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August 15, 2024
 

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BUDGETS

Prime Minister Fumio Kishida attends a Lower House plenary session on Saturday.
JAPAN / Politics / FOCUS
Mar 3, 2024
In bid to save face, Kishida sticks to his guns on budget passage schedule
The PM wants to prevent his administration's popularity from falling further but his handling of a funds scandal is widely perceived as inadequate.
Former economy minister Yasutoshi Nishimura, who served as the Abe faction’s secretary-general for 10 months until August 2022, said the practice of returning portions of the income collected through fundraising parties to individual lawmakers was solely handled by the faction chairman and an administrative secretary.
JAPAN / Politics
Mar 1, 2024
As ethics hearing unfolds, Diet falls into chaos over budget approval
The CDP sought to censure budget committee leader Itsunori Onodera over his decision to push through a final vote, and argued for more extensive debate.
Taiwan Semiconductor Manufacturing Co.'s first Kumamoto plant in the town of Kikuyo, Kumamoto Prefecture, on Feb. 10
BUSINESS / Companies
Feb 16, 2024
Japan boosts aid to chip projects amid global race
Prompted by concerns, the government acted swiftly to prevent the potential loss of domestic production bases.
The government plans to establish a system that allows any child to enroll in day care establishments regardless of whether their parents work or not.
JAPAN
Feb 16, 2024
Japan's Cabinet OKs bill on measures to tackle falling birthrate
The bill includes plans to expand child benefits and establish a system allowing any child to enroll in day care establishments.
Projections for Japan's primary balance are presented at a meeting held at the Prime Minister's Office on Monday.
BUSINESS
Jan 22, 2024
Japan’s baseline forecasts show government missing budget goal
The primary balance is projected to be around minus 0.4% in fiscal year 2025.
The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a marine landing drill on Tokunoshima island, Kagoshima Prefecture, on Nov. 19.
JAPAN / Politics
Dec 29, 2023
Kishida’s military build-up plans face bumpy road ahead
One year on, questions remain as to whether the embattled leader, whose support rate recently dipped to new lows, can follow through on his pledges.
Self-Defense Forces soldiers take part in an evacuation drill on Yonaguni island in Okinawa Prefecture in November.
JAPAN / Politics
Dec 22, 2023
Japan approves record ¥8 trillion defense budget
The defense budget announced Friday includes ¥370 billion to build two new warships that will utilize the U.S.-developed Aegis missile defense system.
Prime Minister Fumio Kishida speaks during a policy meeting on Friday.
JAPAN
Dec 22, 2023
Japan cuts spending for first time in 12 years in fiscal 2024 budget
The budget for the coming fiscal year that starts in April is estimated at ¥112.07 trillion, down 2% from the current year's initial amount.
Medical fees will be lowered by 0.12% in fiscal 2024, marking the fifth consecutive reduction in the fees that are reviewed every two years.
JAPAN
Dec 20, 2023
Japan fees for medical services and drugs to be lowered by 0.12%
The government will raise its official fees for nursing and disability welfare services by 1.59% and 1.12%, respectively, in fiscal 2024.
A Tomahawk cruise missile is launched from a U.S. Navy ship. Japan agreed with the United States to buy U.S.-made Tomahawk cruise missiles one year earlier than previously planned.
JAPAN
Dec 17, 2023
Japanese government delaying debate over key defense issues
A widening political scandal is affecting the Kishida administration's ability to move forward on important security discussions.
Construction work is conducted in the Henoko coastal area in Nago, Okinawa Prefecture, on Thursday.
JAPAN
Dec 15, 2023
Okinawa promotion spending to fall to ¥267.8 billion in fiscal 2024
The outlay would stand below ¥300 billion for the third successive year, according to a government estimate.
Prime Minister Fumio Kishida speaks at a government meeting on child policies on Monday.
JAPAN
Dec 12, 2023
Japan to boost spending on measures to tackle low birthrate
The government will make official a program that will have nursery schools accept children even if both parents do not work, among other measures.
Ground Self-Defense Force soldiers on Tokunoshima island, Kagoshima Prefecture, on Nov. 19. The government plans to secure over ¥1 trillion in fresh defense outlays by raising corporate, tobacco and income taxes in stages, but it has yet to decide when to start increasing the taxes.
JAPAN / Politics
Dec 11, 2023
Japan unlikely to hike taxes for defense boost in '25: LDP official
The decision on when to hike taxes will be delayed into 2024 amid an unfolding fundraising scandal involving many LDP factions and senior lawmakers.
The Japan Aerospace Exploration Agency booth at the International Space Industry Exhibition in Tokyo in February
BUSINESS
Nov 13, 2023
Japan to create ¥1 trillion fund to develop outer space industry
The ¥1 trillion fund will be allocated over a 10-year period for the Japan Aerospace Exploration Agency (JAXA), as a new global space race heats up.
The construction site of a new Taiwan Semiconductor Manufacturing Co. factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Economy
Nov 9, 2023
Japan set to earmark ¥2 trillion for chips in extra budget
Japan is in the midst of a spending spree to revive its chip industry with an aim to triple the sales of domestically produced semiconductors by 2030.
Prime Minister Fumio Kishida is saluted by Maritime Self-Defense Force members during the International Fleet Review to commemorate the 70th anniversary of the foundation of the MSDF, at Sagami Bay, off Yokosuka, on Nov. 6, 2022.
JAPAN / Politics / FOCUS
Nov 3, 2023
Weak yen forces Japan to cut back on historic military spending
Officials and industry sources said Japan will begin cutting back on aircraft purchases in 2024, the second year of the buildup plan, due to the weak yen.
Members of the Ground Self-Defense Force disembark from a CH-47 Chinook helicopter during a live fire exercise in Gotemba, Shizuoka Prefecture, in May 2022.
COMMENTARY / Japan
Oct 23, 2023
Kishida's proposed tax cuts put higher defense spending on hold
The plan to raise defense spending partly through tax hikes has been put on ice. In fact, it was never likely to deliver fast results.
Ayuko Kato, minister in charge of child policies, talks to children in Kawasaki, Kanagawa Prefecture, on Sunday.
JAPAN / Politics
Oct 17, 2023
Japan resumes babysitter discount coupon program amid high demand
The babysitter coupon system was implemented in 2016 as part of the government’s efforts to offer financial aid to working families with children.
The U.K.'s decision to cut back on its HS2 high-speed rail network runs contrary to the path taken by Japan, which stuck to a long-term infrastructure plan.
COMMENTARY / World
Oct 11, 2023
U.K. effort to imitate Japan's shinkansen falls short
There is value of sticking to a long-term infrastructure plan, as Japan has done for almost 50 years with its high-speed rail system.
Ayuko Kato, minister in charge of child policies, speaks to reporters in Tokyo on Tuesday.
JAPAN / Politics
Oct 4, 2023
Children's agency chief Ayuko Kato vows to tackle falling birthrate
One of the aims of the agency is to help implement the Children's Future Strategy, a plan that was announced as a way to reverse the declining birthrate.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

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