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May 04, 2024
 

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FINANCE MINISTRY 2

Japan Times
BUSINESS / Economy
Aug 4, 2020
Japan gives regional economies better grades after virus slump
The upward revision to the assessment, the first since October 2017, came despite uncertainty over the outlook amid the recent resurgence of the virus.
Japan Times
BUSINESS / Economy
Jul 21, 2020
To fight pandemic, Japan keeps fiscal tap wide open on budget spending requests
The lack of spending cap on requests aimed at fighting COVID-19 suggest the heavily indebted nation will ramp up efforts to revive the virus-hit economy.
Japan Times
JAPAN / Crime & Legal
Jul 15, 2020
Trial over bureaucrat’s suicide in Moritomo Gakuen scandal starts
Masako Akagi alleges her husband killed himself after being ordered to alter documents related to favoritism allegations against Prime Minister Shinzo Abe.
JAPAN / Politics
Jul 14, 2020
Finance Ministry names new top bureaucrat and currency diplomat
The Finance Ministry reshuffled its top brass Tuesday, with Budget Bureau chief Mitsuru Ota promoted to the highest-ranking bureaucrat and International Bureau head Kenji Okamura to the currency diplomat.
JAPAN / Politics
Jul 7, 2020
Kenji Okamura to become Japan's top currency diplomat
The government plans to name Kenji Okamura, director general of the International Bureau of the Finance Ministry, as Japan's top currency diplomat, sources familiar with the change said Tuesday.
Japan Times
BUSINESS / Economy
Jun 1, 2020
Japan's corporate profits log biggest fall since 2009 as pandemic takes toll
In the nonmanufacturing sector, the service sector such as accommodation led the decline as people refrained from nonessential outings amid the virus spread.
BUSINESS
May 26, 2020
Japan still world's top creditor at end of 2019
Japan remained the world's largest creditor at the end of 2019, with the net balance of external assets held by its government, companies and individual investors hitting a record ¥364.53 trillion ($3.40 trillion), the Finance Ministry said Tuesday.
Japan Times
BUSINESS / Economy
May 22, 2020
Japan finance and BOJ chiefs vow in rare meeting to use all tools to combat virus fallout
The pair vowed to deploy all necessary fiscal and monetary policy tools to combat the widening fallout from the pandemic.
Japan Times
BUSINESS / Economy
Apr 27, 2020
Japan's regional economies face 'extremely severe situation,' Finance Ministry warns
The sharp drop in both consumer activity at home and demand for Japanese products overseas is being felt in all corners of the nation.
Japan Times
JAPAN / EXPLAINER
Apr 2, 2020
With suicide note and lawsuit, Moritomo scandal back to haunt Abe
With the publication of a suicide note by a former Finance Ministry official and subsequent lawsuit by his widow, the Moritomo Gakuen scandal has returned to haunt Prime Minister Shinzo Abe. But with Abe saying the issue has been settled and Japan finding itself in the midst of the coronavirus crisis, it is unclear how much of an issue it will be in the current Diet session. Here’s a look back at the scandal and most recent developments.
Japan Times
JAPAN
Mar 18, 2020
Suicide note reignites Moritomo scandal that rocked Abe administration
The wife of a former Finance Ministry official who killed himself filed a lawsuit against the ministry and the former chief of its financial bureau, seeking damages of u00a5110 million.
Japan Times
BUSINESS / Tech
Feb 22, 2020
Japan's financial and monetary authorities taking hard look at minting digital currencies
The Finance Ministry, Financial Services Agency and Bank of Japan have met to promote research on digital currencies for possible issue by central banks, it has been learned.
Japan Times
JAPAN
Feb 13, 2020
Japanese customs authorities seized record amount of illegal drugs in 2019
The amount of illegal drugs seized by customs authorities hit a record in 2019 and topped 3 tons for the first time, government data showed Wednesday.
Japan Times
BUSINESS
Feb 10, 2020
Japan 2019 current account surplus up, services see first black ink
The current account surplus in 2019 grew 4.4 percent to ¥20.06 trillion ($183 billion) from the previous year, helped by the first-ever black ink in services trade on increased consumption by foreign tourists, government data showed Monday.
Japan Times
JAPAN
Jan 25, 2020
Three Japanese ministries and the patent office to test ways to cut number of plastic bags at convenience stores
The Ministry of Economy, Trade and Industry said Friday that it will launch a trial next week at convenience stores at three government ministries and an agency to test ways to reduce the use of plastic shopping bags.
Japan Times
BUSINESS
Jan 23, 2020
Japan logs trade deficit for second year amid weak demand from China
Across Asia, Japan netted a surplus of u00a53.93 trillion, but its black ink shrank for a second year.
BUSINESS / Economy
Jan 20, 2020
In Diet, Finance Minister Taro Aso vows sustainable growth for Japan, led by private sector
In a separate speech, Yasutoshi Nishimura, minister for economic and fiscal policy, stressed the importance of fostering talent that will further innovation.
Japan Times
BUSINESS
Jan 17, 2020
Japan former top currency diplomat Asakawa takes office as ADB chief
Former Vice Finance Minister for International Affairs Masatsugu Asakawa took office Friday as president of the Asian Development Bank, the Manila-based organization said.
Japan Times
BUSINESS / ANALYSIS
Dec 21, 2019
'Too optimistic': Japan tax hike not enough to boost nation's finances
The nation's tax revenue is expected to end up lower than the record high figure estimated in the fiscal 2020 draft budget.
Japan Times
BUSINESS / Economy
Dec 18, 2019
Japan to earmark record ¥102 trillion for 2020 budget as social security and defense costs rise
The central government will distribute u00a516.6 trillion to local governments, up u00a5400 billion from the previous year.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Yen swings stir talk that Japan is in the FX market once again
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
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.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
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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