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May 18, 2024
 

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FINANCE MINISTRY 2

Japan Times
BUSINESS / Economy
Dec 10, 2019
Japan's initial fiscal 2020 budget to top ¥100 trillion again, hitting new record
Japan's initial budget for fiscal 2020 will hit a record high and top ¥100 trillion ($920 billion) for the second straight year due to swelling social security and defense costs, government sources said Monday.
Japan Times
BUSINESS
Nov 8, 2019
Aso signals new openness to introducing 50-year bonds
Finance Minister Taro Aso indicated a new openness to introducing 50-year government bonds, days after the country's central bank chief suggested such a move could be helpful.
Japan Times
JAPAN / Science & Health
Nov 1, 2019
Japan Finance Ministry proposes raising out-of-pocket medical costs for those 75 and over
The Finance Ministry on Friday proposed cutting official medical service fees and raising the proportion of medical expenses paid by patients themselves, with the aim of improving the financial condition of the country's health insurance system.
Japan Times
BUSINESS
Oct 3, 2019
Japan begins compiling fiscal 2020 budget
A subcommittee of the Fiscal System Council launched full-fledged discussions Thursday to compile the budget for fiscal 2020.
Japan Times
BUSINESS / Economy
Sep 9, 2019
Diplomatic row with South Korea starts to hurt Japan's current account surplus
Japan's surplus in spending by overseas travelers declined in July from a year earlier as the number of visitors from South Korea tumbled, a sign the souring bilateral relations are taking a toll on the world's third-largest economy.
Japan Times
BUSINESS / Economy
Sep 2, 2019
Corporate profits in Japan take 12% quarterly hit on U.S.-China trade war
Still, the u00a523.23 trillion tally for pretax profits was the second-highest on record, coming off a 10.3 percent jump in the January-March quarter.
BUSINESS
Aug 29, 2019
Japan budget requests for fiscal 2020 on way to record-high ¥105 trillion
General-account budget requests from government agencies and ministries for fiscal 2020 are expected to set a new record near ¥105 trillion, it has been learned.
Japan Times
JAPAN
Jul 30, 2019
National treasures featured on Japan's 2020 Olympics commemorative coin
Works depicting the famous gods of wind and thunder have been selected as new designs for commemorative ¥500 coins to be made to celebrate the 2020 Tokyo Olympic and Paralympic Games, the Finance Ministry announced Monday.
BUSINESS
Jul 18, 2019
Japan logs goods trade deficit of ¥888.8 billion in first half of 2019
Japan logged a goods trade deficit of ¥888.8 billion ($8.2 billion) in the first half of 2019, weighed down by sluggish exports to other Asian countries amid intensifying trade tensions between the United States and China, government data showed Thursday.
BUSINESS
Jul 3, 2019
Japan's tax revenue hit record ¥60.36 trillion in fiscal 2018
Tax revenue hit a record ¥60.36 trillion in fiscal 2018 on the back of higher wages and dividend payments, the Finance Ministry said Tuesday.
Japan Times
JAPAN / EXPLAINER
Jun 23, 2019
Report on Japan pension shortfall spurs anxiety — and a closer look at the system
The Financial Services Agency earlier this month released a report on the future financial security of senior citizens that suggested people would have to save more to make up for expected shortfalls in the public pension system, sparking public anxiety and major controversy over the government program's...
Japan Times
JAPAN / Politics
Jun 21, 2019
Finance Minister Taro Aso survives no-confidence motions over rejection of Japan pension report
Opposition party-submitted resolutions rebuking Finance Minister Taro Aso for his refusal to receive a report questioning the ability of the country's pension system to meet retirees' needs were voted down in the Diet on Friday.
Japan Times
BUSINESS / Economy
May 24, 2019
Japan was still world's biggest investor at end of 2018, trailed by Germany and China
The net balance of external assets held by the Japanese government, companies and individual investors stood at ¥341.56 trillion ($3.11 trillion) at the end of 2018, remaining the world's largest for the 28th consecutive year, the Finance Ministry said Friday.
Japan Times
BUSINESS / Economy
May 14, 2019
Japan's current account surplus shrinks first time in five years
The surplus in the current account shrank for the first time in five years in fiscal 2018 to ¥19.41 trillion as China's economic slowdown curbed growth in exports and higher oil prices boosted imports, government data showed Tuesday.
Japan Times
JAPAN
May 10, 2019
Japan Mint to issue commemorative gold and copper coins to honor new emperor
The Finance Ministry said Friday that it will issue two types of coins commemorating the enthronement of Emperor Naruhito.
Japan Times
JAPAN
Apr 9, 2019
Japan announces new ¥10,000, ¥5,000 and ¥1,000 bank notes as Reiwa Era looms
The portraits on the new bills will be rendered as 3D holograms, which the Finance Ministry said is a world first for currency.
Japan Times
JAPAN / Politics
Mar 30, 2019
Osaka panel urges prosecutors to reopen probe into government's murky Moritomo Gakuen land deal
A judicial body urges prosecutors to reinvestigate a case against a former senior Finance Ministry official who was involved in the Moritomo Gakuen land sale scandal.
BUSINESS
Mar 3, 2019
Japan's current account surplus is due to investments overseas, senior official says
Japan's top currency official said the current account surplus is the result of investments abroad rather than the exchange of goods, and it should not become a trade issue.
BUSINESS
Mar 1, 2019
Japanese business spending rose 5.7% in October-December quarter from 2017
Capital spending by Japanese companies rose 5.7 percent in the October-December quarter from a year earlier, government data showed Friday.
BUSINESS
Mar 1, 2019
Japan sees first fall in corporate profits in over two years due to weak China demand and high material costs
Corporate profits in Japan were down for the first time in 2½ years in the fourth quarter of 2018 amid falling demand from China and rising costs, government data showed Friday.
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.
U.S. envoy to Japan makes landmark visit to front-line island near Taiwan
U.S. Ambassador to Japan Rahm Emanuel meets with members of the Self-Defense Forces stationed on Yonaguni, Okinawa Prefecture, on Friday.
Japan to review romanization system for first time in 70 years
An advisory panel to the education ministry will consider how the Japanese language should be transcribed into the Latin alphabet, including unifying different romanization styles currently in use.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japan’s economy contracts as consumers and firms cut spending
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
Can AI-generated inventions be patented? A Tokyo court says no.
The Tokyo court's ruling comes amid ongoing debates on how to regulate generative AI and is part of a transnational class action lawsuit.
A new initiative rethinks old Tohoku crafts
The colored patterns of Tsuguru "nuri," made in Aomori Prefecture, are achieved by applying multiple coatings of lacquer, which are later polished down to reveal layers of colors beneath.
Xi and Putin mark ‘new era’ amid efforts to counter U.S. ‘containment’
Russian President Vladimir Putin and Chinese President Xi Jinping attend an event in Beijing on Thursday. During Putin's visit, the leaders showed off their growing alignment amid efforts to push back against the U.S.-led world order.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.

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