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.
The Thai man who admitted to killing Yoshinori Shimato, a 79-year-old Japanese teacher who had been missing since late September, has confessed to killing another Japanese man, a Thai police official said Friday. (Japan Times)
Trade chiefs from 12 countries involved in an ambitious Pacific free trade initiative started a three-day meeting Saturday in Sydney in a bid to make progress toward a U.S.-proposed goal of reaching a deal by year-end. (Kyodo)
Japan will check the recent travel histories of all people arriving at international airports in the country to identify those who have visited Ebola-affected West African countries, the health ministry said Friday. (The Japan News)
The government said Friday it has chosen Nobel physics prize laureates Shuji Nakamura and Hiroshi Amano and five others as this year's winners of Japan's top cultural award, the Order of Culture. (Kyodo)