Japan to Use 980 Billion Yen in Emergency Funds on Energy Subsidies

TOKYO, Aug 28 (News On Japan) - The Japanese government has decided to allocate nearly the entire 1 trillion yen contingency fund from this fiscal year's budget to cover subsidies for electricity, gas, and gasoline prices that have been resumed and extended.

As part of measures to counter rising prices, the government has restarted subsidies for electricity and gas bills starting this month, which will continue for three months. Additionally, subsidies for gasoline prices are planned to be extended until the end of the year.

It has been confirmed that the government plans to spend approximately ¥980 billion from the Y1 trillion contingency fund set aside in this fiscal year's budget to cover the additional costs of these measures. While this will deplete most of the contingency fund, the decision is expected to be finalized at a Cabinet meeting on September 3.

Initially introduced as a temporary measure to mitigate the impact of sudden price changes, these subsidies have been repeatedly extended, with more than Y10 trillion already spent.

Source: TBS

Nissan to Cut 9,000 Jobs, Focuses Layoffs on Production Sites

Nissan Motor is implementing a workforce reduction plan involving 9,000 employees, with over 70% of the cuts concentrated in production sites, according to a JNN investigation.

Tokyo Cedar Pollen Season Starts Record Early Since 1985

Cedar pollen dispersal in Tokyo began on January 8th, marking the earliest start since monitoring began in 1985, according to the Tokyo Metropolitan Government.

Japanese Lunar Lander Resilience Launched From Kennedy Space Center

A rocket carrying the lunar lander developed by Japanese space venture ispace was successfully launched from the Kennedy Space Center in the United States.

Foreign visitors to Japan hit record high in 2024

The number of foreign visitors to Japan hit an all-time high last year, topping the annual record set before the coronavirus pandemic. Spending by tourists also reached a record high. (NHK)

Michelin-Star Chef's Exclusive Film Menu

Last month, Chef Kei Kobayashi, the first Asian to earn three Michelin stars in Paris, supervised dishes for the film "Grand Maison Paris." His restaurant in Paris, as well as five branded establishments in Japan, was featured in a special interview. Kobayashi proposed 20 to 30 menu items for the movie, with several dishes now being offered in Japan for a limited time, including a 5,500-yen course at his Gotemba restaurant.

MEDIA CHANNELS

MORE Politics NEWS

Emperor Congratulates Trump Ahead of Inauguration Ceremony

Emperor Naruhito has sent a congratulatory message to U.S. President-elect Donald Trump ahead of his inauguration ceremony.

Defense Minister Joins Training as 11 Nations Gather

The Ground Self-Defense Force's First Airborne Brigade held its annual "First Parachute Training" exercise at the Narashino Training Ground in Chiba Prefecture, where Defense Minister Nakatanit also took part in the drills.

Japan’s push for a dual-use defence startup ecosystem

Japan is revolutionising its defence innovation by creating a dual-use startup ecosystem that integrates civilian technologies into defence research. (East Asia Forum)

Japan to remain 3rd largest financial contributor to UN in 2025-27

Japan is set to shoulder over 6.9 percent of the total financial contributions by member countries to support the United Nations from 2025 to 2027. It remains the third largest contributor following the United States and China, with the latter's share rising to almost on par with the US. (NHK)

Tsubasa Party Leader Released on Bail, Denies Election Obstruction Charges

The Tokyo District Court has granted bail to Atsuhiko Kurokawa, the leader of 'Tsubasa Party,' and other party members, including Secretary-General Ryosuke Nemoto.

Hyogo Governor Saito Under Criminal Investigation

A criminal complaint against Hyogo Governor Saito and a PR firm representative over alleged violations of the Public Offices Election Act has been accepted by investigative authorities, it was revealed.

Japan, UK, Italy Announce New Company for Fighter Jet Program

On December 13th, it was announced that a new joint venture will be established to advance the collaborative development of the next-generation fighter jet involving Japan, the United Kingdom, and Italy.

Japan's New Energy Policy Aims to Promote Nuclear

The government is revising its energy policy framework for the first time in three years. Since the Great East Japan Earthquake, the policy has included a commitment to "reduce dependency on nuclear power as much as possible." However, it has been revealed that discussions are underway to remove this wording.

< 2 3 4 5 >