Japan OKs FY 2024 budget, defense spending reaches new high

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Japan OKs FY 2024 budget, defense spending reaches new high

STORY: Japan OKs FY 2024 budget, defense spending reaches new high SHOOTING TIME: Earlier footage DATELINE: Dec. 24, 2023 LENGTH: 0:01:48 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of cities in Japan 2. various of Japanese military exercises 3. various of Okinawa Self-Defense Force Military Base (taken on November 27 and 28, 2023) STORYLINE: The Japanese government on Friday adopted a draft budget of 112.07 trillion yen (about 787 billion U.S. dollars) for fiscal year 2024, with defense spending hitting an all-time high for the 10th straight year. The figure approved by the cabinet for the fiscal period from April 2024 to March 2025 marked the first drop in 12 years amid shrinking emergency funding related to COVID-19. The budget, although smaller than the record 114.38 trillion yen allocated for the current business year to March, is still the second-largest, underscoring the urgency for debt-ridden Japan to rein in spending and restore its fiscal health, national news agency Kyodo reported

  • Product Code
  • ILEA002122359
  • Registered date
  • 2023/12/24 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 115.38(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Kenya allocates 30 mln USD for flood response as death toll reaches 70

    STORY: Kenya allocates 30 mln USD for flood response as death toll reaches 70 SHOOTING TIME: April 25, 2024 DATELINE: April 27, 2024 LENGTH: 00:01:22 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various of floods stricken areas STORYLINE: Kenya has allocated 4 billion shillings (about 30 million U.S. dollars) for immediate response to the devastating flooding caused by heavy rains in several parts of the country, Deputy President Rigathi Gachagua said Friday. The government has intensified efforts to mitigate disasters resulting from the ongoing enhanced rains and floods, despite the meteorological department's warning of continued heavy rainfall for the next three days, Gachagua said. Since the onset of the heavy rainfall, 70 people have lost their lives, 22 have been injured and eight are missing, according to Gachagua. He added that 131,179 people have been affected by the rains, with contingency plans in place to enhance the coordination of the emergency response. "We are in discussions with the

      Bank of Japan keeps interest rate unchanged, yen sinks below 156

      STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

        Global military spending surges amid conflicts, rising tensions: think tank

        STORY: Global military spending surges amid conflicts, rising tensions: think tank SHOOTING TIME: April 22, 2024 DATELINE: April 23, 2024 LENGTH: 00:01:13 LOCATION: Stockholm CATEGORY: MILITARY SHOTLIST: 1. various of the Stockholm International Peace Research Institute STORYLINE: Global military spending saw its steepest year-on-year increase last year since 2009, amid conflicts, rising tensions and insecurity, a Stockholm-based think tank said on Monday. In its latest report, the Stockholm International Peace Research Institute (SIPRI) said that total global military expenditure reached 2,443 billion U.S. dollars in 2023, an increase of 6.8 percent in real terms from 2022. The United States is the largest global spender. Lorenzo Scarazzato, a researcher at SIPRI's Military Expenditure and Arms Production Program, said that such an unprecedented rise in military spending is a direct response to a global deterioration in peace and security. While countries are prioritizing military strength, they r

          Philippines, U.S. kick off largest-ever joint military drills amid criticism

          STORY: Philippines, U.S. kick off largest-ever joint military drills amid criticism SHOOTING TIME: April 22, 2024 DATELINE: April 22, 2024 LENGTH: 0:02:09 LOCATION: Manila CATEGORY: POLITICS/MILITARY SHOTLIST: 1. various of the opening ceremony 2. various of the protest 3. SOUNDBITE (English): ANNA MALINDOG-UY, Vice president of the Asian Century Philippines Strategic Studies Institute STORY: More than 16,700 Philippine and U.S. troops started their largest-ever annual joint military drills on Monday amid criticisms that the drills threaten regional peace and stability. According to the Philippine military, the 19-day exercises, dubbed "Balikatan 2024," will involve around 5,000 Philippine and 11,000 U.S. troops, making it the largest iteration of the Philippines-U.S. joint drills conducted in decades. Contingents from the Australian Defense Force and, for the first time in Balikatan's history, the French Navy will also join the exercise as participants. A total of 14 nations, including Japan and In

            Latest on Middle East: Explosions heard in Iran's central Isfahan province

            STORY: Latest on Middle East: Explosions heard in Iran's central Isfahan province SHOOTING TIME: April 19, 2024 DATELINE: April 20, 2024 LENGTH: 0:00:58 LOCATION: Tehran CATEGORY: POLITICS/MILITARY SHOTLIST: 1. STANDUP (English): LI JUN, Xinhua correspondent in Tehran STORYLINE: STANDUP (English): LI JUN, Xinhua correspondent in Tehran "Three explosions have been heard northeast of Iran's central Isfahan province, the semi-official Fars news agency reported on Friday. The official Islamic Republic News Agency (IRNA) reported that Iran activated its air defense system over several cities. Iranian Army's Chief Commander Mousavi said on Friday that the explosions heard in the central province of Isfahan (earlier) were due to the shooting down of a number of 'flying objects' by the country's air defense. Restrictions imposed on Friday morning on the operation of a number of airports in several Iranian cities including Tehran, Isfahan, and Shiraz have been lifted, (IRNA said.) 'There was no damage to Iran's nuc

              Japan logs trade deficit of 38 bln USD in fiscal 2023

              STORY: Japan logs trade deficit of 38 bln USD in fiscal 2023 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:55 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's trade deficit in fiscal 2023 shrank around 70 percent from a year earlier to 5.89 trillion yen (about 38 billion U.S. dollars), government data showed Wednesday. In the fiscal year ended March, exports expanded 3.7 percent to 102.90 trillion yen, topping 100 trillion yen for the first time and marking a record high for the third straight year, according to a preliminary Finance Ministry report. Automobile exports, which account for about 17 percent of Japan's total, grew 30.2 percent to 17.88 trillion yen, eclipsing the previous record of 14.67 trillion yen in fiscal 2007. In contrast, imports dived 10.3 percent to 108.79 trillion yen, falling for the first time in three years, chiefly reflecting falls in imports of coal and liquefied natural gas. With a weaker yen inflati

                Chinese economy in Q1 shows consolidated recovery momentum

                STORY: Chinese economy in Q1 shows consolidated recovery momentum SHOOTING TIME: Earlier footage DATELINE: April 16, 2024 LENGTH: 0:00:54 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China 3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region STORYLINE: China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday. The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed. On a quarterly basis, the economy increased 1.6 percent in the first three months. Many business leaders have hailed the consolidated recovery momentum of China's economy in the first quarter of this year. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in

                  Swedish economy expected to remain sluggish: gov't

                  STORY: Swedish economy expected to remain sluggish: gov't SHOOTING TIME: April 15, 2024 DATELINE: April 16, 2024 LENGTH: 00:01:10 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (credit: Government Offices of Sweden) 2. various of Stockholm's streets 3. various of the press conference (credit: Government Offices of Sweden) 4. various of Stockholm's Central Station STORYLINE: The Swedish economy is expected to remain sluggish with rising unemployment, the government said when presenting its spring amendment budget on Monday. The economy is expected to remain slow until 2025 with the gross domestic product expected to grow by 0.7 percent this year and 2.5 percent in 2025, the government said in a press release. Meanwhile, unemployment is expected to climb up from 7.7 percent in 2023 to 8.3 percent this year, the press release said. The spending package totaling 17.3 billion kronor (1.6 billion U.S. dollars) is considerably bigger than the 4 billion announced in

                    Cable car accident kills 1, wounds 17 in Türkiye's Antalya

                    STORY: Cable car accident kills 1, wounds 17 in Türkiye's Antalya SHOOTING TIME: April 13, 2024 DATELINE: April 14, 2024 LENGTH: 00:00:51 LOCATION: ANTALYA, Türkiye CATEGORY: SOCIETY SHOTLIST: 1. various of the cable car accident site in Antalya and rescue efforts (courtesy of Ihlas news agency) STORYLINE: One person was killed and 17 others injured late Friday when a cable car smashed into a pole in Türkiye's southern resort province of Antalya, the country's Health Minister Fahrettin Koca said Saturday. The injured have been subsequently hospitalized, the health minister said on social media platform X. Dozens of people were stranded in mid-air in many other pods for hours because the entire system had to be shut down by local authorities. A total of 137 people have been rescued, the semi-official Anadolu Agency reported, noting the individual killed was a 54-year-old Turkish man and that among the injured were two children. Emergency service workers were still on-site on Saturday afternoon to rescue

                      Japan's population falls below 125 million

                      STORY: Japan's population falls below 125 million SHOOTING TIME: Earlier footage DATELINE: April 13, 2024 LENGTH: 00:00:46 LOCATION: Tokyo CATEGORY: SOCIETY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's population, including non-Japanese residents, fell by 595,000, or 0.48 percent, from a year earlier to 124,352,000 as of Oct. 1, 2023, down for the 13th consecutive year, government data showed Friday. The population of Japanese nationals dropped by 837,000, or 0.69 percent, to 121,193,000, marking the steepest fall since comparable data became available in 1950, according to a demographic survey by the Ministry of Internal Affairs and Communications. The number of people aged 75 or above rose 713,000 to about 20.08 million, topping the 20 million mark for the first time, while those aged from zero to 14 fell 329,000 to about 14.17 million, or 11.4 percent of the total population, the lowest ever, data showed. Meanwhile, the foreign national population gained by 243,000 to about 3.16 mi