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 Board of Governors of the Academy of Motion Picture Arts and Sciences said Thursday it has picked anime director Hayao Miyazaki as one of three recipients of its Honorary Award this year. (Japan Times)
The National Police Agency and Ministry of Internal Affairs and Communications plan to assign an extra 3,000 officers over the next three years to deal with stalking and bank transfer fraud cases which are increasing. (Japan Today)
A Japanese district court ordered Tokyo Electric Power Co. on Tuesday to pay some 49 million yen in compensation over the suicide of an evacuee from the March 2011 nuclear accident at the company's Fukushima No. 1 power plant. (Jiji Press)