Japan's Defense Ministry said on Friday it was seeking a three percent increase in next year's budget allocation, the biggest rise in 22 years, with most of the growth linked to revised personnel costs and equipment imports made more expensive by a weaker yen.
The budget request for the year from April 2014 comes as Japan remains locked in a territorial spat with China over uninhabited East China Sea islets, fraying ties between Asia's two biggest economies and raising security concerns.
Saddled with hefty public debt, Japan had been cutting its defense spending in recent years. But Prime Minister Shinzo Abe, who returned to power last December for a rare second term pledging to stand tough in the islands row, increased this year's defense budget for the first time in 11 years.
The ministry said it planned to request 4.82 trillion yen ($48.97 billion) in budget appropriations, up 3.0 percent from the current year.
The Japanese Bankers Association said Thursday the banking industry will launch a settlement system to allow instant fund transfers between banks 24 hours a day all year round in Japan from 2018. (Jiji Press)
The Chiba Public Safety Commission has banned a 29-year-old man from Matsudo, Chiba Prefecture, from riding a bicycle for 90 days, after he was found guilty of cycling under the influence of "kiken" quasi-legal drugs. (Japan Times)
Heavy snow caused a power outage along parts of the Joetsu Shinkansen Line for about six hours on Sunday morning, leaving some 300 passengers trapped in a bullet train for 2½ hours near the mountainous southern border of Niigata Prefecture. (Japan Times)