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April 24, 2024
 

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FISCAL REFORM

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.
BUSINESS / Economy
Jul 9, 2018
Government projects Japan far from achieving fiscal health goal by 2025
The government is far from achieving its target of running a primary balance surplus in fiscal 2025 despite increased tax revenue, the government's latest longer-term projections showed Monday.
BUSINESS / Economy
May 3, 2018
Japan's fiscal health goal likely to be pushed back another five years to 2025
The government is eyeing fiscal 2025 as its new target year to achieve a primary balance surplus, delaying the fiscal health goal by another five years, sources said Wednesday.
Japan Times
JAPAN / Politics
Feb 13, 2018
10 years on, Osaka fiscal reform started by Toru Hashimoto remains unfinished
Since Toru Hashimoto was elected Osaka governor in January 2008 and subsequently launched a reform drive, the prefecture has turned its debt-heavy public finances around to achieve budget surpluses.
Japan Times
BUSINESS / Economy
Jul 18, 2016
Government has no plans to issue deficit bonds to fund planned stimulus package: Suga
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.
BUSINESS / Economy
Jun 28, 2016
Tax revenue falls short of government estimate
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.
BUSINESS / Economy
Jan 21, 2016
Government projects larger primary deficit of ¥6.5 trillion in fiscal 2020
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.
JAPAN
Sep 4, 2015
Japan's medical spending to top ¥40 trillion in fiscal 2014
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.
Japan Times
BUSINESS / Economy / FOCUS
Jul 1, 2015
Spending cap likely needed if Japan is to meet fiscal reform goal
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.
BUSINESS / Economy
Jun 18, 2015
State still on track to miss fiscal 2020 reform goal
The government is still on track to miss a key fiscal rehabilitation goal in fiscal 2020, government sources said Wednesday.
BUSINESS / Economy
May 11, 2015
Medium-term target expected for 2020 fiscal reform goal
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.
Japan Times
BUSINESS / Economy
Feb 12, 2015
Aso vows to improve 'extremely severe' public finances
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.
BUSINESS / Economy
Feb 12, 2015
Japan to miss 2020 fiscal reform goal: Cabinet
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.
Japan Times
BUSINESS
Dec 23, 2014
Abe vows to 'steadily achieve' fiscal reform goal in fiscal 2015
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.
BUSINESS / Economy
Jul 31, 2014
IMF's Japan report sees yen at fair value but warns on reforms
The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies.
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.
Japan Times
BUSINESS / Economy
Aug 8, 2013
Abe vows to trim ¥17 trillion; details few
The Abe administration approves a medium-term fiscal reform plan, pledging to narrow the budget deficit by ¥17 trillion over the next two years but offering no specifics on how to improve public finances.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Japan’s cannabis market growing rapidly amid regulatory shift
The legality of products that contain cannabinoids, a group of substances derived from the cannabis plant, has been somewhat murky in Japan.
The story isn't over for Japan's bookstores
Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
Hybrid work takes root in Japan, survey finds
A dealer works in the trading room at a foreign exchange brokerage in Tokyo on March 28. An overwhelming majority of respondents who currently work remotely in some capacity say they wish to continue to do so.
Shohei Ohtani signs deal with sports technology company Rapsodo
Shohei Ohtani has been appointed as the new technology ambassador for Rapsodo, the company announced Monday.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Tsukiji 2030s: A stadium, culinary center and transportation hub
A computer-generated image shows redevelopment plans for the former site of the Tsukiji fish market in Tokyo.
Hearing the impact of climate change in Okinawa, one bird call at a time
Toshihiro Kinjo (center), a research support technician at the Okinawa Institute of Science and Technology, inspects an audio recording device in Ginowan, Okinawa Prefecture, on April 3 as Masako Ogasawara, a research support specialist at OIST, looks on.
Japan’s cannabis market growing rapidly amid regulatory shift
The legality of products that contain cannabinoids, a group of substances derived from the cannabis plant, has been somewhat murky in Japan.

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Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

SUSTAINABLE JAPAN

Vol. 34: Tokyo, a vanguard city for sustainability
Vol. 34: Tokyo, a vanguard city for sustainability

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