Tag - budgets

 
 

BUDGETS

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.
Prime Minister Fumio Kishida speaks at a government panel meeting on measures to tackle Japan's declining birthrate on Monday.
JAPAN / Politics
Oct 3, 2023
Debate begins on funds to tackle Japan's low birthrate
The prime minister has instructed relevant ministers to draw up a road map for securing necessary funds by reducing social security spending.
Ukrainian President Volodymyr Zelenskyy is accompanied by U.S. Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell in the Old Senate Chamber, at the U.S. Capitol in Washington on Sept. 21.
WORLD / Politics
Oct 1, 2023
Ukraine aid falls by wayside as Congress passes spending bill
The Biden administration and lawmakers from both parties sought to reassure Ukraine that assistance may be supplied in a separate bill down the road.
U.S. Speaker of the House Kevin McCarthy talks to reporters on Capitol Hill in Washington on Saturday.
WORLD / Politics
Oct 1, 2023
Last-gasp deal averts U.S. government shutdown
The U.S. Congress passed an 11th-hour funding bill Saturday to keep federal agencies running for another 45 days.
U.S. House Speaker Kevin McCarthy, a Republican from California, speaks to members of the media at the U.S. Capitol in Washington, on Friday.
WORLD / Politics
Sep 30, 2023
GOP rejects own funding bill; U.S. government shutdown imminent
In a 232-198 vote, the House defeated a measure that would extend government funding by 30 days and avert a shutdown.
Prime Minister Fumio Kishida speaks at a news conference in New York on Wednesday.
BUSINESS / Economy
Sep 21, 2023
Kishida to outline economic support measures next week
Speaking in New York, Kishida warned that Japan’s economic situation remains unstable.
Increased spending on defense and social security pushed up total budget requests for fiscal 2024 to a new record.
JAPAN
Sep 5, 2023
Japan's budget requests for fiscal '24 hit record ¥114.39 trillion
The amount surpassed the ¥111.66 trillion sought for fiscal 2022 — previously the largest on record.
Tohoku University in Sendai, Miyagi Prefecture
JAPAN / Society
Sep 5, 2023
Why Tohoku University was picked as first beneficiary of new university fund
The fact it was picked as the sole recipient, and over two prestigious universities seen as front-runners, has shocked Japan's academic community.
The Maritime Self-Defense Force's Aegis-equipped destroyer Maya in Yokohama in March 2020. Japan plans to introduce two new Aegis-equipped vessels that are expected to be bigger than the 8,200-ton Maya-class Aegis ships.
JAPAN
Sep 4, 2023
Japan's costs ballooning for new Aegis vessel plan
Overall costs will reach ¥900 billion if the amount already spent to purchase large radar and weapons systems is included.
Tohoku University in Sendai
JAPAN
Sep 1, 2023
Tohoku University named as first recipient in state subsidy program
The education ministry says that a number of universities will be chosen for the program.
The Maritime Self-Defense Force's Hyuga destroyer leads the MSDF fleet during the International Fleet Review to commemorate the 70th anniversary of the MSDF's foundation, in Sagami Bay, off Yokosuka, Kanagawa Prefecture, last November.
JAPAN / Politics
Aug 31, 2023
Japan seeks record ¥7.7 trillion defense budget as buildup continues
The budget request signals that Tokyo remains committed to following through on historic defense reforms instituted in December.
The National Police Agency holds a ceremony to launch its National Cyber Unit in April last year.
JAPAN
Aug 30, 2023
National Police Agency to upgrade cyber unit to department
The National Cyber Unit was established in April last year.
Akira Amari, a former Liberal Democratic Party secretary-general, addresses a meeting held Tuesday at the party's headquarters to start discussions on whether to allow the government to sell all of the Nippon Telegraph & Telephone stake it owns.
BUSINESS
Aug 23, 2023
LDP weighs scrapping NTT law to sell off telecom giant shares
The LDP will discuss whether proceeds from a sale of the government's stake should be used to fund planned increases in defense spending.
Prime Minister Fumio Kishida speaks to reporters at the Prime Minister's Office on Tuesday.
BUSINESS
Aug 23, 2023
Kishida under pressure to spend even as debt costs rise
The prime minister pivoted away from his previous stance Tuesday by scrapping September-end plans to stop subsidies that cap gasoline prices.
Prime Minister Fumio Kishida speaks at a government task force meeting on coronavirus response on Jan. 27.
JAPAN
Aug 20, 2023
Four-year outlays on COVID and inflation relief to hit ¥68.5 trillion
Prime Minister Fumio Kishida faces the urgent task of carrying out spending reforms as the world's third-largest economy recovers from the economic slump.

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