Society

Japan OKs extra budget to spend record 175 tril. yen in FY 2020 amid COVID

Dec 16 (Kyodo) - Japan's Cabinet approved a 21.84 trillion yen ($210 billion) extra budget on Tuesday, bringing its total spending for fiscal 2020 to a record high of 175.69 trillion yen, as it grapples to ensure the coronavirus-stricken economy stays on a recovery track.

The third supplementary budget for the financial year through March, earmarking 19.18 trillion yen to finance additional economic measures, entails new government bond issuance worth 22.40 trillion yen.

As a result, Japan's total new debt issuance for the year is set to also hit an all-time high of over 112.55 trillion yen, more than double the previous record of 51.95 trillion yen marked in fiscal 2009 following the global financial crisis.

Together with the two extra budgets, the formulation of the third supplementary budget will increase Japan's total annual spending by more than 70 percent from the initial budget of 102.66 trillion yen, fueling concern over a further deterioration in its fiscal health, the worst among major developed nations.

Source: ANNnewsCH

Takaichi Becomes Japan’s First Female Prime Minister

A new chapter opened in Japan’s political history on October 21st as Sanae Takaichi was elected the nation’s first female prime minister. Following her appointment by the Diet, Takaichi declared that her new cabinet would be one of “decision and progress,” pledging to move swiftly on policies from the very first day.

Typhoon No. 24 (Fung-shen) Strengthens Over South China Sea, Heavy Rain Forecast For Japan

Typhoon No. 24 (Fung-shen) is strengthening over the South China Sea and is expected to make landfall in Vietnam later this week, according to forecasts. Satellite images on October 201st show extensive cloud coverage over the central South China Sea. After passing over the Philippines, Fung-shen temporarily weakened but is projected to intensify again as it continues westward through Tuesday.

Tourist Graffiti Threatens Kyoto’s Iconic Bamboo Forest

Kyoto’s world-famous Arashiyama district, a popular destination for both domestic and international tourists, is facing a growing problem of graffiti etched into the bamboo along its iconic “Bamboo Grove Path,” with more than 350 stalks now damaged — a practice that experts warn could eventually cause bamboo to weaken, fall, and even injure visitors.

Japanese Streaming Services Struggle Against Netflix

Japan’s streaming industry is under growing pressure as foreign giants tighten their grip on the domestic market, with Netflix’s latest move to secure exclusive broadcast rights in Japan for every game of the World Baseball Classic next March highlighting the widening gap.

Japan Tightens Rules on Foreign Business Visas

Investigators from the Immigration Services Agency conducted on-site inspections in Osaka on October 14th amid a surge in so-called 'paper companies' created by foreign nationals seeking residency.

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Guinness-Recognized Fireworks Photo Removed After One Complaint

A photograph of fireworks soaring above the Edo River in Chiba’s Ichikawa City — forming what looked like a glowing Mount Fuji — was taken down from city hall just one day after being displayed, following a single citizen complaint.

Mako Komuro Appears in Six-Page Town & Country Feature

The October issue of the long-established American lifestyle magazine Town & Country features Mako Komuro, the eldest daughter of the Akishino family, on the cover under the headline "Princess Ingognito," dedicating a six-page spread to Komuro and her husband Kei, exploring their life in the United States.