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May 17, 2024
 

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BUDGETS

Japan Times
JAPAN / Politics
Mar 22, 2022
Japan's parliament enacts record ¥107.60 trillion budget for fiscal 2022
The funds will be used to finance measures against the coronavirus as well as rising costs for social security and national defense.
Japan Times
JAPAN
Mar 15, 2022
Japan ruling coalition proposes new stimulus package to cushion economy
The coalition also urged the government to offer payouts to pensioners to ease the pain from the COVID-19 pandemic, a sign Tokyo will be slow in weaning off crisis-mode support.
Japan Times
WORLD
Mar 15, 2022
Germany leads EU spending push, going big with F-35 buy
Berlin says it will purchase 35 of the $100 million-plus warplanes and 15 Eurofighter jets equipped for electronic warfare as part of its response to Russia's invasion of Ukraine.
Japan Times
BUSINESS
Mar 9, 2022
Japan’s economy needs more spending aid, Abenomics advocate says
The call for more stimulus by Etsuro Honda comes barely three months after Prime Minister Fumio Kishida unveiled a bigger-than-expected u00a556 trillion package to support the economy.
Japan Times
ASIA PACIFIC
Mar 5, 2022
China defense budget rises 7.1% for fastest clip in three years
China projected defense spending growth is the fastest pace since 2019 as President Joe Biden moves to strengthen the United States' position in the Indo-Pacific region.
Japan Times
JAPAN / ANALYSIS
Mar 4, 2022
How Germany’s historic shift on military spending could affect Japan’s defense plans
Berlin's about-face on its modest defense budget, which immediately followed Russia's invasion of Ukraine, has already begun to re-energize the issue of spending in Tokyo.
Japan Times
WORLD
Feb 27, 2022
Germany to lift defense spending in latest historic policy shift
German Chancellor Olaf Scholz said his country will spend more than 2% of GDP each year on defense, in line with a NATO target that Berlin has consistently failed to meet.
Japan Times
JAPAN
Dec 24, 2021
Japan’s draft budget hits record high for 10th straight year
Spending on areas such as social security and defense has jumped, while estimated tax revenue has been revised upwards.
Japan Times
JAPAN
Dec 24, 2021
Japan's defense budget for 2022 hits record for eighth year
The draft budget, including outlays for hosting U.S. military bases, rose 1.1% from the current fiscal year ending in March as Japan ramps up its defense capabilities.
Japan Times
JAPAN
Dec 22, 2021
Fiscal 2022 initial budget expected to total ¥107.6 trillion
The budget has been drafted on the assumption that the government will see record tax revenue of u00a565.2 trillion, up from u00a563.9 trillion estimated for the current year.
Japan Times
BUSINESS
Dec 20, 2021
Japan enacts record extra budget to fund economic package as pandemic continues
Lavish spending plans for the year through March highlight Prime Minister Fumio Kishida's stance of prioritizing economic revitalization while putting fiscal health on the back burner.
Japan Times
WORLD / Politics
Dec 20, 2021
U.S. Sen. Joe Manchin delivers potential fatal blow to Biden's $1.75 trillion spending bill
The Democratic senator backtracked on supporting Biden's signature domestic policy bill, known as Build Back Better, which aims to expand the social safety net and tackle climate change.
Japan Times
JAPAN
Dec 15, 2021
Extra budget to finance Kishida's massive stimulus package clears Lower House
The administration hopes to roll out economic and coronavirus measures quickly, as Japan's economy is still weighed down by the impact of the pandemic.
Japan Times
JAPAN
Dec 5, 2021
Okinawa development budget to be smallest in a decade as base row persists
Government officials have suggested that the real reason behind the cut is related to the prefectural government's stiff opposition to relocating a key U.S. air base within the prefecture.
Japan Times
JAPAN
Dec 3, 2021
Tokyo Olympics cost less than budgeted, need for extra money unlikely
The Tokyo Olympics and Paralympics cost at least u00a5150 billion ($1.3 billion) less than expected due to it being mostly spectatorless, which helped to cut labor costs.
Japan Times
JAPAN
Nov 30, 2021
Japan's fiscal 2022 budget to top ¥107 trillion, breaking record for 10th straight year
As it did when compiling the initial budget for the current fiscal year, the government plans to set aside u00a55 trillion for reserve funds to continue to fight the COVID-19 pandemic.
Japan Times
JAPAN
Nov 29, 2021
Olympic bid city Sapporo cuts budget for 2030 Winter Games by 20%
Sapporo is considered a leading candidate to win the right to host the games, but local residents have expressed concern about a repeat of this year's Tokyo Games budget blowout.
Japan Times
JAPAN
Nov 27, 2021
Japan extra defense budget hits record amid China tensions
The additional money would cover the cost of missiles, patrolling aircraft, torpedoes, helicopters and other equipment.
Japan Times
BUSINESS / Economy
Nov 26, 2021
Cabinet approves draft extra budget to sponsor record spending stimulus
Now approved, a wide array of policies will begin, including wage hikes, family support, decarbonization efforts and preparation for future waves of COVID-19.
Japan Times
BUSINESS / Economy
Nov 25, 2021
Japan to issue ¥22 trillion in new bonds to fund extra budget
The envisaged supplementary budget of u00a531.6 trillion will be used mainly for coronavirus measures and also securing a stable supply of semiconductors, sources say.
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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