Mounting student debt may cost society dearly

| Jan 23, 2016

Mounting student debt may cost society dearly

The education ministry conducted a survey in 2014 of institutes of higher learning and found that the average yearly tuition for private universities was ¥864,384. In addition, the average “entry fee” (nyūgakukin) was ¥261,089. Adding other expenses, the ministry estimated it cost a student ...

Getting a high rise out of dodging taxes

| Jan 2, 2016

Getting a high rise out of dodging taxes

About a year ago, we talked about using real estate purchases to lower inheritance and gift taxes. Obviously, people who are able to take advantage of these schemes are already well off — the average person doesn’t have to worry about paying inheritance taxes ...

<em>Aota-uri</em>: 'green' condominiums to be wary of

| Dec 5, 2015

Aota-uri: 'green' condominiums to be wary of

Each year between 1990, when Japan’s asset bubble burst, and the 2007 recession, about 200,000 new condominium units were added to Japan’s housing stock. After 2007, the number dropped to about 100,000, but, depending on the year, anywhere from 50,000 to 70,000 of these ...

Not-so-friendly neighborhood associations

| Oct 31, 2015

Not-so-friendly neighborhood associations

When the U.S. military took charge following Japan’s surrender in 1945, one of the first things it did was ban jichikai, or community associations. The thinking was that these organizations had carried out the work of the military government at the neighborhood level and ...