Japan's FY 2025 primary fiscal deficit put at 2.4 trillion yen
Jiji -- Jul 10
Japan expects a primary budget deficit of 2.4 trillion yen in fiscal 2025, even if the country's economy grows by 3 pct or higher annually in nominal terms without adjustment with prices, a Cabinet Office estimate showed Monday.

The estimated deficit amount, which is 0.3 pct of the nation's nominal gross domestic product, under the "high growth" scenario is less than the previous projection of 3.8 trillion yen made in January this year, thanks to tax revenue growth.

The government agency submitted the deficit projection as part of its revised medium- to long-term fiscal estimates at a meeting of the Economic and Fiscal Policy Council the same day.

The red-ink forecast for the new target year for achieving a primary budget surplus suggests that the government needs to step up fiscal consolidation efforts, critics said.

The primary budget surplus means that government revenue, mostly tax income, exceeds policy spending, with debt financing and debt-servicing costs excluded.

内閣府は中長期の財政に関する試算を示し、今より高い経済成長率を見込んでも基礎的財政収支の黒字化には2兆円余り足りないことが分かりました。 内閣府は9日の経済財政諮問会議で2027年度までの経済財政に関する試算を提示しました。
News sources: Jiji, ANNnewsCH
Nov 15
Between 260,000 and 340,000 foreign workers are estimated to flow into Japan in the five years from next April through an envisioned immigration control law revision aimed at dealing with the country's serious labor crunch, government sources said Tuesday. (Japan Today)
Nov 15
Japan's economy contracted for the first time in 2 quarters. Government officials say a string of natural disasters in the period dented exports and consumer spending. (NHK)
Nov 14
For the first time in almost three decades the Salt Industry Center of Japan has announced it will raise the price on many of its products by around 15 percent, indicating inflation has finally arrived in at least some industries. (Japan Times)
Nov 10
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. (Japan Times)
Nov 05
Japan's government-affiliated financial institution says the 4 major natural disasters that hit the country this year are expected to have a negative impact on the country's economy of more than 10 billion dollars. (NHK)
Nov 04
Missing: A tiny island off Hokkaido. Or so authorities fear, prompting plans for a survey to determine if the outcrop has been washed away, ever so slightly shrinking the country’s territorial waters. (Japan Times)
Nov 01
Japanese consumer goods companies are increasing investment in factories at home, with an eye to exporting to China and other Asian markets where "Made in Japan" products have cachet. (Nikkei)
Nov 01
Japanese farmers expressed concern Wednesday about an expected influx of imports and other effects of a trans-Pacific free trade agreement led by Japan that is set to enter into force on Dec. 30. (Kyodo)
Oct 31
Job availability in Japan improved to a fresh 44-year high in September as companies sought to ramp up hiring, government data showed Tuesday. (Japan Today)
Oct 30
India and Japan on Monday inked a $75 billion bilateral currency swap agreement which should bring greater stability to foreign exchange and capital markets in Asia's third largest economy. (Nikkei)