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March 29, 2025
 

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BUDGETS

In a fresh aid package set to be compiled this month, the Japanese government will show its commitment to large-scale strategic support spanning several years in both areas, bearing in mind Rapidus, which has advanced into the Hokkaido region to mass-produce next-generation chips.
BUSINESS / Tech
Nov 9, 2024
Japan eyes ¥2 trillion for chips and AI in economic package
In the package, to be compiled this month, the government will show its commitment to large-scale support spanning several years in both areas.
LDP Diet affairs chief Tetsushi Sakamoto (left) and his CDP counterpart, Hirofumi Ryu, at a meeting in the parliament building on Thursday
JAPAN / Politics
Nov 8, 2024
CDP lawmaker to chair Lower House budget committee
The agreement was reached after the ruling coalition failed to secure a majority in last month's election.
Defense equipment such as tanks and ships often require time to build, leading the government to conclude contracts spanning multiple fiscal years.
JAPAN
Nov 7, 2024
Japan's future payment obligations for defense goods balloon
An increase in such obligations may put constraints on spending to procure new equipment and build facilities, resulting in budget rigidity.
A subcommittee of Japan's Fiscal System Council proposed Friday that the government provide efficient support over multiple years to the sector, which is growing in importance from the perspective of economic security.
BUSINESS / Tech
Nov 2, 2024
Japan panel calls for medium-term chip sector aid strategy
The subcommittee said the government provide efficient support over multiple years to the sector, which is growing in importance.
Krishna Srinivasan, director of the International Monetary Fund's Asia Pacific Department
BUSINESS / Economy
Nov 1, 2024
Japan must avoid issuing debt to fund fresh spending, IMF says
Prime Minister Shigeru Ishiba has pledged to compile another large-scale spending package to cushion the blow to households from the rising cost of living.
Prime Minister Shigeru Ishiba speaks at a news conference at the Liberal Democratic Party's headquarters in Tokyo Monday.
JAPAN / Politics
Oct 29, 2024
Election result casts shadow on Japan's economic measures
Prime Minister Shigeru Ishiba is hoping to secure cooperation from opposition parties to sustain his administration.
Interest on the federal debt exceeded $1 trillion for the first time in fiscal 2024 while spending grew for the Social Security retirement program, health care and the military, the Treasury Department said Friday.
BUSINESS / Economy
Oct 19, 2024
U.S. budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
The deficit for the year ended Sept. 30 was up 8%, or $138 billion, from the $1.695 trillion recorded in fiscal 2023.
Digital transformation minister Taro Kono has described Japan's current fiscal state as an "emergency situation," saying the nation has to regain fiscal discipline.
JAPAN
Sep 4, 2024
Japan's budget demands hit record as leadership race steps up
The race could complicate Tokyo's efforts to restore fiscal discipline.
The Maritime Self-Defense Force's US-2 amphibious plane
JAPAN
Sep 4, 2024
Japan to continue production of MSDF US-2 amphibious plane
The Defense Ministry has sought ¥21.9 billion ($150 million) for the acquisition of one US-2 aircraft in its fiscal 2025 budget request.
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024
Japan’s new prime minister must set fresh fiscal target, adviser says
Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
The Maritime Self-Defense Force's Aegis destroyer Chokai
JAPAN
Sep 1, 2024
Japan to add Tomahawk launch function to Aegis destroyer Chokai
Deployed at the MSDF's Sasebo base in Nagasaki Prefecture, the Chokai will be the first Japanese Aegis destroyer equipped with a counterstrike capability.
Members of the Ground Self-Defense Force hold a live-fire exercise at the GSDF's training grounds in the East Fuji Maneuver Area in Gotemba, Shizuoka Prefecture, in May. Japan's Defense Ministry is seeking another record-breaking budget for fiscal 2025.
JAPAN / Politics / ANALYSIS
Aug 30, 2024
Japan seeks another record-breaking defense budget for fiscal 2025
The request by the Defense Ministry is expected to send a clear message to both its allies and adversaries.
The Foreign Ministry in Tokyo
JAPAN / Politics
Aug 30, 2024
Japan's Foreign Ministry seeks ¥66.2 billion to fight false info
The total amount of funds sought in the budget request for fiscal 2025 is ¥814.6 billion, up 12.3% from the initial budget for the previous year.
Police officers attend a workshop on cyberattack countermeasures in February.
JAPAN / Crime & Legal
Aug 29, 2024
Japan's police agency requests ¥6 billion to tackle cyberattacks
The funds will mainly be used to enhance investigation capabilities and improve measures to fight phishing using generative artificial intelligence technology.
The health ministry will seek a record general-account budget of ¥34.3 trillion for fiscal 2025 amid increasing social security costs.
JAPAN
Aug 28, 2024
Health ministry seeks record ¥34 trillion budget for fiscal 2025
The amount was pushed up by increasing social security costs that reflect the country's aging population.
An illustration of the Japan Coast Guard's planned patrol ship, which will be its biggest ever
JAPAN
Aug 27, 2024
Japan Coast Guard to build its biggest patrol ship
The coast guard's new ship will be around 200 meters long and will weigh about 30,000 tons.
Demolition works were still being carried out on July 1 in Wajima, Ishikawa Prefecture, six months after the New Year's Day earthquake in the Noto Peninsula.
JAPAN
Aug 27, 2024
Land ministry highlights disaster reduction measures in budget request
The budget request is up 18.1% from the previous year at ¥7.03 trillion.
Fuel prices are displayed on a board at a gas station in Tokyo in September 2023. Fighting high prices is among the priority policy measures encompassed by a special spending quota for the fiscal year from April 2025.
BUSINESS
Jul 29, 2024
Japan to create priority policy spending quota in fiscal 2025
Priority measures include strengthening the country's defense capabilities, raising its birthrate and expanding investments in carbon reduction.
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.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Student suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Tourist submarine sinks in Red Sea of Egypt, leaving 6 people dead
The interior of a Sindbad submarine vessel at sea off Hurghada, Egypt, in August 2024, in this still image obtained from video.
Yellow sand blankets cities across Japan
The Meteorological Agency forecast the yellow sand to move away from eastern Honshu by 6 p.m. on Wednesday. But it will continue to cover parts of western Honshu and Shikoku until Thursday morning, it said.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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