
Trump administration asked Japan to increase share of costs of US troops, Asahi Shimbun says
TOKYO, May 29 (Reuters) - The Trump administration asked Japan in early May to increase its share of costs for U.S. troops stationed there, prompting Tokyo to consider boosting facility funding by tens of billions of yen, the Asahi Shimbun reported on Thursday, citing government sources.
The current annual average cost borne by Japan for the stationing of U.S. forces is about 211 billion yen ($1.45 billion).
The Japanese government has started considering an increase in the budget for the construction of facilities provided to U.S. forces stationed in Japan, such as barracks, family housing, administrative buildings and disaster prevention facilities, the Asahi report said.
Asked about the report after meeting with Prime Minister Shigeru Ishiba, Japan's tariff negotiator Ryosei Akazawa said national security and tariff policies are different matters.
However, Akazawa said the purchase of defence equipment would contribute to the U.S. trade surplus, so "in that context, (the subject) could be considered to some extent" in the tariff talks.
Akazawa is scheduled to visit the U.S. on Thursday for another round of tariff negotiations.
($1 = 145.3300 yen)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
an hour ago
- Reuters
Indian beauty products retailer Nykaa's profit surges on demand for premium products
May 30 (Reuters) - Indian beauty products retailer Nykaa, on Friday, posted a fourth-quarter profit that nearly tripled year on year as premium brands continued to attract urban consumers. The company, listed as FSN E-Commerce Ventures ( opens new tab, said its consolidated net profit rose to 202.8 million rupees ($2.4 million) in the quarter, from 69.3 million rupees a year ago. Nykaa's total revenue, over 92% of which comes from its beauty products, jumped nearly 24% to 20.62 billion rupees. Sales of beauty products, including from international brands such as Estee Lauder and singer Rihanna's Fenty Beauty, increased 25% to 18.95 billion. The premium segment in India's $28 billion beauty and personal care industry has defied a broader slowdown in urban consumption as upper middle class and richer consumers continued to splurge on discretionary items. Higher sales of premium products helped Nykaa's gross margins expand by 151 basis points to 44.1% in the quarter. The company's net profit also got a boost from total expenses rising 23%, less than total revenue growth, to 20.31 billion rupees. Revenue from Nykaa's fashion apparel business climbed 11% to 1.61 billion rupees in the quarter. ($1 = 85.5300 Indian rupees)


Reuters
2 hours ago
- Reuters
Indian government's FY25 fiscal deficit in line with projection
MUMBAI, May 30 (Reuters) - India's fiscal deficit (INFISC=ECI), opens new tab for 2024-25 was 4.8% of the gross domestic product (GDP), data released on Friday showed. The fiscal deficit was in line with the government's revised estimate. The Indian government aims to lower the fiscal deficit to 4.4% in the current fiscal year. India's fiscal year runs April through March. For the month of April, the fiscal deficit was 11.9% of the full-year budget estimate. ** Net tax receipts at 30.36 trillion rupees ($354.9 billion) compared with 23.27 trillion rupees in the previous year ** Non-tax revenue at 5.38 trillion rupees compared to 4.02 trillion rupees in the previous year ** Total government expenditure at 46.56 trillion rupees compared to 44.43 trillion rupees in the previous year ** Capital expenditure, or spending on building physical infrastructure, was 10.52 trillion rupees, against 9.49 trillion rupees in the previous year ($1 = 85.5370 Indian rupees)


Reuters
2 hours ago
- Reuters
Indian FY25 fiscal deficit slightly above target
MUMBAI, May 30 (Reuters) - Fiscal deficit (INFISC=ECI), opens new tab for 2024-25 was 100.5% of the fiscal year target, data released on Friday showed. In February, the Indian government set the 2024-25 fiscal deficit target at 4.8% of gross domestic product and aimed to lower it to 4.4% in the current fiscal year. The government did not provide fiscal deficit data as a percentage of the GDP. India's fiscal year runs April through March.