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March 13, 2025
 

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FISCAL SPENDING

Debt servicing costs are estimated to increase, reflecting the Bank of Japan's interest rate hikes.
BUSINESS
Feb 10, 2025
Japan's government debt climbs to record ¥1.32 quadrillion
The combined balance of Japanese government bonds, borrowings and financing bills swelled by ¥7.2 trillion from the end of September 2024.
While the ruling minority government’s weakened position has emboldened opposition parties to push for more spending across multiple policy fronts, the International Monetary Fund has warned there is limited space today in Japan to address the risks of natural disasters and mounting social security costs.
BUSINESS / Economy
Feb 7, 2025
Japan needs immediate deficit cut to fix fiscal path, IMF warns
The government needs to prepare now to avoid negative surprises four or five years down the road, the IMF’s Japan mission chief says.
Finance Minister Katsunobu Kato holds a news conference at the Finance Ministry in Tokyo in October last year.
BUSINESS / Economy
Jan 24, 2025
Finance chief vows to balance economic revival and fiscal consolidation
Finance Minister Katsunobu Kato highlighted the need to improve Japan's fiscal health, which is the worst among major countries.
The streets of Suzu, Ishikawa Prefecture, in October show that the city is still struggling from the aftermath of the Jan. 1 earthquake and heavy rain in September.
BUSINESS / Economy / FOCUS
Nov 15, 2024
Japan faces urgent need to boost state finances for emergencies
If a major earthquake were to strike directly beneath Tokyo, the projected damage would total around ¥107.5 trillion.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund
BUSINESS / Economy
Nov 2, 2024
IMF Asia-Pacific chief urges Japan to start debt cuts
The leading IMF official called for Japan to "have a well fleshed-out, credible medium-term fiscal framework."
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.
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.
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.
The Bank of Japan building in Tokyo on March 18. With the BOJ’s policy tightening, the difficulty of managing the country’s debt payments is expected to become worse.
BUSINESS
Jul 29, 2024
Japan expects to hit primary balance goal in fiscal 2025
The government initially aimed to achieve the goal in fiscal year 2011 but kept pushing it back for over a decade.
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.
Japan Times
BUSINESS
Jun 1, 2022
Japan tweaks budget goal wording to gain more fiscal flexibility
Japan's target of balancing its budget excluding debt payments by 2025 had long seemed unlikely, even by the government's own growth projections.
Japan Times
BUSINESS / Economy
May 30, 2022
Japan drops time frame for budget balancing target in draft economic roadmap
The absence of the target in the midyear policy roadmap could raise questions about Japan's resolve to fix its tattered public finances.
Japan Times
BUSINESS / Economy
Oct 8, 2021
New Japanese finance chief faces dilemma: Spend more or repair fiscal health
Finance Minister Shunichi Suzuki will be forced to balance Kishida's spending plans with the nation's poor fiscal health.
Japan Times
BUSINESS
Jun 1, 2021
COVID-19 trauma has changed economics — maybe forever
The 2008 crash triggered a rethink, but the framework in place since the 1980s emerged relatively intact. The pandemic then cast those conventions aside around the world.
Japan Times
BUSINESS
Jun 1, 2021
G7 to back minimum global corporate tax and support economies
A draft statement said the G7 supported efforts to set a global minimum corporate tax level that would ensure large multinationals paid their fair share.
Amid labor shortage, Japan approves guidelines to upskill foreign workers
A Vietnamese worker harvests tomatoes at a farm in the city of Asahi, Chiba Prefecture, in 2018.
China deploys food as a high-impact, low-cost weapon in tariff fight
Boxes of imported pork from the U.S. at a cold storage warehouse in Shanghai
Osaka Expo-linked spending expected to hit ¥1 trillion
The Osaka Expo site on Yumeshima island in December.
Man arrested after fatal stabbing of woman in Shinjuku Ward
Investigators from the Tokyo Metropolitan Police examine the scene where a woman in her 20s was stabbed on Tuesday morning in Tokyo's Shinjuku Ward.
Nissan CEO Makoto Uchida to step down
Makoto Uchida, CEO of Nissan, will step down from the post at the end of this month.
‘We are not Ukraine’: Top Taiwan officials temper comparisons after U.S. U-turn
People hold a Ukrainian flag and a Taiwan flag during a protest to mark the third anniversary of Russia's invasion of Ukraine, in Taipei on Feb. 23.
14 years after 3/11 disasters, Fukushima vies to become a startup hub
Aizawa Concrete employees work in the Namie factory in Fukushima Prefecture in January.
Tokyo’s vinyl experts say overseas buyers are ‘sustaining the scene’
Rintaro Sekizuka runs a record store in both London and Tokyo’s Katsushika Ward.
Slowly but surely, Osaka emerges from Kyoto’s fine-dining shadow
Bar Bota, the 37th-floor watering hole at the Four Seasons Osaka, looks out on a glittering cityscape better known for its cheap eats and drinks.
Cherry blossom season set to kick off on March 21 in Tokyo
A Weathernews forecast shows the cherry blossom season will begin on March 21 in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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Longform

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Menstruation in Japan: Breaking the silence, slowly
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