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.
A drone normally used for aerial photography by broadcaster Tokyo Metropolitan Television Broadcasting Corp (Tokyo MX) was found on the grounds of the British Embassy in Tokyo on April 23, the company admitted Saturday. (Japan Today)
Fukuoka Prefectural Police on Friday took the acting chairman of the Kudo-kai organized crime group into custody for a shooting death that took place seven years ago, reports the Sankei Shimbun (April 24). (Tokyo Reporter)
Robots and dinosaurs mingled with cosplayers as Japan's largest video-sharing website Niconico on Saturday opened its two-day meet-up gala which is expected to attract more than 100,000 fans for the offline get together. (Japan Today)
Survivors and bereaved families of victims on Saturday marked the 10th anniversary of a fatal train derailment in western Japan that took the lives of 107 people, hoping such an accident never happens again. (Kyodo)
Two men, a male teenager and a female teenager are under arrest on suspicion of abducting an 18-year-old teen from Funabashi, Chiba Prefecture, and holding her captive, police said Friday. (Japan Times)
An unusually high level of radiation has been detected at a park in Toshima Ward, Tokyo, the ward office said Thursday, prompting speculation that some kind of material has been buried there. (Japan Times)
Tokyo Metropolitan Police on Wednesday announced the arrest of an organized crime member believed to be behind multiple fraud scams involving fake pregnancy accusations, reports TBS News (April 23). (Tokyo Reporter)
On Thursday, police from five prefectures, including Kyoto, arrested two executives of a company operating live streaming site FC2 Live in Osaka on charges of distribution of obscene material, reports the Sankei Shimbun. (Tokyo Reporter)