ECONOMY > Economic Policy

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POLITICS

Only 10% feel economic recovery

(Tokyo Shimbun: January 17, 2015—p. 6)    According to findings from a public opinion survey conducted by Jiji Press on Jan. 9-12, the rate of public support for Prime Minister Shinzo Abe and his cabinet was 47.2%, up 1.8 percentage points from the last survey in the preceding month. The nonsupport rate was 33.3%, down 1.6 points. The support rate….Read more

  • 2015-01-20 15:00:00
  • , Tokyo Shimbun
  • Translation

POLITICS

METI estimates mega FTAs to reduce tariffs by 2.5 trillion yen

(Sankei: January 16, 2015 – p. 1)    It was learned on Jan. 15 that if all the mega free trade agreements (FTA) Japan is currently negotiating are actually concluded, tariffs paid by Japanese export industries will be reduced by 2.5137 trillion yen. This was revealed through estimates made by the Ministry of Economy, Trade and Industry (METI) recently. This….Read more

  • 2015-01-16 15:00:00
  • , Sankei
  • Translation

POLITICS

Key measures in FY2015 budget

(Sankei: January 15, 2015 – p. 3)   Medical and health care ◂Improvement of fiscal policy supporting the national health insurance program   ◂Promotion of medical testing for female-specific cancer   ◂Promotion of leading-edge medical service and development of new medicines 103.2 billion yen     1.2 billion yen     124.8 billion yen Education, child rearing ◂Provision of 3,000….Read more

  • 2015-01-15 15:00:00
  • , Sankei
  • Translation

POLITICS

Gov’t allocates record budget for social welfare

(Nikkei: January 15, 2015 – p. 2)    The government decided on Jan. 14 to allocate a record 31.5 trillion yen to social welfare for fiscal 2015. Out of that amount, 520 billion yen will be earmarked for child-care projects. The segment will receive 210 billion yen more money than in fiscal 2014.    Meanwhile, the budgets for pension, healthcare,….Read more

  • 2015-01-15 15:00:00
  • , Nikkei
  • Translation

POLITICS

Okinawa governor expresses appreciation for development budget

(Yomiuri: January 15, 2015 – p. 4)    In connection with the central government’s allocation of 334 billion yen for economic development in Okinawa in fiscal 2015, a drop of 16.2 billion yen from the previous year, Okinawa Gov. Takeshi Onaga told reporters at the Cabinet Office on Jan. 14: “Amid the extremely tight fiscal situation, the government earmarked an….Read more

  • 2015-01-15 15:00:00
  • , Yomiuri
  • Translation

POLITICS

FY15 budget aims at propelling growth, stimulating local economies, rebuilding finances

(Sankei: January 15, 2015 – p. 1)    By Mayumi Ogawa    The government approved a record budget proposal totaling 96.342 trillion yen for fiscal 2015 at a Jan. 14 cabinet meeting. Tax revenue is expected to climb to 54.525 trillion yen, the largest-ever in 24 years, driven by the introduction of an 8% sales tax last April and a….Read more

  • 2015-01-15 15:00:00
  • , Sankei
  • Translation

POLITICS

Proposed defense budget reflects shift away from strictly defensive policy

(Tokyo Shimbun: January 15, 2015 – p. 2)    By Masato Nakane, Mikihiko Ueno    Reflecting the Abe administration’s shift away from a strictly defensive policy, such as the authorization of the exercise of the right to collective self-defense, the draft FY2015 budget practically meets all the Defense Ministry’s requests for the procurement of offensive weapons.   Allocations for diplomacy….Read more

  • 2015-01-15 15:00:00
  • , Tokyo Shimbun
  • Translation

POLITICS

FY2015 budget seeks to strengthen dairy industry with an eye on TPP

(Mainichi: January 15, 2015 – p. 13)    By Masashi Taguchi    The fiscal 2015 budget proposal allocated 2.309 trillion yen to agriculture related programs, a drop of 0.8% from fiscal 2014.    The government seeks to bolster the competiveness of dairy farmers, as discussions are underway for the Trans-Pacific Partnership trade pact and other economic partnerships. It earmarked 7.5….Read more

  • 2015-01-15 15:00:00
  • , Mainichi
  • Translation

POLITICS

Consumption tax hike lowered consumption by 1 trillion yen

(Sankei: January 14, 2015 – p.1)    In a report titled “Japan’s Economy 2014 – 2015” on the current status of Japanese economy announced on Jan 13 by the Cabinet Office, the government showed a trial calculation that the rehike of consumption tax to 8% in last April caused a rise in prices, which reduced real income and pushed consumer….Read more

  • 2015-01-14 15:00:00
  • , Sankei
  • Translation

POLITICS

Okinawa development budget slashed to put pressure on governor

(Nikkei: January 13, 2015 – p. 3)    Allocations for Okinawa’s economic development in the draft FY2015 budget is expected to total 330 billion yen, representing a reduction of about 5% from the previous fiscal year.    The government’s position is that the development budget is not linked directly to the relocation of the U.S. forces’ Futenma Air Station (in….Read more

  • 2015-01-13 15:00:00
  • , Nikkei
  • Translation
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