NEWSWORTHY

/ Aug 31, 2018

Japan's government budget requests for fiscal 2019 hit record high

Budget requests from government ministries and agencies for fiscal 2019 reached a record-high ¥102.5 trillion ($923 billion) amid snowballing social security costs and increasing defense spending, officials said Friday. The figure suggests that the initial general account budget for the year beginning next April could ...

Jul 10, 2018

Cabinet approves guidelines for Japan's 2019 budget

Prime Minister Shinzo Abe's Cabinet on Tuesday approved its budget compilation guidelines for fiscal 2019, allowing for additional spending on social security and economic growth to set the stage for a record-high initial budget. General account budget requests from ministries and agencies, which are to ...

Currency diplomat Asakawa tapped as Finance Ministry's top bureaucrat

Jun 11, 2018

Currency diplomat Asakawa tapped as Finance Ministry's top bureaucrat

The Finance Ministry's top currency diplomat Masatsugu Asakawa has been tapped to become vice finance minister, its highest bureaucratic post and one that has remained vacant since April, sources close to the matter said. The appointment of Asakawa, 60, goes against the ministry's typical order ...