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November 21, 2024
 

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Japan tax cuts

Democratic Party for the People head Yuichiro Tamaki speaks to reporters in Tokyo on Nov. 8.
JAPAN / Politics
DPP leader clashes with governors over tax-free income limit
By Eric Johnston
Prefectural governors fear that raising the ¥1.03 million limit would means less central government tax money for local services.
Prime Minister Shigeru Ishiba at the Prime Minister's Office on Thursday
JAPAN / Politics
LDP eyes larger tax breaks for individual political donations
The move is designed to lower the share of political donations from companies and organizations, which have been subject to public criticism.
Democratic Party for the People chief Yuichiro Tamaki wants to the tax-free annual income ceiling raised to ¥1.78 million ($11,410).
BUSINESS / Economy
Japan’s key political issue rests on an enduring economic myth
By Kazuaki Nagata
Economists cast doubts on the Democratic Party for the People's push for raising the tax-free income threshold — its key demand to the ruling coalition for its support.
Itsunori Onodera (center), policy chief of the ruling Liberal Democratic Party (LDP), told a TV program that the government should consider raising the threshold for income tax exemption but also discuss how to make up for expected falls in tax revenue.
JAPAN / Politics
Ruling and opposition blocs affirm need to review ¥1.03 million barrier
Officials from the LDP, Komeito and opposition parties all pointed to a need to raise the income threshold.
Liberal Democratic Party policy chief Itsunori Onodera (right) and his Democratic Party for the People counterpart, Makoto Hamaguchi, meet in Tokyo on Friday to discuss policies their parties could potentially agree on.
JAPAN / Politics
LDP between a rock and a hard place in struggle to get DPP support
By Kanako Takahara and Himari Semans
The opposition party wants to raise the threshold for tax exemptions from the current ¥1.03 million ($6,740), a move that would cost the government tax revenues.
Shigeru Ishiba speaks at a supporters meeting in Tokyo on Aug. 30.
JAPAN / Politics
Taxes and political reform in focus in upcoming LDP campaign
By Gabriele Ninivaggi
The candidates’ recipes to put the economy back on track after decades of low growth are varied, with some emphasizing redistribution and others promising no tax hikes.
Liberal Democratic Party Secretary-General Toshimitsu Motegi announces his candidacy for leadership of the party in Tokyo on Wednesday.
JAPAN / Politics
In leadership bid, LDP Secretary-General Motegi says no tax hikes
By Gabriele Ninivaggi
He pledges to tackle Japan’s sluggish economy without increasing the burden on taxpayers and abolish the contentious "funds for political activities."
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
Honda hopes to double EV driving range with solid-state batteries
Iwao Hakamata at his home in Hamamatsu, Shizuoka Prefecture, in October. The former boxer was acquitted of a 1966 quadruple murder in September after a retrial.
Central Japan's chief prosecutor to apologize in person to Iwao Hakamata

Deep Dive Features

A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
Honda hopes to double EV driving range with solid-state batteries
Iwao Hakamata at his home in Hamamatsu, Shizuoka Prefecture, in October. The former boxer was acquitted of a 1966 quadruple murder in September after a retrial.
Central Japan's chief prosecutor to apologize in person to Iwao Hakamata

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