Business / Economy Dec 2, 2018
Japan's government to earmark ¥1.15 trillion for infrastructure in second extra budget
The move to strengthen infrastructure follows a string of natural disasters earlier this year.
National / Politics Nov 2, 2017
Abe will propose a bold ¥2 trillion economic spending package in early December
by Tomohiro Osaki
Prime Minister Shinzo Abe said Wednesday he will compile a bold economic package worth ¥2 trillion early next month to combat various woes related to Japan's rapidly aging population. The measure reflects Abe's central campaign pledge ahead of last month's general election. In a drastic ...
Business / Economy Jan 31, 2017
The Diet has enacted an extra budget worth ¥622.5 billion for fiscal 2016 through March to provide disaster relief and increase defense spending. The third supplementary budget for the current fiscal year includes ¥195.5 billion for areas hit by powerful typhoons and earthquakes in 2016 ...
Business / Economy Oct 11, 2016
The Diet has approved a ¥4.11 trillion supplementary budget to stimulate an economy dampened by sluggish growth amid weak consumer demand and business investment. The second supplementary budget for the fiscal year through March was approved Tuesday by the Upper House after clearing the Lower ...
Business / Economy Aug 24, 2016
The Cabinet approved Wednesday a draft second extra budget for fiscal 2016 to stimulate the flagging economy, bringing total public outlays for the year through March to over ¥100 trillion. The extra budget reflects Prime Minister Shinzo Abe's push to lift the world's third-biggest economy ...
National / Politics Jul 7, 2016
Japan plans extra spending on anti-terrorism measures in wake of Bangladesh attack
The government will spend hundreds of billions of yen on anti-terrorism and safety measures as part of an extra stimulus budget in the wake of the attack by Islamist militants in Bangladesh that killed seven Japanese, government sources said. The seven development-aid workers were killed ...
Business Nov 27, 2015
Abe orders extra budget drafted to boost welfare, agriculture
Prime Minister Shinzo Abe on Friday instructed his Cabinet to compile an extra budget for fiscal 2015 to bolster welfare services and improve the competitiveness of the farm sector. The supplementary budget for fiscal 2015 ending March 31 is likely to be worth more than ...
Business / Economy Nov 14, 2015
The government is likely to compile an extra budget worth around ¥3.5 trillion ($28.5 billion) at the end of this year to help farmers boost their global competitiveness and finance social security measures, sources said Saturday. Prime Minister Shinzo Abe will instruct ministries to compile ...
Business / Economy Oct 31, 2014
Tepid data may spur Abe into further stimulus as economy sputters
Economic data released Friday signaled that the economy is still in the doldrums following the first stage of the doubling of the consumption tax on April 1, raising doubts about whether the Abe administration can complete the hike to 10 percent as planned. Expectations are ...
Business Sep 5, 2014
The Abe administration will compile another extra budget to mitigate the economic impact of the October 29015 tax hike, Finance Minister Taro Aso indicated on Friday. "It is necessary to prepare to craft a supplementary budget" this fiscal year, Aso said while expressing his eagerness ...
National Dec 29, 2013
Conceding it's best avoided, Aso refuses to rule out fresh extra budget
While saying it is best if such a move is not made, Finance Minister Taro Aso refused to rule out the possibility an extra budget will be needed again next year to support the economy. "My honest feeling is that it would be best if ...
Business / Economy Dec 12, 2013
Prime Minister Shinzo Abe's Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring's consumption tax hike. Vowing to achieve fiscal rehabilitation, the government will not issue additional bonds, ...