Tag - budgets

 
 

BUDGETS

Prime Minister Fumio Kishida listens to U.S. President Joe Biden as they hold a joint news conference in the Rose Garden of the White House in Washington in April.
JAPAN / Politics
Jul 6, 2024
Biden again takes credit for pushing Japan to boost defense spending
The U.S. president said for the second time in just over a year that he had pushed Japan to its hike defense budget — comments likely to upset Tokyo.
An unarmed Minuteman III intercontinental ballistic missile is launched during an operational test at Vandenberg Air Force Base in California in August 2017. Surging costs for the U.S. Air Force's new Sentinel ICBM may further embolden arms control advocacy groups who argue that the Sentinel should be scrapped in favor of extending the life of Minuteman III missiles.
WORLD / Politics
Jul 6, 2024
Cost of U.S. Sentinel ICBM swells again to $214 million per missile
The program is now expected to cost taxpayers $141 billion, or 81% more than forecast four years ago.
The Finance Ministry and the National Tax Agency in Tokyo's Kasumigaseki district
BUSINESS
Jul 3, 2024
Japan's tax revenue sets another record amid a weak yen and inflation
Even with the tax revenue gains, however, Japan’s fiscal plight is severe.
Self-Defense Force troops take part in an amphibious landing exercise on Tokunoshima island in Kagoshima Prefecture last November.
JAPAN / Politics / FOCUS
Jul 1, 2024
Japan's SDF marks 70th anniversary as it faces change and challenges
The SDF is grappling with dramatic policy shifts while facing down challenges ranging from recruitment to rising Chinese military assertiveness.
The administration of Prime Minister Fumio Kishida on Friday approved this year's honebuto economic and fiscal policy guidelines.
BUSINESS / Economy
Jun 21, 2024
Japanese government restores 2025 primary budget surplus target
In its economic blueprint, the Kishida administration has pledged a balanced budget other than interest payments by fiscal 2025.
Prime Minister Fumio Kishida
JAPAN
Jun 11, 2024
Japan to stick to goal of primary budget surplus next fiscal year
The government will also continue to try to lower the ratio of debt to gross domestic product, a draft of annual policy guidelines for budget planning said.
Prime Minister Fumio Kishida answers questions during a Lower House committee session on Wednesday.
BUSINESS / Economy
Jun 7, 2024
Japan maintains goal of primary budget surplus from 2025 to 2030
The plan will be reflected in the annual economic and fiscal policy guidelines that the central government aims to adopt at a Cabinet meeting by the end of this month.
Legislation on measures to support child-rearing passes during the Upper House plenary session on Wednesday.
JAPAN / Society
Jun 5, 2024
Japan enacts bill to expand measures for tackling low birth rate
To pay for the changes, extra fees will be added to public medical insurance premiums.
The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a military drill on the uninhabited Irisuna island in Okinawa Prefecture, close to the prefecture's main island, in November. Japan's defense-related spending for fiscal 2024 is expanding to 1.6% of its gross domestic product.
JAPAN / Politics
Apr 29, 2024
Japan ups defense spending to 1.6% of GDP with eye on 2027 goal
The budget edges closer to the 2% of GDP standard that many Western nations have targeted, which Tokyo aims to achieve by 2027.
Missiles are launched during a simulated nuclear counterattack drill at an undisclosed location in North Korea in this image released Tuesday.
ASIA PACIFIC
Apr 23, 2024
North Korea holds first 'nuclear trigger' drills as U.S. and South set for cost-sharing talks
Pyongyang said the exercises, which came ahead of U.S.-South Korea talks on cost-sharing for hosting troops, were “a clear warning” to the North's enemies.
Prime Minister Fumio Kishida speaks at a meeting for Noto Peninsula reconstruction at the Prime Minister's Office on Tuesday.
JAPAN
Apr 23, 2024
Japan OKs ¥138.9 billion in fresh spending over Noto quake
This will be the fourth round of spending from the state reserve funds for the quake-affected areas in central Japan.
An employee handles 155 mm-caliber shells after the manufacturing process at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, on April 16.
WORLD / Politics
Apr 22, 2024
Conflicts push military spending to all-time high, report says
Nations around the world are spending more than ever on their militaries as conflicts continue across various regions.
Ayuko Kato, minister for children-related policies
JAPAN
Apr 12, 2024
Japan discloses more details of costs to fight low birthrate
The planned fees that will be added to public medical insurance premiums aims to help secure funds to combat the declining birthrate trend.
According to the children's agency’s estimate, those with an annual income of ¥2 million will see an additional tax levy of ¥350 to support new child care provision, while those with incomes of ¥6 million will pay an extra ¥1,000.
JAPAN / Society
Apr 10, 2024
Japan to collect monthly average of ¥800 for child care boost
The exact amount for each individual will vary depending on income and public health insurance plans.
Japan will charge members of medical insurance programs with fees starting in fiscal 2026 to tackle the country's sluggish birthrate.
JAPAN
Mar 29, 2024
Fight against low birthrate to cost ¥450 monthly per head
The government plans to boost annual spending on measures to fight the sluggish birthrate to ¥3.6 trillion by fiscal 2028.
Prime Minister Fumio Kishida and Komeito leader Natsuo Yamaguchi shakes hands at the parliamentary building following the enactment of the fiscal 2024 budget on Thursday.
JAPAN / Politics
Mar 29, 2024
Japan enacts ¥112.6 trillion budget for fiscal 2024
The budget includes a record ¥7.95 trillion in defense spending.
During the last round of negotiations between Washington and Seoul, then-U.S. President Donald Trump requested steep increases in South Korea’s share of defense costs.
ASIA PACIFIC / Politics / ANALYSIS
Mar 14, 2024
South Korea, U.S. talk cost-sharing as Seoul girds for Trump 2.0
The agreement on an unusually early start of the defense cost-sharing deals reflects unease over a possible return of Donald Trump to the White House.
The defense request is largely seen as a symbolic opening shot in what is expected to be a protracted spending battle in Congress ahead of a November presidential election that will almost certainly pit President Joe Biden against his Republican predecessor, Donald Trump.
WORLD / Politics
Mar 12, 2024
With eye on Indo-Pacific, Biden seeks record U.S. defense budget
But the $895.2 billion figure for fiscal 2025 is only about a 1% increase from the $886.3 billion proposal made last year — far below inflation levels.
An Upper House budget committee session for questions and answers on the fiscal 2024 draft budget held Wednesday
BUSINESS / Economy
Mar 6, 2024
Japan's huge draft budget raises questions over fiscal accountability
The government allocates reserves and determines their use at Cabinet meetings, requiring only retroactive approval by parliament.
A military delegation arrives for a meeting Monday, ahead the annual session of China’s National People’s Congress (NPC) in Beijing.
ASIA PACIFIC / Politics / ANALYSIS
Mar 5, 2024
China defense spending to climb 7.2% amid rivalry with U.S.
Beijing's 1.67 trillion yuan ($231.4 billion) budget makes 2024 the ninth straight year to see a single-digit hike in the country’s defense outlays.

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