News On Japan
Politics
TOKYO - Prime Minister Sanae Takaichi moved on August 28 to contain market concern over her government’s spending plans, saying Japan will aim to cap new government bond issuance at around 40 trillion yen in the fiscal 2027 budget while still pursuing food-tax relief, growth investment and measures to support households facing higher prices.
Image of Takaichi Bond Cap Tests Fiscal Credibility As BOJ Pressure Builds

Japan has drawn up a new policy package aimed at strengthening energy security in response to developments in the Middle East, including support for alternative oil pipelines that would bypass the Strait of Hormuz and greater use of nuclear power to reduce dependence on fossil fuels.

Former Fukuoka Prefectural Assembly speaker Isao Kuranouchi, long regarded as the dominant power in the chamber, resigned as an assembly member on August 25, intensifying scrutiny of allegations involving financial transactions, costly overseas inspection trips and policies backed by public funds while raising broader questions about how he accumulated such influence.

Japan's Digital Agency launched a new smartphone app on August 25 that combines identity verification and administrative procedures, allowing users to access both government and participating private-sector services through a single application.

Prime Minister Takaichi said the government will continue using subsidies to keep the nationwide average gasoline price at around 170 yen per liter, drawing on reserve funds set aside to respond to developments in the Middle East.

The Japanese government plans to reuse low-radioactivity soil generated by decontamination work after the Fukushima nuclear accident at government office complexes in Saitama and Sendai, marking the first such reuse outside Tokyo.

Japan's GX Promotion Organization has invested about 3 billion yen in two startups developing nuclear fusion and plastic recycling technologies, with combined public and private investment expected to reach around 20 billion yen as the government seeks to accelerate the commercialization of advanced decarbonization technologies.