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Japan PM Takaichi's economic package

Japan PM Takaichi's economic package

Japanese Prime Minister Sanae Takaichi holds a press conference at the prime minister's office in Tokyo on Nov. 21, 2025, following the government's approval of a massive economic package worth 21.3 trillion yen ($135 billion).

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Japan parliament enacts FY 2025 budget

Japan parliament enacts FY 2025 budget

Japanese Prime Minister Shigeru Ishiba meets the press at his office in Tokyo on March 31, 2025, after the Diet enacts a record 115.20 trillion yen ($770 billion) budget for the fiscal 2025.

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Japan parliament enacts FY 2025 budget

Japan parliament enacts FY 2025 budget

Japanese Prime Minister Shigeru Ishiba meets the press at his office in Tokyo on March 31, 2025, after the Diet enacts a record 115.20 trillion yen ($770 billion) budget for the fiscal 2025.

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Japan parliament enacts FY 2025 budget

Japan parliament enacts FY 2025 budget

Japanese Prime Minister Shigeru Ishiba (far R, front row) bows as the Diet enacts a record 115.20 trillion yen ($770 billion) budget for the fiscal 2025 with its passage through the House of Councillors plenary session in Tokyo on March 31, 2025.

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Japan parliament enacts FY 2025 budget

Japan parliament enacts FY 2025 budget

Japanese Prime Minister Shigeru Ishiba (R) bows as the Diet enacts a record 115.20 trillion yen ($770 billion) budget for the fiscal 2025 with its passage through the House of Councillors plenary session in Tokyo on March 31, 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan enacts 13.9 tril. yen extra budget

Japan enacts 13.9 tril. yen extra budget

Japan's parliament enacts a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japan enacts 13.9 tril. yen extra budget

Japan's parliament enacts a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japan enacts 13.9 tril. yen extra budget

Japanese Prime Minister Shigeru Ishiba bows as the parliament enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japan enacts 13.9 tril. yen extra budget

Japanese Prime Minister Shigeru Ishiba bows as the parliament enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan gov't OKs 13.9 tril. yen extra budget

Japan gov't OKs 13.9 tril. yen extra budget

Japanese Finance Minister Katsunobu Kato holds a press conference in Tokyo on Nov. 29, 2024, after the government approved a 13.9 trillion yen ($92.6 billion) supplementary budget for the fiscal year through March.

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Japan gov't OKs 13.9 tril. yen extra budget

Japan gov't OKs 13.9 tril. yen extra budget

Japanese Finance Minister Katsunobu Kato holds a press conference in Tokyo on Nov. 29, 2024, after the government approved a 13.9 trillion yen ($92.6 billion) supplementary budget for the fiscal year through March.

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US: Airport Fire Expands In Southern California, Destroys Homes 3

Airport Fire burning in Orange and Riverside Counties, Southern California has grown to more than 23,000 acres as of Wednesday morning, September 11. The fire injured at least seven people and destroyed homes.

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Japan's net external assets hit record 3 tln USD in 2023

STORY: Japan's net external assets hit record 3 tln USD in 2023 SHOOTING TIME: May 28, 2024 DATELINE: May 28, 2024 LENGTH: 0:01:52 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's net external assets rose to a record 471.31 trillion yen (3 trillion U.S. dollars) in 2023, up 12.2 percent from a year earlier, as a weak yen inflated the value of foreign stocks, bonds, and other holdings in yen terms, government data showed Tuesday. With the figure increasing for a sixth straight year, Japan retained its position as the world's largest creditor for the 33rd straight year in yen terms, followed by Germany and China as of the end of 2023, according to the Ministry of Finance. Gross external assets, held by the Japanese government, companies and individual investors, rose 11.1 percent to 1,488.34 trillion yen, while external debt went up 10.6 percent to 1,017.04 trillion yen, the ministry said. The yen was 7.0 percent weaker against the U.S. dollar in

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Honda to spend 10 tril. yen on EVs

Honda to spend 10 tril. yen on EVs

Honda Motor Co. CEO Toshihiro Mibe speaks at a press conference in Tokyo on May 16, 2024, to announce the Japanese automaker's plan to boost its investment in electric vehicle technology to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.

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Honda to spend 10 tril. yen on EVs

Honda to spend 10 tril. yen on EVs

Honda Motor Co. CEO Toshihiro Mibe speaks at a press conference in Tokyo on May 16, 2024, to announce the Japanese automaker's plan to boost its investment in electric vehicle technology to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.

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Honda to spend 10 tril. yen on EVs

Honda to spend 10 tril. yen on EVs

Honda Motor Co. CEO Toshihiro Mibe speaks at a press conference in Tokyo on May 16, 2024, to announce the Japanese automaker's plan to boost its investment in electric vehicle technology to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.

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Toyota logs record net profit in fiscal 2023

STORY: Toyota logs record net profit in fiscal 2023 SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:00:56 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of a press conference held by Toyota Motor Corp. STORYLINE: Toyota Motor Corp. said Wednesday it saw a record net profit of 4.94 trillion yen (31.82 billion U.S. dollars) for the fiscal year of 2023, citing robust demand and the yen's depreciation. The figure doubled from the previous fiscal year, while the operating profit almost doubled from a year earlier to 5.35 trillion yen during the fiscal period from April 2023 to March 2024, the company said in its latest financial results. According to local media reports, Toyota became the first Japanese company to top the 5-trillion-yen mark in operating profit for fiscal 2023. The Japanese automaker reported a record 45.1 trillion yen in sales, up 21.4 percent from a year ago. Citing the popularity of hybrid cars, the company said its group vehicle sales, including those of its subsidia

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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

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Japan PM Kishida meets press

Japan PM Kishida meets press

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on March 28, 2024, after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024.

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Japan PM Kishida meets press

Japan PM Kishida meets press

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on March 28, 2024, after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024.

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Japan PM Kishida meets press

Japan PM Kishida meets press

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on March 28, 2024, after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024.

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Japan PM Kishida meets press

Japan PM Kishida meets press

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on March 28, 2024, after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024.

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Japan enacts 112.57 tril. yen budget for FY 2024

Japan enacts 112.57 tril. yen budget for FY 2024

Japanese Prime Minister Fumio Kishida holds a press conference after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024 during an upper house plenary session in Tokyo on March 28, 2024.

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Japan enacts 112.57 tril. yen budget for FY 2024

Japan enacts 112.57 tril. yen budget for FY 2024

Japanese Prime Minister Fumio Kishida (far R) and Finance Minister Shunichi Suzuki (2nd from R) bow after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024 during an upper house plenary session in Tokyo on March 28, 2024.

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Japan enacts 112.57 tril. yen budget for FY 2024

Japan enacts 112.57 tril. yen budget for FY 2024

Japanese Prime Minister Fumio Kishida (front, R) and Finance Minister Shunichi Suzuki (front, L) bow after parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024 during an upper house plenary session in Tokyo on March 28, 2024.

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Japan enacts 112.57 tril. yen budget for FY 2024

Japan enacts 112.57 tril. yen budget for FY 2024

Japan's parliament enacts a 112.57 trillion yen ($744 billion) budget for fiscal 2024 during an upper house plenary session in Tokyo on March 28, 2024.

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Japan lower house passes fiscal 2024 budget

Japan lower house passes fiscal 2024 budget

Japan's House of Representatives approved a 112.57 trillion yen ($750 billion) draft budget for fiscal 2024 at a plenary session in Tokyo on March 2, 2024.

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Japan lower house passes fiscal 2024 budget

Japan lower house passes fiscal 2024 budget

Japan's House of Representatives approved a 112.57 trillion yen ($750 billion) draft budget for fiscal 2024 at a plenary session in Tokyo on March 2, 2024.

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Japan lower house passes fiscal 2024 budget

Japan lower house passes fiscal 2024 budget

Japanese Prime Minister Fumio Kishida bows after the House of Representatives approved a 112.57 trillion yen ($750 billion) draft budget for fiscal 2024 at a plenary session in Tokyo on March 2, 2024.

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Japan's corporate bankruptcies up 35 pct in 2023

STORY: Japan's corporate bankruptcies up 35 pct in 2023 SHOOTING TIME: Earlier footage DATELINE: Jan. 17, 2024 LENGTH: 0:01:31 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of cities in Japan STORYLINE: The number of company bankruptcies in Japan increased by 35 percent in 2023 compared to the previous year due to rising prices and labor costs, a local credit research company has reported. According to a survey conducted by Tokyo Shoko Research Ltd., the number of bankrupt companies in Japan with debts exceeding 10 million yen (about 68,189 U.S. dollars) reached 8,690 in 2023. The total debt of bankrupt companies exceeded 24.026 trillion yen. Small and medium-sized enterprises with fewer employees constitute the majority of bankruptcies, according to the report, noting that the number of companies with debts below 100 million yen accounted for 74.7 percent of the total number of bankruptcies. Companies with debts exceeding 1 billion yen increased by 24 percent compared to the previous

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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

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JAPAN-TOKYO-ECONOMIC PACKAGE-INFLATION

JAPAN-TOKYO-ECONOMIC PACKAGE-INFLATION

(231103) -- TOKYO, Nov. 3, 2023 (Xinhua) -- Japanese Prime Minister Fumio Kishida leaves after a press conference at the prime minister's official residence in Tokyo, Japan, Nov. 2, 2023. The Japanese government adopted Thursday an economic package worth over 17 trillion yen (113.33 billion U.S. dollars) as part of its efforts to help households hit by rising prices. TO GO WITH "Japan adopts over 113 bln USD economic package to fight inflation" (Kiyoshi Ota/Pool via Xinhua)

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JAPAN-TOKYO-ECONOMIC PACKAGE-INFLATION

JAPAN-TOKYO-ECONOMIC PACKAGE-INFLATION

(231103) -- TOKYO, Nov. 3, 2023 (Xinhua) -- Japanese Prime Minister Fumio Kishida attends a press conference at the prime minister's official residence in Tokyo, Japan, Nov. 2, 2023. The Japanese government adopted Thursday an economic package worth over 17 trillion yen (113.33 billion U.S. dollars) as part of its efforts to help households hit by rising prices. TO GO WITH "Japan adopts over 113 bln USD economic package to fight inflation" (Kiyoshi Ota/Pool via Xinhua)

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Japan PM Kishida over stimulus package

Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida over stimulus package

Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida over stimulus package

Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida over stimulus package

Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan books 13.6 bln USD current account surplus in April

STORY: Japan books 13.6 bln USD current account surplus in April DATELINE: June 8, 2023 LENGTH: 00:00:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Japan 2. various of city views in Japan STORYLINE: Japan logged a current account surplus of 1.9 trillion yen (13.6 billion U.S. dollars) in April, said a government report on Thursday. According to the Finance Ministry's preliminary information, the figure, in the black for the third consecutive month, was 76.3 percent higher than in the same period last year. According to the ministry, the country saw a goods trade deficit of 113.1 billion yen and a services trade deficit of 646.5 billion yen in the recording period. Imports decreased by 4.1 percent while exports expanded 2.6 percent year on year, the preliminary data showed. The report also said that the primary income, which reflects returns on overseas investments, booked a surplus of 3.07 trillion yen. (1 U.S. dollar equals 139.94 Japanese yen) Xinhua News Agency

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Japan's current account surplus plunges in FY 2022

STORY: Japan's current account surplus plunges in FY 2022 DATELINE: May 12, 2023 LENGTH: 00:00:54 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of ports 3. various of street views in Tokyo STORYLINE: Japan's current account surplus in fiscal year 2022 dived 54 percent from the previous period, owing to a record trade deficit due to price surges in imports and a weaker yen, official data showed on Thursday. According to the finance ministry's preliminary report, the current account surplus in the fiscal period from April 2022 to March 2023 stood at 9.23 trillion yen (68.85 billion U.S. dollars), hitting the lowest level since fiscal 2014. Imports were up 35 percent to 117.68 trillion yen while exports rose 16.3 percent to 99.62 trillion yen, the data showed. The deficit in goods trade widened to 18.06 trillion for the fiscal year, which is regarded by market watchers as the main reason for the country's bleaker balance of payments. As the deficit

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Japan logs record 161.36 bln USD trade deficit for FY 2022

STORY: Japan logs record 161.36 bln USD trade deficit for FY 2022 DATELINE: April 20, 2023 LENGTH: 00:00:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of city views in Tokyo 2. various of port 3. various of factories in Japan STORYLINE: Japan posted a trade deficit of 21.73 trillion yen (161.36 billion U.S. dollars) in fiscal 2022 ending March, marking a new record, the government said in a report on Thursday. According to the Finance Ministry, the country's imports far outpaced exports from a year earlier, with imports leaping 32.2 percent compared to a 15.5 percent increase in exports. For March alone, the Finance Ministry said in its preliminary report that Japan logged a trade deficit of 754.5 billion yen (5.60 billion U.S. dollars). Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

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Japan books 16.6 bln USD current account surplus in February

STORY: Japan books 16.6 bln USD current account surplus in February DATELINE: April 10, 2023 LENGTH: 0:00:47 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Tokyo 2. various of port STORYLINE: Japan logged a current account surplus of 2.2 trillion yen (16.6 billion U.S. dollars) in February, the government said in a report on Monday, back to the black following a deficit in January. According to the Finance Ministry's preliminary information, the figure was 2.3 percent lower than in the same period last year. According to the ministry, the country had a goods trade deficit of 604.1 billion yen (4.56 billion U.S. dollars) and a services trade deficit of 220.4 billion yen (1.66 million U.S. dollars), among key components in the recording period. Imports and exports expanded 9.8 percent and 4.5 percent year on year, respectively, the preliminary data showed. The report also showed that the primary income, which reflects returns on overseas investments, booked a surplus o

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Japan enacts record-high budget amid political, public backlash to soaring defense outlays

STORY: Japan enacts record-high budget amid political, public backlash to soaring defense outlays DATELINE: March 29, 2023 LENGTH: 0:00:46 LOCATION: Tokyo CATEGORY: POLITICS SHOTLIST: 1. various of people protesting against rising defence outlays STORYLINE: Japan's parliament on Tuesday enacted a record 114.38 trillion yen (874.77 billion U.S. dollar) budget for fiscal 2023, including record allocations for controversial defense spending plans amid political and public opposition and against a backdrop of the country's dire fiscal health. The government's budget includes a record 6.82 trillion yen (52.15 billion dollars) in defense spending, a 20 percent hike and the highest on record, for the first year of a controversial and unprecedented five-year spending plan. The five-year plan has drawn staunch criticism from the public, opposition parties and scholars, in no small part due to the plan running contrary to Japan's constitutionally-bound pacifist stance. For the year from April, non-tax re

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JAPAN-TOKYO-FISCAL 2023-BUDGET

JAPAN-TOKYO-FISCAL 2023-BUDGET

(230328) -- TOKYO, March 28, 2023 (Xinhua) -- People participate in a protest against the government's defense spending plans in Tokyo, Japan, March 28, 2023. Japan's parliament on Tuesday enacted a record 114.38 trillion yen (874.77 billion U.S. dollar) budget for fiscal 2023, including record allocations for controversial defense spending plans amid political and public opposition and against a backdrop of the country's dire fiscal health. (Xinhua/Jiang Qiaomei)

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JAPAN-TOKYO-FISCAL 2023-BUDGET

JAPAN-TOKYO-FISCAL 2023-BUDGET

(230328) -- TOKYO, March 28, 2023 (Xinhua) -- People participate in a protest against the government's defense spending plans in Tokyo, Japan, March 28, 2023. Japan's parliament on Tuesday enacted a record 114.38 trillion yen (874.77 billion U.S. dollar) budget for fiscal 2023, including record allocations for controversial defense spending plans amid political and public opposition and against a backdrop of the country's dire fiscal health. (Xinhua/Jiang Qiaomei)

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Japan supermarket sales drop for first time in 8 months

STORY: Japan supermarket sales drop for first time in 8 months DATELINE: March 25, 2023 LENGTH: 00:01:14 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Supermarket sales in Japan fell for the first time in eight months in February as food prices continue to soar, according to the latest industry data. According to the Japan Chain Stores Association, sales at major stores across the country totaled about 1 trillion yen (about 7.6 billion U.S. dollars) last month, down 2 percent in yen terms from the previous year. Food sales, accounting for nearly 70 percent of the total, fell 1.7 percent, the association said, while sales of clothing and cosmetics rose as people went out more as the COVID-19 pandemic subsides. Officials at the association said that consumers are buying less per shopping trip as they are becoming more cost-conscious and thrifty amid rising food prices. Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

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Japan's lower house approves record 836.9 bln USD budget for FY 2023

STORY: Japan's lower house approves record 836.9 bln USD budget for FY 2023 DATELINE: March 1, 2023 LENGTH: 00:01:11 LOCATION: Tokyo CATEGORY: ECONOMY/MILITARY SHOTLIST: 1. various of Japan's lower house of parliament 2. various of protest against the record defense spending STORYLINE: Japan's lower house of parliament on Tuesday approved a record 114.38 trillion yen (836.9 billion U.S. dollars) budget for fiscal year 2023, with record allocations made for social security costs while controversial defense spending has been factored in despite the country's grim fiscal health. A record 36.89 trillion yen (269.81 billion U.S. dollars), the largest amount ever, has been included in the budget for ballooning social security costs in a bid to deal with Japan's rapidly aging population. The government's budget also includes 6.82 trillion yen (49.88 billion U.S. dollars) in defense spending. This is part of the government's plans to bolster its defensive capabilities, with the broader five-year plan d

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