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July 16, 2024
 

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TAXES

Japan Finance Corp.'s branch in the Shinjuku district of Tokyo. Government-affiliated financial institutions provided a total of ¥21.87 trillion in special loans between January 2020 and March this year.
JAPAN / Politics
Nov 8, 2023
COVID loans worth ¥69.7 billion can't be repaid, report shows
The report by the Board of Audit of Japan also showed that the government wasted ¥58.02 billion of taxpayer money on 344 projects in fiscal 2022.
In some cases, it's up to individual foreign residents to understand the unique tax implications of their home countries and Japan in order to avoid a penny-pinching retirement.
COMMUNITY / How-tos / Age Wise
Nov 5, 2023
Retiring in Japan? Be prepared to foot your own bills.
“In an ideal world, everyone should have retirement planning on their radar as soon as possible when working life begins.”
Prime Minister Fumio Kishida holds a news conference about a new economic stimulus package in Tokyo on Thursday.
BUSINESS
Nov 2, 2023
Kishida unveils ¥17 trillion stimulus package amid pushback
A supplementary budget proposal — worth a total of ¥13.1 trillion — to back the package will be submitted to parliament in the upcoming weeks.
Prime Minister Fumio Kishida chats with Finance Minister Shunichi Suzuki (left) in a parliamentary session in October.
BUSINESS / Economy / FOCUS
Nov 2, 2023
Kishida distances himself from panel report backing tax overhaul
The advisory panel's medium-term reform proposal could mean higher taxes for salaried workers.
Fortnite is estimated to be played by over 400 million people worldwide.
JAPAN
Nov 1, 2023
Fortnite developer fails to report ¥30 billion in revenue in Japan
The problem, which lasted for three years to December 2020, was uncovered in an investigation.
Prime Minister Fumio Kishida holds his glasses during an Upper House Budget Committee session in Tokyo on Wednesday.
JAPAN / Politics
Nov 1, 2023
Hotly debated tax cuts risk backfiring on Kishida administration
When Kishida announced plans to cut income and residence taxes to ease the hit from inflation, there was a chorus of skepticism rather than joy.
Prime Minister Fumio Kishida answers questions at a Lower House Budget Committee session on Monday.
JAPAN / Politics
Oct 30, 2023
Kishida says tax hike and tax cut policies ‘don’t contradict’
“An (income tax cut) is a temporary measure until wages increase to a level that can cover rising prices," the prime minister said.
Prime Minister Fumio Kishida replies to questions at Friday's budget committee session at the Diet in Tokyo.
JAPAN / Politics
Oct 27, 2023
Amid scrutiny, Kishida emphasizes tax cuts to pull out from deflation
The Constitutional Democratic Party of Japan has heavily criticized the government for its belated response to rising inflation.
Prime Minister Fumio Kishida speaks at a meeting of government and ruling party officials at the Prime Minister's Office on Thursday.
BUSINESS / Economy
Oct 26, 2023
Kishida seeks detailed tax cut plan, eyes ¥40,000 per person
Kishida's Cabinet is expected to formalize the economic package on Nov. 2.
Households are unlikely to start feeling the benefits of any possible income tax cut until around next summer at the earliest.
BUSINESS / Economy
Oct 25, 2023
Government floats ¥40,000 income tax cut to ease inflation pain
Households would start feeling the benefits around next summer at the earliest.
Prime Minister Fumio Kishida listens as Constitutional Democratic Party of Japan chief Kenta Izumi speaks in parliament in Tokyo on Tuesday.
JAPAN / Politics
Oct 24, 2023
Tough questions for Kishida in parliament over spending plans
Japan’s main opposition party began its scrutiny of Kishida's economic stimulus package as the country struggles with inflation and stagnant wages.
Members of the Ground Self-Defense Force disembark from a CH-47 Chinook helicopter during a live fire exercise in Gotemba, Shizuoka Prefecture, in May 2022.
COMMENTARY / Japan
Oct 23, 2023
Kishida's proposed tax cuts put higher defense spending on hold
The plan to raise defense spending partly through tax hikes has been put on ice. In fact, it was never likely to deliver fast results.
Prime Minister Fumio Kishida delivers a policy speech during an extraordinary session of parliament in Tokyo on Monday.
JAPAN / Politics
Oct 23, 2023
The economy takes center stage in Kishida’s policy speech
"'The economy, the economy, the economy.’ I will focus my attention on the economy more than anything else,” Kishida said in opening remarks.
Prime Minister Fumio Kishida visits a supermarket in Tokyo to check the impact of price hikes, on Monday.
BUSINESS
Oct 20, 2023
Kishida asks ruling coalition to consider income tax cut
The prime minister is seeking to make the cut a key feature of an inflation-relief package that his Cabinet plans to formalize on Nov. 2.
Prime Minister Fumio Kishida speaks to reporters at the Prime Minister's Office on Tuesday.
BUSINESS
Oct 18, 2023
Kishida to vow to consider returning tax funds amid rising prices
Japan's tax revenue reached ¥71.14 trillion for the 2022 fiscal year, hitting a record high for the third consecutive year.
Prime Minister Fumio Kishida at the Liberal Democratic Party headquarters on Tuesday in Tokyo
BUSINESS / Economy / FOCUS
Oct 12, 2023
Why are ruling party lawmakers calling for tax cuts?
As the prime minister prepares for a new economic stimulus package, it's members of his own party who are raising a fuss.
From happōshu to real beer, Japan’s tax changes aim to improve brewing quality and prices.
COMMENTARY / Japan
Oct 6, 2023
Amid rising costs, why is Japan making beer cheaper?
A 350-milliliter can of brew costs drinkers about ¥7 (5 cents) less from October, thanks to changes in the country’s tax system.
A website offering gifts for the furusato nōzei hometown tax program
JAPAN
Oct 1, 2023
Japan hometown tax changes mean donors getting less bang for buck
Local authorities must now keep the total value of gifts and other costs — including shipping fees — below 50% of the donations they receive.
Prices of over 4,500 food items are set to increase in October, with the number falling by half when compared with a year ago, but still adding to the pain already felt by consumers.
JAPAN
Sep 29, 2023
Price hikes and tax-related rule changes await Japan in October
The persisting effects of a weaker yen, which inflates the prices of imported raw materials, are largely blamed for the price hikes.
The new invoice system, which goes into effect Oct. 1, is forcing many freelancers in Japan to choose between raising their prices or suffer a 10% loss in revenue.
COMMUNITY / How-tos
Sep 25, 2023
Freelancers aren’t happy with Japan’s new invoice system
For many freelancers and small businesses, the result will amount to a 10% increase in taxes.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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