Japan may achieve fiscal health in fiscal 2027: government

Business / Economy Jul 31, 2019

Japan may achieve fiscal health in fiscal 2027: government

Japan may achieve fiscal health in the year ending March 2028, one year later than previously estimated, due to decreased tax revenues amid a slowdown in the global economy, the government's latest projections showed Wednesday. According to the long-term projections, the government will run a ...

Business / Economy Jul 22, 2016

Japan's fiscal health likely to worsen after tax hike delay

The government is likely to project a deteriorating primary balance deficit in fiscal 2018 after delaying the second stage of a consumption tax hike, government sources said Friday. The hike, earlier planned for April, will now take place in October 2019. Cabinet Office projections due to ...

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. An estimate released earlier in the day, however, showed ...

Cabinet OKs record budget for 2014

National Dec 24, 2013

Cabinet OKs record budget for 2014

The Cabinet approves a record ¥95.88 trillion general account budget for fiscal 2014 as the Abe administration seeks simultaneously to conquer decades of deflation and restore the nation’s precarious fiscal health.

Business / Economy Oct 2, 2013

Abe trying to strike a delicate balance

by Shinya Ajima

When Prime Minister Shinzo Abe met the news media after deciding to raise the consumption tax next April, he stressed that his administration can pursue economic growth and fiscal discipline at the same time. The declaration Tuesday, which almost sounded as if he was reassuring ...

Business / Economy Aug 7, 2013

Ruling bloc vows to restore fiscal health for economic growth

Prime Minister Shinzo Abe's ruling coalition pledged Wednesday to restore Japan's ailing public finances, reckoning that promoting fiscal rehabilitation is essential to maintain economic growth. In a final draft of a midterm fiscal reform plan, the Abe administration and the ruling bloc — the Liberal ...

Business Jun 8, 2013

Abe gives no details but vows to mend fiscal health

The government has pledged to simultaneously achieve fiscal rehabilitation and economic growth in a draft of its longer-term economic and fiscal policy blueprint, but gave no details on how to pave the way for sound public finance. Prime Minister Shinzo Abe's administration promised in the ...