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May 04, 2024
 

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U S BUDGET

JAPAN
Dec 24, 2013
Outlays to Okinawa to rise by 15%
The Cabinet said Tuesday that ¥346.0 billion will be earmarked for Okinawa's economic development in the budget for fiscal 2014, up 15.3 percent from the initial allocation for the current fiscal year and even more than the requested ¥340.8 billion.
Japan Times
BUSINESS / Economy
Dec 24, 2013
Impact of bigger public works budget unclear
Prime Minister Shinzo Abe's fiscal 2014 draft budget has sparked debate over whether he has significantly increased the public works budget in a major policy shift from his predecessor administrations led by the Democratic Party of Japan.
BUSINESS / Economy
Dec 22, 2013
Record budget unveiled as debt burden mounts
The government and the ruling coalition agreed on a record budget for the next fiscal year, as Prime Minister Shinzo Abe boosts spending on social security, defense and public works while trying to contain the growth of the world's biggest debt burden.
JAPAN
Dec 21, 2013
Regional economic funding to fall 40%
Outlays to bolster regional economies will be slashed by 40 percent in the fiscal 2014 budget even as state spending swells to a record-high ¥95.88 trillion.
BUSINESS / Economy
Dec 17, 2013
Initial '14 budget to rise to record ¥96 trillion
The initial general-account budget for fiscal 2014, which starts April 1, is likely to total a record-high ¥96 trillion, according to government sources.
BUSINESS / Economy
Dec 12, 2013
¥5.5 trillion extra 2013 budget for stimulus OK'd
Prime Minister Shinzo Abe's Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring's consumption tax hike.
BUSINESS
Dec 7, 2013
Abe eyes cutting new bond issuance to ¥42 trillion in fiscal 2014
The Abe administration is considering curbing the new issuance of government bonds to around ¥42 trillion in fiscal 2014, down about ¥1 trillion from the initial state budget for the current fiscal year, due to a projected increase in tax revenues, sources said Saturday.
COMMENTARY / World
Oct 21, 2013
America's reckless financial policy
The U.S. pattern of decision making (or nondecision making) on debt deadlines has already created additional risk and will surely be reflected in upward pressure on interest rates.
COMMENTARY / World
Oct 15, 2013
Behind Washington's firestorm
The story behind the story of the U.S. budget showdown is that prolonged slow growth threatens historic changes to America's political and social order.
COMMENTARY / World
Oct 4, 2013
U.S.' endless budget battle
The privilege of issuing the global reserve currency lowers the interest rates that the U.S. government and Americans pay. An unforced debt default could weaken this advantage.
BUSINESS
Sep 10, 2013
Abe orders stimulus to avert tax hike hit
Prime Minister Shinzo Abe has instructed his ministers to draw up a stimulus package in case the planned consumption tax hike in April harms the economy, Finance Minister Taro Aso said Tuesday.
EDITORIALS
Sep 4, 2013
Slash wasteful government spending
The Liberal Democratic Party has not learned from its past policy reliance on pork-barrel projects, which caused the national debt to soar.
BUSINESS
Sep 3, 2013
Diet may discuss stimulus budget in early '14
The administration may submit an extra budget to the Diet early next year to stimulate the economy amid fears over the negative impact of the planned consumption tax hike in April, Finance Minister Taro Aso said Tuesday.
JAPAN / Politics
Aug 30, 2013
Requests for Japan's fiscal 2014 budget top ¥100 trillion
Fiscal 2014 initial budget requests topped ¥100 trillion ($1.0 trillion) for the second straight year, government officials said Friday, signaling Prime Minister Shinzo Abe will face a rocky road in trying to consolidate the nation's finances.
BUSINESS
Aug 27, 2013
Japan budget requests likely to top ¥100 trillion for second year in fiscal 2014
Fiscal 2014 initial budget requests from all ministries and agencies are expected to exceed ¥100 trillion for the second straight year, sources say.
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.
JAPAN
Jul 31, 2013
Trillions for rebuilding Tohoku go unused
The Reconstruction Agency says that ¥3.4 trillion — 35.2 percent — of the ¥9.74 trillion in the fiscal 2012 budget slated to rebuild areas hit by the March 2011 disasters went unused.
BUSINESS / Economy
Jul 31, 2013
Deficit cut mulled as sales tax debate intensifies
The Abe administration is considering an ¥8 trillion target for budget-deficit cuts over the next two years as officials debate how to proceed with the planned consumption tax increases that threaten to take the wind out of the economic rebound.
JAPAN
Jul 3, 2013
Tokyo orders refund of unused disaster money
The central government is telling local and prefectural governments as well as public corporations to return ¥101.7 billion in unused disaster reconstruction funds.
COMMENTARY / World
May 15, 2013
U.S. defense cuts: An ax is needed, not a scalpel
The fact the U.S. government devotes too much to Social Security is no argument for spending too much on the military. The defense budget could use a meat-ax.
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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