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.
Poisonous mushrooms mistakenly sold at a highway rest area in Takashima, Shiga Prefecture, have caused food poisoning to at least two people, the Shiga Prefectural Government said Sunday. (Japan Times)
Shanghai raised a "yellow" warning for rains and strong winds, the third highest of four levels, as Tropical Storm Fung-Wong approached the city after leaving at least a dozen dead in the Philippines and Taiwan. (Bloomberg)
Tokyo Metrpolitan Police on Monday arrested two suspects, including a former organized crime member, on drug charges inside an apartment in Shinjuku Ward, reports Nippon News Network (Sept. 22). (Tokyo Reporter)
Two vending machines were torched and the money taken from them in Tokyo's Katsushika Ward on Saturday morning, bringing to 19 the number of vending machines which have been destroyed by fire in the area since Sept 15. (Japan Today)
Police in Tokyo said Friday they are looking for a man who sprayed a 17-year-old girl with a liquid resembling paint thinner as she walked home on Wednesday night-the third such incident to occur in the area since last month. (Japan Today)