Japan's government ministries will make budget requests totalling a record 99.2 trillion yen ($1.02 trillion) for the fiscal year from next April, sources familiar with the figures told Reuters, adding to its already strained public finances.
Prime Minister Shinzo Abe is struggling to balance the need for economic stimulus and the need to rein in the country's public debt, which is double the size of its GDP - the heaviest such burden among the industrialised nations.
The budget requests, which must all be submitted by Friday, compare with 92.6 trillion yen earmarked for this fiscal year.
The Ministry of Finance in recent years has typically trimmed the requested total by several trillion yen when it prepares its draft budget in December.
The process is complicated this year, however, as no ceiling has been set for the budget draft due to a pending sales tax increase, while Abe's government faces pressure for more spending to stimulate the economy.
The strong earthquake that rocked central Japan on Saturday shifted the skiing city of Hakuba in Nagano prefecture southeast by almost one foot, according to the government's mapping agency. (Wall Street Journal)
Japan's transport ministry last week set up a special task force to deal with air bag-related recalls and has urged automakers to speed up replacements of potentially defective Takata-made air bag inflators, Transport Minister Akihiro Ohta said on Tuesday. (Reuters)
The fraudulent composer once dubbed "Japan's Beethoven" is facing a lawsuit over the cancellation of his tour after it emerged he lied about his work and relied on a ghostwriter, reports said Tuesday.
Police in Asahikawa, Hokkaido, said Tuesday that around 16,000 New Year greeting cards ("nengajo") have been stolen from 26 Lawson convenience stores. Security cameras have captured footage of two men who are believed to be the thieves. (Japan Today)
Murder suspect Chisako Kakehi invested most of the about Y1 billion she inherited from her spouses and lovers in futures trading and other financial products over the past few years, The Yomiuri Shimbun has learned from investigative sources. (The Japan News)