certainly pit President Joe Biden against his Republican predecessor, Donald Trump.
WORLD / Politics
Mar 12, 2024
With eye on Indo-Pacific, Biden seeks record U.S. defense budget
But the $895.2 billion figure for fiscal 2025 is only about a 1% increase from the $886.3 billion proposal made last year — far below inflation levels.
An Upper House budget committee session for questions and answers on the fiscal 2024 draft budget held Wednesday
BUSINESS / Economy
Mar 6, 2024
Japan's huge draft budget raises questions over fiscal accountability
The government allocates reserves and determines their use at Cabinet meetings, requiring only retroactive approval by parliament.
A military delegation arrives for a meeting Monday, ahead the annual session of China’s National People’s Congress (NPC) in Beijing.
ASIA PACIFIC / Politics / ANALYSIS
Mar 5, 2024
China defense spending to climb 7.2% amid rivalry with U.S.
Beijing's 1.67 trillion yuan ($231.4 billion) budget makes 2024 the ninth straight year to see a single-digit hike in the country’s defense outlays.
JAPAN / Politics
Mar 1, 2024
As ethics hearing unfolds, Diet falls into chaos over budget approval
The CDP sought to censure budget committee leader Itsunori Onodera over his decision to push through a final vote, and argued for more extensive debate.
The government plans to establish a system that allows any child to enroll in day care establishments regardless of whether their parents work or not.
JAPAN
Feb 16, 2024
Japan's Cabinet OKs bill on measures to tackle falling birthrate
The bill includes plans to expand child benefits and establish a system allowing any child to enroll in day care establishments.
Taiwan Semiconductor Manufacturing Co.'s first Kumamoto plant in the town of Kikuyo, Kumamoto Prefecture, on Feb. 10
BUSINESS / Companies
Feb 16, 2024
Japan boosts aid to chip projects amid global race
Prompted by concerns, the government acted swiftly to prevent the potential loss of domestic production bases.
BUSINESS
Jan 22, 2024
Japan’s baseline forecasts show government missing budget goal
The primary balance is projected to be around minus 0.4% in fiscal year 2025.
The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a marine landing drill on Tokunoshima island, Kagoshima Prefecture, on Nov. 19.
JAPAN / Politics
Dec 29, 2023
Kishida’s military build-up plans face bumpy road ahead
One year on, questions remain as to whether the embattled leader, whose support rate recently dipped to new lows, can follow through on his pledges.
Self-Defense Forces soldiers take part in an evacuation drill on Yonaguni island in Okinawa Prefecture in November.
JAPAN / Politics
Dec 22, 2023
Japan approves record ¥8 trillion defense budget
The defense budget announced Friday includes ¥370 billion to build two new warships that will utilize the U.S.-developed Aegis missile defense system.
JAPAN
Dec 22, 2023
Japan cuts spending for first time in 12 years in fiscal 2024 budget
The budget for the coming fiscal year that starts in April is estimated at ¥112.07 trillion, down 2% from the current year's initial amount.
Medical fees will be lowered by 0.12% in fiscal 2024, marking the fifth consecutive reduction in the fees that are reviewed every two years.
JAPAN
Dec 20, 2023
Japan fees for medical services and drugs to be lowered by 0.12%
The government will raise its official fees for nursing and disability welfare services by 1.59% and 1.12%, respectively, in fiscal 2024.
A Tomahawk cruise missile is launched from a U.S. Navy ship. Japan agreed with the United States to buy U.S.-made Tomahawk cruise missiles one year earlier than previously planned.
JAPAN
Dec 17, 2023
Japanese government delaying debate over key defense issues
A widening political scandal is affecting the Kishida administration's ability to move forward on important security discussions.
JAPAN
Dec 15, 2023
Okinawa promotion spending to fall to ¥267.8 billion in fiscal 2024
The outlay would stand below ¥300 billion for the third successive year, according to a government estimate.
Prime Minister Fumio Kishida speaks at a government meeting on child policies on Monday.
JAPAN
Dec 12, 2023
Japan to boost spending on measures to tackle low birthrate
The government will make official a program that will have nursery schools accept children even if both parents do not work, among other measures.
Ground Self-Defense Force soldiers on Tokunoshima island, Kagoshima Prefecture, on Nov. 19. The government plans to secure over ¥1 trillion in fresh defense outlays by raising corporate, tobacco and income taxes in stages, but it has yet to decide when to start increasing the taxes.
JAPAN / Politics
Dec 11, 2023
Japan unlikely to hike taxes for defense boost in '25: LDP official
The decision on when to hike taxes will be delayed into 2024 amid an unfolding fundraising scandal involving many LDP factions and senior lawmakers.
BUSINESS
Nov 13, 2023
Japan to create ¥1 trillion fund to develop outer space industry
The ¥1 trillion fund will be allocated over a 10-year period for the Japan Aerospace Exploration Agency (JAXA), as a new global space race heats up.
The construction site of a new Taiwan Semiconductor Manufacturing Co. factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Economy
Nov 9, 2023
Japan set to earmark ¥2 trillion for chips in extra budget
Japan is in the midst of a spending spree to revive its chip industry with an aim to triple the sales of domestically produced semiconductors by 2030.
Prime Minister Fumio Kishida is saluted by Maritime Self-Defense Force members during the International Fleet Review to commemorate the 70th anniversary of the foundation of the MSDF, at Sagami Bay, off Yokosuka, on Nov. 6, 2022.
JAPAN / Politics / FOCUS
Nov 3, 2023
Weak yen forces Japan to cut back on historic military spending
Officials and industry sources said Japan will begin cutting back on aircraft purchases in 2024, the second year of the buildup plan, due to the weak yen.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.