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May 03, 2024
 

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FINANCE MINISTRY

Japan Times
JAPAN / Science & Health
Jun 2, 2015
Some experts doubt shift to generic drugs is best prescription for health care system
In a desperate bid to stem the rise in health care costs, the government is reining in one of its biggest medical outlays: prescription drugs.
BUSINESS
May 8, 2015
Japanese government's debt swells to ¥1.053 quadrillion
Japan's debt stood at a record-high ¥1.053 quadrillion ($8.78 trillion) at the end of March, the Finance Ministry said Friday, increasing pressure on the government to take further austerity measures.
Japan Times
COMMUNITY / Issues / LAW OF THE LAND
Apr 12, 2015
Bridging corruption and legitimacy: amakudari
Amakudari reaches into almost every aspect of civil and economic life, quietly taking its cut in the form of higher prices, obscure but lucrative monopolies and seemingly bizarre regulations.
COMMENTARY / Japan / SENTAKU MAGAZINE
Jan 21, 2015
Abe targets Finance Ministry
Angered by its resistance to some of his policy measures, Prime Minister Shinzo Abe appears bent on curbing the power of the Finance Ministry.
JAPAN / Politics
Jan 1, 2015
Fiscal 2015 budget likely to reach record-high ¥96.9 trillion
Japan's general-account budget for fiscal 2015 is likely to reach a record high of around ¥96.9 trillion ($806.1 billion), topping the ¥95.9 trillion set aside for the initial budget for fiscal 2014, Finance Ministry sources said on Wednesday.
COMMENTARY / Japan
Dec 20, 2014
A better way to spend yen on schools
Japan's Finance Ministry wants to increase the number of students in each class to save ¥8.6 billion in personnel costs. This will result in 3,325 schools being shuttered and up to 4,000 teachers cashiered. A good idea perhaps, but why not prioritize spending on students who need the most attention?
Japan Times
BUSINESS / Markets
Nov 26, 2014
'Mr. Yen' sees drop in exchange rate he forecast coming to an end
The 14 percent plunge in the yen since mid-year has about run its course, according to the former Finance Ministry official known as "Mr. Yen."
Japan Times
BUSINESS / YEN FOR LIVING
Nov 17, 2014
Are Japan's public school teachers paid too much?
Japanese teachers make more money than the world average, but they also work many more hours.
JAPAN
Oct 23, 2014
Finance Ministry wants to squeeze more children into classrooms, close elementary schools
The Finance Ministry will ask the education ministry to increase the maximum number of students per class for first-graders at public elementary schools to 40, from the current 35, in a bid to cut the education budget for next year, it has been learned.
Japan Times
COMMENTARY / World / SENTAKU MAGAZINE
Sep 14, 2014
Next consumption tax raise painting Abe into a corner
Ever since the Cabinet Office released preliminary figures last month that showed an annualized 6.8 percent decline in first-quarter GDP, a war of nerves has flared up between the prime minister's office and the Finance Ministry. The next consumption tax hike could be delayed.
Japan Times
BUSINESS / Markets
Aug 18, 2014
New 'Bernanke shock' in cards for emerging markets: ex-IMF exec Kato
Emerging markets are at risk of revisiting last year's "Bernanke shock" should the Federal Reserve signal an end to near-zero interest rates earlier than investors anticipate, according to Takatoshi Kato, once a deputy managing director at the International Monetary Fund.
BUSINESS
Aug 6, 2014
H.I.S. reduces its stake in struggling Skymark to 6.49%
Japanese travel agency H.I.S. Co. reduced its stake in Skymark Airlines Inc. from 7.68 percent to 6.49 percent by the end of last month, according to a report filed Tuesday with a finance bureau of the Finance Ministry.
BUSINESS / Economy
Jul 25, 2014
Cabinet OKs guidelines for fiscal 2015 budget
Prime Minister Shinzo Abe's Cabinet on Friday approved guidelines for compiling the fiscal 2015 budget and said it aimed to improve the economy and restore Japan's fiscal health — the worst among the major industrialized countries.
BUSINESS / Economy
Jun 27, 2014
Tax small firms more to offset corporate rate cut, panel says
The Tax Commission says small and midsize firms should pay more taxes to offset the loss in revenue from Prime Minister Shinzo Abe's promised corporate tax cut, it said in its reform plan Friday.
BUSINESS
May 1, 2014
Corporate tax rate to be reduced by April '15, Nishimura says
Tokyo will start making significant cuts to the corporate tax rate by April 2015 in line with its aim of making the economy more competitive and of spurring a recovery driven by spending and massive monetary stimulus, deputy economy minister Yasutoshi Nishimura said.
Japan Times
JAPAN
Apr 25, 2014
Collector coins to fete shinkansen
Japan will mint silver ¥1,000 commemorative coins to celebrate the 50th anniversary of the shinkansen, the Finance Ministry said Friday.
EDITORIALS
Mar 13, 2014
Regulating bitcoins
Japan will have to cooperate with other countries to prevent the use of bitcoin for illegal purposes. Some people, though, look forward to the convenience of bitcoin.
JAPAN
Mar 7, 2014
Cabinet: Bitcoin is not a currency
Under Japanese law, bitcoins are not recognized as currency and transactions using it should be taxed based on the income, corporate and consumption tax laws, the Cabinet announces.
BUSINESS
Mar 3, 2014
Capital gains spark 21.5% revenue lift
Tax revenues surged 21.5 percent in January from a year earlier to ¥4.110 trillion on the back of a growth in recipients from taxes on capital gains, the Finance Ministry said Monday.
BUSINESS
Feb 10, 2014
Debt soars to record over double 2012 GDP
The government's debt stood at ¥1.0179 quadrillion at the end of December, breaking its previous record of ¥1.0112 quadrillion set just three months earlier, the Finance Ministry said Monday.
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.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
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.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
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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