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.
Sharp Corp. and Hon Hai Precison Industry Co. on Friday signed a contract granting the Taiwan electronics giant preferential rights to negotiate over a bailout plan for the struggling Japanese company. (the-japan-news.com)
Japan and Iran signed a bilateral investment pact Friday in a move aimed at helping Japanese firms do business in the resource-rich country amid intensifying foreign competition for its market access. (Kyodo)
Police referred a 16-year-old high school student to prosecutors on Friday on suspicion of using software on other people's computers to obtain the online account details of several hundred people, including records of their online shopping. (Japan Times)
Author Victor Hugo once said, "Virtue has a veil, vice a mask," but what if Japanese, contemporary, and fetish masks are your vice? You'll want to check out Tokyo Mask Festival Vol. 2! (rocketnews24.com)
Wakayama Prefectural Police have arrest of two members of the Takumi-gumi organized crime group for the robbery of a jewelry store in Wakayama City two years ago, reports Wakayama Broadcasting System (Feb. 4). (Tokyo Reporter)
Three years ago, documentary filmmaker Stephen Kijak had never heard of a band called X Japan. Most Americans hadn't either, even with more than 20 million albums sold around the world, but Kijak was intrigued. (latimes.com)