/ 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. For the past year to March 31, corporate tax revenue totaled ...

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. Spending is likely to set a record for the 12th straight ...

/ 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. 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 ...

/ 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. The medium-term goal, ...

Aso vows to improve 'extremely severe' public finances

/ 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. Aso, who is also deputy prime minister, said Tokyo will stick ...

/ 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. Prime Minister Shinzo Abe's ...

Abe vows to 'steadily achieve' fiscal reform goal in fiscal 2015

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. Abe's remarks came during a meeting Monday of the Council on Economic and Fiscal Policy, where the administration ...

/ 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. 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 ...