The government has adopted guidelines capping total ministry and agency requests for funds for social security measures in fiscal 2018, setting the new level at ¥630 billion higher than the amount earmarked under the fiscal 2017 budget. The guidelines were decided at Thursday's Cabinet meeting, ...
Chief Cabinet Secretary Yoshihide Suga rules out the issuance of deficit bonds to fund an economic stimulus package planned for the autumn, but hints at the use of construction bonds.
Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue totaled ...
The government is expecting a bigger than predicted primary deficit of ¥6.5 trillion ($55.6 billion) in fiscal 2020, reflecting the effects of a planned exemption of food items from a sales tax hike, Cabinet Office estimates showed Thursday. The latest estimates show Japan needs to ...
Japan's medical expenses in the year to March 2015 are certain to hit a new high above ¥40 trillion ($332 billion) on the back of the nation's graying population, health ministry data showed Thursday. Spending is likely to set a record for the 12th straight ...
After achieving growth of an annualized real 3.9 percent in the first quarter of 2015, the government may argue it is on track to attain its fiscal reform goal through fiscal 2020. But the plan — which relies heavily on economic growth — could increase ...
The government is still on track to miss a key fiscal rehabilitation goal in fiscal 2020, government sources said Wednesday. The sources said the government is set to leave its projection for missing the goal unchanged in its upcoming medium- to long-term fiscal estimate. Though Japan ...
The Abe administration plans to set a medium-term target to achieve its key fiscal reform goal in fiscal 2020, aiming to reduce the ratio of the primary deficit to gross domestic product to around 1 percent in fiscal 2018, sources said Monday. The medium-term goal, ...
The state of Japan's public finances is "extremely severe," Finance Minister Taro Aso said on Thursday, vowing to do whatever is needed to boost revenues and cut expenditures to restore the country's fiscal health. Aso, who is also deputy prime minister, said Tokyo will stick ...
Japan is set to miss its key fiscal rehabilitation goal in fiscal 2020, even if the doubling of the consumption tax is completed and the economy is on a solid recovery track, an estimate released by the Cabinet Office said Thursday. Prime Minister Shinzo Abe's ...
Prime Minister Shinzo Abe said his administration will "make every effort to steadily achieve" its fiscal rehabilitation goal in fiscal 2015, while promising to streamline public spending. Abe's remarks came during a meeting Monday of the Council on Economic and Fiscal Policy, where the administration ...
The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed "as broadly consistent with medium-term fundamentals," the Washington-based lender said in its annual assessment of the Japanese economy. The ...
