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May 17, 2024
 

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FINANCE MINISTRY

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.
Japan Times
COMMENTARY / Japan
Dec 31, 2018
Japan in 2019: 10 surprises
The outlook for Japan in 2019 is bright.
Japan Times
JAPAN
Dec 31, 2018
Finance Ministry sets up compliance promotion panel to regain public trust
The Finance Ministry has set up a compliance promotion panel to regain public trust that was lost due to scandals such as the alteration of ministry records related to a controversial state land sale to private school operator Moritomo Gakuen.
Japan Times
BUSINESS / Economy
Dec 6, 2018
Japan government's initial budget for fiscal 2019 first to top ¥100 trillion
The government's initial budget for fiscal 2019 is set to be the first ever to top ¥100 trillion ($885 billion), reflecting a sweeping fiscal stimulus package designed to underpin the economy after a consumption tax hike next year, government sources said Wednesday.
Japan Times
JAPAN
Nov 22, 2018
Japan auditors release Moritomo Gakuen report but fail to answer why land was sold so cheap
The national accounting watchdog released a report Thursday on the murky sale of state land in 2016 involving a school operator close to the wife of Prime Minister Shinzo Abe, but fell short of identifying why the land was sold at a heavily discounted price.
BUSINESS / Economy
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.
BUSINESS
Aug 24, 2018
Japanese and Chinese finance chiefs to hold talks next week on reinforcing financial ties
The finance ministers of Japan and China will meet on Aug. 31 in Beijing to discuss strengthening financial cooperation, the Finance Ministry said Friday.
Japan Times
BUSINESS
Jul 27, 2018
Japan's Finance Ministry names new leadership, ending monthslong vacuum following scandals
The Finance Ministry on Friday named its new top bureaucrat and tax collecting chief, resolving a leadership vacuum that had dragged on for months after a string of resignations over scandals.
Japan Times
BUSINESS
Jul 13, 2018
Masatsugu Asakawa to stay in post for fourth year as Japan's top currency official
Masatsugu Asakawa is set to remain in his post as vice minister of finance for international affairs for a fourth year, sources with knowledge of the matter said Friday, further extending his stint in a post that usually has a turnover period of one to two years.
BUSINESS
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.
Japan Times
BUSINESS
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.
BUSINESS / Economy
Jun 8, 2018
Japan's current account stays in black at ¥1.85 trillion but down from April '17
Japan reported a current account surplus of ¥1.85 trillion ($16.86 billion) in April — marking the 46th straight month of a positive figure for the economic indicator — as a result of the country's robust exports, government data showed Friday.
Japan Times
JAPAN
Jun 6, 2018
Government to make senior officials take courses on sexual harassment
The government will oblige senior officials to take courses aimed at preventing sexual harassment following a series of scandals involving alleged improper behavior by high-ranking bureaucrats.
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.
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.
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.
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.
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.
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.
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.

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