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June 26, 2026
 

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BUDGETS

Prime Minister Sanae Takaichi speaks during a news conference in Tokyo in April
JAPAN / Politics
Jun 25, 2026
Japan unveils multiyear framework as part of budget reform
The mechanism is expected to start next fiscal year and will be used to fund measures including investments in economic security and crisis preparedness.
Prime Minister Sanae Takaichi aims to put her stamp on Japan¡¯s growth strategy as technological change and geopolitical tensions reshape economic priorities.
BUSINESS / Economy
Jun 24, 2026
Japan unveils $2.3 trillion investment plan for next 14 years
The roadmap marks a key step in Takaichi¡¯s effort to put her stamp on Japan¡¯s growth strategy as technological change and geopolitical tensions reshape economic priorities.
Finance Minister Satsuki Katayama says Japan is currently undergoing the greatest budgetary reform process since the end of World War II.
BUSINESS / Economy
Jun 9, 2026
Katayama says Japan undergoing biggest budget reform since 1945
The government plans to incorporate as much spending for one year as possible into the initial budget rather than rely on additional funding via supplementary packages.
Prime Minister Sanae Takaichi speaks at a Lower House plenary session in Tokyo on Wednesday. Takaichi has described the supplementary budget as being designed to ¡°minimize risks¡± from the increasingly uncertain situation in the Middle East.
JAPAN / Politics
Jun 4, 2026
Lower House passes ?3.11 trillion extra budget to ease Mideast war impacts
The budget will create a new reserve fund to respond to developments in the conflict while aiding impacted energy users and replenishing the existing reserve fund.
Prime Minister Sanae Takaichi¡¯s Cabinet has endorsed a ?3.1 trillion extra budget to fund measures meant to cushion households from inflation tied to Middle East turbulence.
BUSINESS
Jun 3, 2026
Japan unveils ?3.1 trillion extra budget to cushion Mideast impact
While the government has yet to specify the usage of that fund, it is expected to be used initially to cap costs for gasoline.
Russian President Vladimir Putin speaks during a ceremony at the Kremlin in Moscow on Monday.
WORLD / Politics
Jun 2, 2026
Russia finance officials tell Putin war spending is unaffordable
Finance Ministry officials have grown increasingly concerned about the state of Russia¡¯s economy and state budget in recent months.
U.S. Secretary of Defense Pete Hegseth speaks with Defense Minister Shinjiro Koizumi as they arrive for a ministerial roundtable during the Shangri-La Dialogue security summit in Singapore on Saturday.
JAPAN
May 30, 2026
U.S. and Japan defense chiefs agree to accelerate missile coproduction
A key focus of the meeting was a Japanese proposal known as ¡°Operation Supercharge,¡± designed to accelerate joint development and mass production of advanced missile systems.
Kazuhiko Shigetoku, Lower House parliamentary affairs chief of the Centrist Reform Alliance (center, left), and Yoshitaka Saito, Upper House parliamentary affairs chief of the Constitutional Democratic Party of Japan (center, right), meet in parliament on Thursday.
JAPAN / Politics
May 30, 2026
Japan ruling and opposition parties at odds over extra budget
The budget committees of both the upper and lower chambers will each spend one day deliberating the extra budget for the fiscal year that started in April.
U.S. Secretary of Defense Pete Hegseth speaks at the Shangri-La Dialogue security summit in Singapore on Saturday.
JAPAN
May 30, 2026
Hegseth says U.S. has ¡®high expectations¡® for Japan on defense spending
U.S. Defense Secretary Pete Hegseth has delivered a veiled warning to Tokyo, saying that while Japan was ¡°headed in the right direction,¡± more must be done.
Finance Minister Satsuki Katayama
BUSINESS
May 27, 2026
Government to submit draft extra budget for fiscal 2026 on June 3
Totaling over ?3 trillion, the draft extra budget is aimed at increasing reserve funds in light of Middle East tensions.
Prime Minister Sanae Takaichi in parliament on May 20
BUSINESS
May 25, 2026
Takaichi unveils $19 billion extra budget while vowing no extra borrowing
The supplementary ?budget marks a reversal from Takaichi¡¯s previous remarks ruling out ?the need for extra spending.
Prime Minister Sanae Takaichi attends a meeting of the Council on Economic and Fiscal Policy on Friday at the Prime Minister's Office in Tokyo.
BUSINESS
May 23, 2026
Takaichi considering new quota for growth investment
The plan would cover 17 growth areas, including artificial intelligence and semiconductors, to support long-term corporate investments.
Prime Minister Sanae Takaichi speaks during an Upper House budget committee meeting on May 11.
JAPAN / Politics
May 18, 2026
Takaichi calls for extra budget amid Middle East shock
The planned supplementary budget is expected to function as an emergency relief measure rather than a broad economic stimulus program.
Yuichiro Tamaki, leader of the Democratic Party for the People, speaks to reporters last week.
JAPAN / Politics
May 17, 2026
Japan opposition to grill PM on extra budget in leaders¡¯ debate
Opposition parties are set to grill Prime Minister Sanae Takaichi during a party leaders' debate on Wednesday over her delay in preparing an extra budget to combat rising oil prices and inflation.
Finance Minister Satsuki Katayama said an extra budget is not yet necessary, after long-term Japanese government bond yields hit multi-decade highs amid spillover concerns from a spike in U.S. inflation.
BUSINESS / Economy
May 15, 2026
Satsuki Katayama denies need for extra budget as yields rise
The finance minister said that a recent rise in yields on Japanese government bonds is part of a broader global trend.
Yasukazu Hamada (center) speaks at a meeting of the Liberal Democratic Party's Research Commission on Security on Wednesday at the party's headquarters in Tokyo.
JAPAN / Politics
May 14, 2026
Japan¡¯s ruling LDP may consider spending up to 5% of GDP on security
A further increase in security spending is among issues set to be discussed as part of a plan to revise Japan¡¯s three key security-related documents this year.
Han Kuo-yu, the speaker of Taiwan's parliament, announces the approval of a $25 billion special defense spending bill in Taipei on Friday.
ASIA PACIFIC
May 9, 2026
After months of wrangling, Taiwan lawmakers OK $25 billion defense spending bill
The spending, which opposition lawmakers say will be used for U.S. weapons, falls well short of the government¡¯s proposed budget of nearly $40 billion.
Yuichiro Tamaki, head of opposition party the Democratic Party for the People, says the government should present a five-year road map toward achieving a primary surplus by around 2030.
BUSINESS / Economy
Apr 20, 2026
Japan¡¯s opposition DPP presses for 5-year road map to primary surplus
Democratic Party for the People leader Yuichiro Tamaki said that while a deficit is acceptable in the near term, Japan should aim for a surplus by around 2030.
Defense Minister Shinjiro Koizumi speaks during a news conference at the Defense Ministry in Tokyo on April 8.
JAPAN
Apr 18, 2026
Japan¡¯s defense spending to reach 1.9% of GDP this fiscal year
Defense-related spending in the fiscal year through March 2027 would total ?10.6 billion, approaching the gold standard 2% of GDP level.
Olivier Blanchard, former chief economist at the International Monetary Fund, speaks at a meeting of the Japanese government¡¯s Council on Economic and Fiscal Policy at the Prime Minister¡¯s Office in Tokyo, on March 26.
BUSINESS / Economy
Apr 16, 2026
Takaichi¡¯s economic ambitions meet interest-rate realities and doubts about debt
The math is looking less favorable with the war in the Middle East fueling inflation and the BOJ ready to make a move.
Magnitude 7.2 quake hits northern Japan
A screenshot of the Japan Meteorological Agency website shows the seismic intensity of Thursday morning's earthquake.
Double barrage of storms to hit Japan this week
A map depicting the paths of Typhoon Mekkhala and Tropical Storm Higos
Two Japanese held in China for allegedly smuggling export-restricted goods
Chief Cabinet Secretary Minoru Kihara speaks during a news conference on Wednesday at the Prime Minister's Office in Tokyo.
Masayoshi Son dismisses Musk¡¯s idea for orbital data centers
SoftBank founder Masayoshi Son dismissed the idea of space-based data centers, arguing that the AI race will be won by computing power on Earth.
Japanese companies get serious about workplace DEI
People working in human resources departments participate in a workshop in Tokyo in January. The participants played a card game in which they took on roles of people with various disabilities.
Remembering the wrestlers who rarely make the headlines
Tsurugisho throws salt at a one-day sumo event at the Kokugikan in Tokyo in February 2020.
China¡¯s mineral squeeze testing Japan¡¯s military buildup
Samples of rare earth luminescent materials displayed at an exhibition on China¡¯s manufacturing achievements at the National Museum in Beijing in March
Stepping up, not aside: Japan¡¯s retirement-age tour guides
Yoichi Miura (third from left) now divides his time between his import business and guiding international visitors across Japan.
Japan-South Korea detente persists ¡ª but breakthrough remains elusive
While Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung have kept relations from sliding backward, experts say they have struggled to turn stability into concrete steps forward.
Japan¡¯s AI goldrush faces backlash as data centers sprout up in urban areas
Erin and Munekazu Tanikawa look out from their balcony at the construction site of a planned 52-meter-tall data center that would dominate their surroundings, in the city of Inzai, Chiba Prefecture, last month.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo¡¯s Shinjuku Ward.
Kabukicho: Tokyo¡¯s ¡®stadium of desire¡¯

Longform

Social camouflaging can help neurodivergent people navigate social situations, but researchers say the effort often comes with significant emotional and mental strain.
The challenge of being neurodivergent in Japan¡¯s culture of conformity
By Tomoko Otake

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