News On Japan

Cabinet decides growth plan

Jun 10, 2017 (NHK) - Japan's government has set out its policy goals for managing the economy. This year's blueprint focuses on boosting productivity by investing in human resources.

The cabinet's reform charter notes the environment is improving for income and employment. But it says the economy is saddled with sluggish potential growth and what it calls "declining vitality" of the middle class.

It says the government will be looking at ways to introduce free preschool education and end the need for waiting lists at day-care centers.

The government is also setting its sights on free education at universities and vocational schools.

On the fiscal front, the government is sticking to its target of achieving a primary balance surplus by fiscal 2020.

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Large Typhoon No. 25 was moving northwest over waters south of Japan at 3 p.m. on September 19 and is forecast to strengthen as it approaches Kanto and the Izu Islands from September 20 through September 21, bringing the risk of torrential rain, violent winds and further damage in areas still recovering from last year's typhoon.

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Starbucks is considering selling a majority stake in its Japanese business, potentially valued at as much as $3 billion, or about 470 billion yen, as the U.S. coffee chain seeks to concentrate management resources on its struggling North American operations.

Japan's Halloween Jumbo Lottery went on sale nationwide on September 16, offering a combined top payout of 400 million yen for the first prize and its adjacent-number prizes.

A new top-tier "Supreme Class" offering fully private compartments above the level of Green Car service will debut on the Tokaido and Sanyo Shinkansen on October 1, with passengers able to experience the new seating at a demonstration booth at Shin-Osaka Station.

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