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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

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

POLITICS

Beef, pork tariffs become focal point during Japan-U.S. TPP talks

(Nikkei: January 12, 2015 – p. 3)    Japan and the U.S. will resume negotiations on the Trans-Pacific Partnership trade pact on Jan. 14. At issue is whether Tokyo and Washington can find common ground in import tariffs on pork, beef, and other farm products, which are key elements in the bilateral negotiations.    A U.S. delegation led by Acting….Read more

  • 2015-01-12 15:00:00
  • , Nikkei
  • Translation

POLITICS

Defense budget largest ever

(Yomiuri: January 11, 2015 – p.2)    The government has decided to increase the defense budget for the third year in a row by allocating nearly 5 trillion yen, the largest ever, for FY2015. As China is actively expanding its maritime advancement, the new budget will be spent for enhancing the defense of the Southwestern Islands and stepping up warning….Read more

  • 2015-01-12 15:00:00
  • , Yomiuri
  • Translation

POLITICS

Profitable companies to benefit more from corporate tax reforms

(Mainichi: January 8, 2015 – p. 4)   By Ai Yokota   Corporate tax reforms, a key component of the ruling parties’ outline of tax reforms for FY2015, will result in the reduction of the effective corporate tax rate (standard rate is 34.62%; 35.64% in Tokyo) but stricter taxation on loss-making companies. While profitable mid-ranking and big companies enjoying a….Read more

  • 2015-01-08 15:00:00
  • , Mainichi
  • Translation

POLITICS

Gov’t keeps public works projects under 6 trillion yen in fiscal 2015 budgets

(Nikkei: January 8, 2015 – p. 5)   The government plans to keep its budget for public works projects for fiscal 2015 under 6 trillion yen. In fiscal 2014, about 5.9 trillion yen was earmarked in the initial budget. The ruling parties demand a drastic increase in the budget, but the government seeks to rein in spending due to personnel….Read more

  • 2015-01-08 15:00:00
  • , Nikkei
  • Translation

POLITICS

Business leaders anticipate brighter economic outlook

(Mainichi: January 7, 2015 – p. 7)   Amid the start of Japanese economic activities for 2015, business leaders met at various New Year greeting events held by industry and economic groups on Jan. 6. Though many of them anticipated wage hikes and expressed positive economic outlooks, fears linger over growing economic uncertainties in China and Greece. (Abridged)

  • 2015-01-07 15:00:00
  • , Mainichi
  • Translation
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