The Asahi Shimbun in February 2017 broke the news that Moritomo Gakuen received a huge discount on its purchase of state-owned land in Toyonaka, Osaka Prefecture, in 2016. Kagoike told the politicians that after the report was published, a Finance Ministry ... ( read original story ...)
Former Japanese finance official Sagawa – no instructions from PM to alter land sale documents
TOKYO (Reuters) - Japan’s Prime Minister Shinzo Abe, his wife, Finance Minister Taro Aso and their top aides did not give instructions to change documents about a land deal at the heart of a suspected cronyism scandal, a former finance ministry official ... ( read original story ...)
Japan ex-MOF official Sagawa: no instructions from PM to alter land sale documents
TOKYO (Reuters) - Former Japanese finance ministry official Nobuhisa Sagawa said on Tuesday that there were no instructions from Prime Minister Shinzo Abe, his wife, Finance Minister Taro Aso or their top aides to alter documents about a murky land deal at ... ( read original story ...)
Kagoike sticks to his guns in interview at detention house
Yasunori Kagoike said his recollections of a remark by the wife of Prime Minister Shinzo Abe, as recorded in a formal Finance Ministry document, were “correct.” Three opposition lawmakers traveled to Osaka on March 23 to interview Kagoike at the Osaka ... ( read original story ...)
Tourists’ unpaid medical bills take toll on Japanese hospitals
TOKYO -- As Japan enjoys booming inbound tourism, hospitals are seeing more cases of nonpayment by foreign travelers who fall ill but lack insurance coverage, prompting an alarmed government to consider a response. According to a 2016 survey by the health ... ( read original story ...)
Nikkei drops to 6-month low on global trade worries
Japan’s Nikkei share average dropped to a six-month low on Monday morning while the yen rose to near a 16-month peak, on persistent worries about a global trade war, although some stocks were in demand before they go ex-dividend this week. The Nikkei ... ( read original story ...)
How one woman opened up Vietnam to Japan’s consumer goods
"Many young Vietnamese dream about running their own businesses, rather than becoming employees and doing what they are told to do," Le said in an interview with the Nikkei Asian Review. Her own goal is to enable her compatriots to enjoy Japanese lifestyle ... ( read original story ...)
From elderly to ‘superelderly’: Japan wrestles with demography
TOKYO -- For decades demographers have warned of the challenges Japan faces in caring for its swelling elderly population. Now the country is entering a new phase, in which the "superelderly," those 75 years old and up, outnumber senior citizens aged ... ( read original story ...)
Japan companies hungry for more business experience on boards
TOKYO -- Japan's listed companies are increasingly eager for people with senior management experience to sit on their boards as outside directors. With large shareholders such as asset managers pressing the companies they invest in to appoint directors ... ( read original story ...)
Pawnshop Sou launches IPO to tap Japan’s luxury item boom
The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bottleneck: Building inventory is tough. Sou Inc. offers a solution: pawnshops dedicated only to buying up secondhand merchandise. ( read original story ...)
Trump’s tariff snub clouds US relations with Japan
TOKYO -- Japan has crafted its diplomatic and economic strategy around the close relationship Prime Minister Shinzo Abe has forged with U.S. President Donald Trump, but it appears those bonds are becoming frayed by trade frictions. "I'll talk to Prime ... ( read original story ...)
Japan flooded with refugee filings by tourists and trainees
TOKYO -- A host of tourists and work trainees in Japan sought refugee status in Japan last year, fueling a jump in applications. The applicant count rose about 80% on the year to 19,629 in Ministry of Justice statistics released Friday -- a record high in ... ( read original story ...)
Nikkei tumbles on trade war fears, machinery firms with China exposure worst hit
TOKYO, March 23 (Reuters) - Japan’s Nikkei share average tumbled on Friday to its lowest level in more than five months as concerns over escalating global trade tensions triggered a spike in the yen, with machinery makers hit particularly hard. ( read original story ...)
Nikkei tumbles on trade war fears, firms with China exposure most hit
TOKYO, March 23 (Reuters) - Japan's Nikkei share average tumbled on Friday to its lowest level since mid-October on concerns over escalating global trade tensions that triggered a spike in the yen. U.S. President Donald Trump signed a presidential ... ( read original story ...)
As Toshiba’s $18 billion chip unit sale faces tight deadline, IPO looms
Japan's Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be missed and that it will seek alternatives such as an IPO. ( read original story ...)
Japan Finance Minister Aso says will closely watch U.S. tariff moves on China
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that he would closely watch the United States’ move to impose tariffs on up to $60 billion of Chinese goods. Aso made the comment just hours after U.S. President Donald Trump signed a ... ( read original story ...)