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.
E-cigarettes contain up to 10 times the amount of cancer-causing agents as regular tobacco, Japanese scientists said Thursday (Nov 27), the latest blow to an invention once heralded as less harmful than smoking. (channelnewsasia.com)
A Japanese reporter indicted on charges of defaming South Korean President Park Geun Hye in an article about her whereabouts during April's deadly ferry disaster pleaded not guilty at a preliminary hearing Thursday at the Seoul Central District Court. (Kyodo)
Otsu District Court turned down demands Thursday from local residents to block the restart of four nuclear reactors at Kansai Electric Power Co.'s <9503> Oi and Takahama power stations in Fukui Prefecture, central Japan. (Jiji Press)
Police have arrested a 47-year-old man on arson and attempted murder charges after he attempted to set a hospital on fire in Hachioji, Tokyo, by throwing Molotov cocktails against walls inside the building. (Japan Today)
The Utsunomiya District Court in Tochigi Prefecture on Wednesday convicted two men over the illegal disposal of a body after they dumped the body of a young woman in a cardboard box near a quarry in Sano on Aug 4. (Japan Today)