Japanese trust products designed to allow gift tax exemptions for grandparents' donations to cover the educational costs of their grandchildren have enjoyed higher popularity than expected since their launch in April 2013.
The total amount of such donations put in trust is likely to top one trillion yen by the end of 2015, when the temporary tax exemptions expire, a top official at the Trust Companies Association in Japan said.
The Japanese government decided the tax exemptions for donations of up to 15 million yen for such education expenses as part of tax system reforms for fiscal 2013.
Supermarkets in Japan have been rationing butter since spring because of a shortfall in raw milk production. Now, there's concern there won't be enough for the crucial holiday baking season. (usatoday.com)
Japan supports a U.S. move to identify North Korea as the culprit behind the recent hacking of Sony Pictures Entertainment Inc., the top government spokesman said Monday, criticizing the attack as a grave national security issue. (Kyodo)
Christmas Eve surpasses Valentine's Day as the romantic dinner event for Japanese couples, but viewed as a socioeconomic read on Japan, the celebration highlights two major problems the country faces: low wages and low birth rates. (cnbc.com)
A man found a body Sunday evening in the Atsugi, Kanagawa Prefecture, apartment of his younger, 58-year-old brother after the landlord alerted him that his sibling had failed to pay the rent. (Japan Times)
Sales of special Suica cards to commemorate the 100th anniversary of the opening of Tokyo Station were canceled soon after they began Saturday, as a large crowd of people flooded the area. (The Japan News)
The Niigata prefectural government started clearing a section of National Highway Route 405 in Tsunan in the prefecture on Friday, after a landslide mixed with snow blocked off about 50 meters of the road the night before. (The Japan News)
The Chiba Public Safety Commission has banned a 29-year-old man from Matsudo, Chiba Prefecture, from riding a bicycle for 90 days, after he was found guilty of cycling under the influence of "kiken" quasi-legal drugs. (Japan Times)