Trusts for grandchildren's education prove popular in Japan
Jiji Press -- Apr 05
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.

Source: Jiji Press
Jan 28
The Islamic State group posted a new video with a still image of Japanese hostage Kenji Goto on Tuesday night, with the voice of a man warning there are only 24 hours left to save the lives of both Goto and a Jordanian air force pilot who is also being held by the group. (Japan Times)
Jan 27
The last surviving hagatsuo striped bonito kept in a tank at Tokyo Sea Life Park in Edogawa Ward, Tokyo, has died, the aquarium said Monday. (The Japan News)
Jan 27
Japanese communications giant NTT has been appointed by Tokyo Olympic organizers as the first domestic sponsor for the 2020 event. (NHK)
Jan 26
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Jan 26
Tokyo Metropolitan Police on Monday the arrest of a former organized crime member for the sale of stimulant drugs to musician Aska two years ago, reports Nippon News Network (Jan. 26). (Tokyo Reporter)
Jan 27
Fukuoka Prefectural Police on Monday took the acting chairman of the Kudo-kai organized crime group into custody for allegedly blackmailing the owner of a building, reports the Yommiuri Shimbun (Jan. 26). (Tokyo Reporter)
Jan 27
Crown Prince Naruhito met Saudi Arabia's new King Salman in the Saudi capital of Riyadh on Sunday and expressed his condolences over the death of King Abdullah, who passed away on Friday. (The Japan News)
Jan 27
A fire drill was conducted at Horyuji temple, a UNESCO World Heritage site in Ikaruga, Nara Prefecture, on Monday, which was Cultural Property Fire Prevention Day. About 100 personnel participated, including temple priests and local firemen. (The Japan News)
Jan 26
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Jan 26
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Jan 26
A 26-year-old Osaka policeman was arrested Sunday on suspicion of murdering his 23-year-old girlfriend. (Japan Today)
Jan 26
Police in Sukumo, Kochi Prefecture, said Monday they have arrested a 95-year-old man on suspicion of killing his 88-year-old wife by hitting her with a cane. (Japan Today)
Jan 25
Police in Chiba said Saturday they have arrested a 57-year-old man on suspicion of poking a needle into bread at a convenience store on Jan 14. (Japan Today)
Jan 24
Police in Fukaya, Saitama Prefecture, said Friday they have arrested a 17-year-old boy on suspicion of killing his 73-year-old grandfather with whom he lived. (Japan Today)
Jan 24
The Public Security Examination Commission decided Friday to extend the surveillance period for two groups deriving from the Aum Shinrikyo doomsday cult for three more years. (Jiji Press)