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May 04, 2024
 

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U S BUDGET

BUSINESS / Economy
Mar 4, 2016
Calls for fiscal spending grow in Japan ahead of summit, election
Amid a politically eventful year, calls are growing within the government and ruling parties to compile stimulus steps to gird the flagging economy ahead of a key summit and the Upper House election.
BUSINESS
Mar 1, 2016
Abe setting up panel to debate extra budget before G-7 summit
Prime Minister Shinzo Abe will convene an advisory panel to consider an extra budget for the coming fiscal year, sources said days after the Group of 20 nations urged more fiscal spending to support the ailing global economy.
Japan Times
JAPAN / Politics
Mar 1, 2016
Lower House approves record ¥96.7 trillion budget
The Lower House passes a record budget, marking a turning point in Diet deliberations in which the ruling and opposition camps will switch attention to the Upper House election.
JAPAN / Politics
Feb 29, 2016
Lower House ready to pass record ¥96.7 trillion draft budget
The Lower House is set to pass the government's fiscal 2016 budget proposals Tuesday, making enactment of the record draft totaling ¥96.7 trillion all but certain.
JAPAN / Politics
Jan 19, 2016
Abe Diet speech to focus on balancing tax hike exemptions with fiscal reforms
Prime Minister Shinzo Abe's policy speech to the full Diet this Friday will stress his administration's ability to balance exemptions to the planned consumption tax hike with fiscal reform goals, according to political sources.
Japan Times
LIFE / Travel
Dec 26, 2015
Tokyo digs: It's hosteling, but not as we know it
A line of around 30 people queueing for snacks snakes around the inside of Izakaya Bunka, a Japanese-style pub, during its packed opening night on Dec. 14. Staffers at the Asakusa Ward spot have laid out an impressive buffet-style spread for all in attendance, set in front of a stack of nihonshu (Japanese sake) bottles that the venue's general manager jokingly called "Mount Fuji" in a speech minutes before. Cameramen representing TV morning shows record all of this, while a woman standing at the back urges attendees to take a photo and post it to Instagram. "You'll get one more free drink," she says encouragingly to visitors.
Japan Times
BUSINESS / ANALYSIS
Dec 24, 2015
Japan's draft budget a firm move against fiscal headwinds
The record ¥96.7 trillion draft budget for fiscal 2016 is by many measures a feat, a key push in the government's efforts to cut spending.
Japan Times
JAPAN / Politics
Dec 22, 2015
China to replace Japan as second-largest funder of U.N. peacekeeping
China will become the No. 2 financial contributor for U.N. peacekeeping operations, while Japan's fall from that position mirrors its decline in overall contributions to the world body.
JAPAN / Politics
Dec 22, 2015
Welfare key focus as Japan plans record-high ¥73 trillion in '16 budget outlays
The government plans record-high spending of ¥73.11 trillion ($602 billion) to fund its operations and programs in fiscal 2016, with the focus on assistance for child-rearing and other welfare measures, government sources said Monday.
BUSINESS
Dec 21, 2015
Japan's bond dependency ratio set to fall to 35%, lowest in nine years
Japan's debt issuance dependency ratio in fiscal 2016 is likely to fall to 35 percent, the lowest in nine years, due to increased tax revenue, according to government sources.
JAPAN / Politics
Dec 15, 2015
Government plans five-year extension of debt-financing law
The Abe administration plans to extend temporary legislation for five years allowing the government to automatically issue debt to help fund the annual budget without Diet approval, according to government sources.
JAPAN / Politics
Dec 15, 2015
Regular Diet session to convene Jan. 4
Prime Minister Shinzo Abe's Cabinet on Tuesday approved a plan to convene the Diet on Jan. 4 for a 150-day regular session.
BUSINESS
Dec 5, 2015
Government, ruling bloc eye slashing corporate tax rate to 29.74% for fiscal 2018
The government and ruling bloc plan to slash the effective corporate tax rate to 29.74 percent in the fiscal year starting April 2018 from the current 32.11 percent, sources said Friday.
JAPAN / Politics
Dec 4, 2015
Japan's defense budget likely to top ¥5 trillion for first time
Japan's defense budget for the next fiscal year is likely to top ¥5 trillion ($40 billion) for the first time, government sources said, as the military prepares for an expanded role under new security legislation.
Japan Times
COMMENTARY / Japan
Nov 30, 2015
Japan's looming debt nightmare won't fix itself
Given that its long-term potential real GDP growth is no more than 1 percent, Japan needs to rein in its ballooning national debt through spending cuts or tax hikes.
BUSINESS
Nov 27, 2015
Abe orders extra budget drafted to boost welfare, agriculture
Prime Minister Shinzo Abe on Friday instructed his Cabinet to compile an extra budget for fiscal 2015 to bolster welfare services and improve the competitiveness of the farm sector.
BUSINESS / Economy
Nov 14, 2015
Government eyes extra budget worth around ¥3.5 trillion
The government is likely to compile an extra budget worth around ¥3.5 trillion ($28.5 billion) at the end of this year to help farmers boost their global competitiveness and finance social security measures, sources said Saturday.
BUSINESS / Economy
Nov 4, 2015
Abe orders compilation of fresh stimulus measures within November
Prime Minister Shinzo Abe instructed his ministers Wednesday to compile new economic stimulus measures within the month, aiming to achieve goals that include boosting Japan's nominal gross domestic product to ¥600 trillion ($5 trillion) in five years' time.
Japan Times
JAPAN / Politics
Sep 1, 2015
Defense budget hike sought to fortify island chain facing China
The Defense Ministry is seeking a fourth-straight annual budget hike to help fortify Japan's far-flung island chain in the East China Sea, close to ocean territory claimed by Beijing.
JAPAN / Politics
Aug 31, 2015
Foreign Ministry seeks funding for eight new missions
The Foreign Ministry on Monday requested a 10.4 percent rise in its budget for fiscal 2016, partly to fund the opening of eight new diplomatic missions abroad.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Yen swings stir talk that Japan is in the FX market once again
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
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.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
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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