Tag - budgets

 
 

BUDGETS

Japan Times
JAPAN / Politics
Dec 6, 2022
Japan to defer tax hikes for defense spending until 2027
The delay is planned in light of economic uncertainties stemming from rising prices, while strong opposition from members of the ruling Liberal Democratic Party to corporate and other tax hikes was also a factor, sources say.
Japan Times
JAPAN
Dec 6, 2022
Kishida seeks to hike defense spending by more than 50% over five years
The new budget would put Japan closer to the target Kishida ordered last week of spending 2% of gross domestic product on defense by 2027.
Japan Times
JAPAN / Politics
Dec 5, 2022
Japan to put off tax hike to cover increased defense spending
The government will set the general direction of its plan but is likely to forego deciding on a specific tax increase when it compiles the initial fiscal 2023 budget due later this month.
Japan Times
JAPAN / Politics
Dec 3, 2022
Japan eyes up to ¥43 trillion for five-year defense spending plan
The new numbers marked a compromise between the defense and finance ministries amid concerns about worsening one of the industrial world's worst debt burdens.
Japan Times
JAPAN / Politics
Dec 3, 2022
LDP lawmakers say taxes should not be hiked to cover rising defense spending
A group of young lawmakers from theu00a0ruling Liberal Democratic Party has compiled a draft proposal urging the government to issue bonds to cover the spending hike.
Japan Times
BUSINESS
Dec 2, 2022
Japan enacts ¥29 trillion extra budget to blunt inflation impact
The funding is necessary to implement inflation-relief steps included in a broader package to ease the pain on households.
Japan Times
JAPAN
Nov 29, 2022
In major shift, Kishida sets defense spending target at 2% of GDP for first time
Japan has long maintained an informal cap on defense spending of around 1% of GDP, but calls for an increase have grown amid escalating threats from China and North Korea.
Japan Times
JAPAN
Nov 21, 2022
Panel says public must shoulder burden of strengthening Japan's defenses
The draft proposal rejected relying on government bond issues, and said that 'the burden must be shouldered by the public through a wide range of taxes.'
Japan Times
JAPAN / FOCUS
Nov 14, 2022
Crowdfunding helping plug gap in government funding for academic research
The fundraising mechanism has also come into wider use in the nation's medical community, with some cases of research gathering pace after collecting large amounts of financial support.
Japan Times
BUSINESS / Economy
Nov 8, 2022
Cabinet approves ¥29 trillion extra budget for economic package
The key feature of the economic package is reducing utility bills for households.
Japan Times
BUSINESS / Economy
Nov 7, 2022
Japan spent ¥45.5 billion in tax money wastefully in fiscal 2021, government reports
There were 310 reported cases of wasteful spending, the Board of Audit of Japan has said, following a slump in the number of on-site inspections by board staff during the pandemic.
Japan Times
JAPAN
Nov 3, 2022
Private sector seeks stable funding plan for Japan's defense spending boost
Members of a key panel said that the government should balance its medium- to long-term fiscal consolidation efforts with ways to fund the defense spending increase.
Japan Times
JAPAN
Nov 1, 2022
Japan's Defense Ministry haunted by ammo and parts shortages
There is a growing sense of crisis over the shortages, which could affect the country's capabilities to continue to fight in the event of a contingency.
Japan Times
JAPAN / Politics / FOCUS
Oct 30, 2022
Can LDP and Komeito hammer out differences over defense spending?
The coalition partners disagree on issues such as counterstrike capability as well as budget size and allocation.
Japan Times
BUSINESS / Economy
Oct 21, 2022
Japanese government looks to spend over ¥20 trillion on new economic package
The stimulus package will focus on steps to cope with inflation and the effect of a weaker yen, spurring wage growth, and rejuvenating growth through investment and reform.
Japan Times
BUSINESS
Oct 19, 2022
With weak yen, Japan aims to earn $34 billion from tourists next fiscal year
Japan must balance between spending its way out of the COVID-induced doldrums while reining in the industrial world's heaviest public debt.
Japan Times
JAPAN / ANALYSIS
Oct 19, 2022
Japan rushes to rearm with eye on 2027 — and China's Taiwan ambitions
By pointing to 2027 as the moment when East Asia's power balance may tip in China's favor, Japan's government can rally support for greater defense spending, experts say.
Japan Times
BUSINESS
Oct 17, 2022
LDP tax head says Japan could hike taxes to fund defense spending rise
Japan has little room left to increase the funding, leaving the country with options such as spending cuts, tax hikes and additional debt issuance.
Japan Times
JAPAN
Oct 14, 2022
Abe's state funeral cost was ¥1.2 billion, below initial estimate
Spending on security and accepting overseas guests was reduced as they stayed in Japan for shorter periods than the government had originally expected.
Japan Times
BUSINESS
Sep 30, 2022
Kishida orders stimulus as analysts warn of overspending
The measures will tackle price rises, encourage pay increases and speed up Kishida's drive to transform capitalism in Japan.

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