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April 29, 2024
 

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WEALTH

Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
JAPAN / Society
Apr 26, 2024
Japan wants you to spend more with ‘luxury tourism’
The country is looking to nudge affluent tourists to lesser-known destinations with the offer of unique experiences of culture, craftsmanship and nature.
The financial center of Panama City, Panama, in 2019. Starting Monday, 27 people will be tried over charges connected to the "Panama Papers" case.
WORLD / Crime & Legal
Apr 8, 2024
'Panama Papers' trial to begin eight years after tax scandal
Twenty-seven people have been charged with money laundering in connection with the tax evasion scandal.
High-end tourism is becoming more about the kinds of experiences that Japan's lesser-known places can provide.
LIFE / Travel / Longform
Mar 25, 2024
Can Japan lure the jet-set class off the beaten path?
High-end travelers are looking for sustainability, wellness and adventure when they head abroad. Japan hopes to deliver in places other than Tokyo.
Travel agents from Thailand make matcha tea in the town of Wazuka, Kyoto Prefecture, on Feb. 27, during a tourism promotion program organized by the Kansai Bureau of the Ministry of Economy, Trade and Industry.
JAPAN
Mar 20, 2024
Japan hoping wealthy Asians will visit rural areas near 2025 expo
While Japan sees the expo as a chance to attract foreign tourists, the event has yet to gain recognition.
Attendees listen as Fernando Haddad, Brazil's finance minister, speaks virtually during the Group of 20 finance ministers and central bank governors meeting in Sao Paulo on Wednesday.
WORLD / Politics
Feb 29, 2024
Brazil urges 'new globalization' at G20 meet overshadowed by Ukraine
The meeting will lay the economic policy groundwork for the annual G20 leaders' summit to be held in November.
People walk past the Trump Building after a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York state for three years, in New York City on Friday.
WORLD / Politics
Feb 17, 2024
Trump keeps New York empire intact as judge rescinds asset-sale order
Former U.S. President Donald Trump was banned from doing business in New York for three years and ordered to pay $354 million for lying about his wealth.
Amazon CEO And Blue Origin Founder Jeff Bezos
BUSINESS / Companies
Feb 14, 2024
Jeff Bezos sells $4 billion of Amazon stock, avoiding $288 million levy
Moving to Florida, after Washington imposed a 7% gains tax, the world’s second-richest person offloaded 24 million shares over just four trading days.
Elon Musk
BUSINESS / Companies
Jan 31, 2024
Musk’s $55 billion Tesla pay package struck down, threatening status
Worth some $51.1 billion, Musk's Tesla options were one of his most valuable assets. Without them his net worth would drop to $154.3 billion.
Farmers protest against the government's planned cuts to agricultural sector subsides in Brandenburg, Germany, on Jan. 10.
COMMENTARY / World
Jan 17, 2024
Why Germany is rich but Germans are poor and angry
Germany's polarization peaks as the country's divided society faces economic turmoil.
Instead of hoping seats are free and scrambling to find luggage space on the shinkansen, what if you could fly charter across Japan on your next trip instead?
LIFE / Travel
Jan 13, 2024
Can charter flights connect rich tourists with rural Japan?
The tours, which fly to cities in western, central and northern Japan, will be priced from around ¥1.5 million per person for a group of four people staying two nights.
The home of the National Tax Agency in Tokyo
JAPAN
Nov 23, 2023
Undeclared income of Japan's wealthy hits record high
By occupation, business management consultants hid ¥33.67 million per person, topping the list of income concealers for the second year in a row.
A new study challenges conventional wisdom on income inequality and questions if the top 1% are really pulling away.
COMMENTARY / World
Nov 21, 2023
America’s top 1% don’t make as much as you might think
A new study challenges conventional wisdom on income inequality and questions if the top 1% are really pulling away.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023
Exclusivity the name of the game as firms target China's wealthiest
Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
Petr Aven in Moscow to attend Russia Business week in in 2018
WORLD / Crime & Legal
Nov 1, 2023
Squeezed by sanctions, some oligarchs head home to Putin's Russia
The penalties have destroyed the standing of many wealthy Russians abroad who remained silent or avoided direct criticism of Putin over the war.
The possibility of tourists being able to skip the Tokyo traffic and get to Mount Fuji in 30 minutes, by private helicopter to Kawaguchiko in Yamaguchi Prefecture, has been suggested.
BUSINESS
Oct 17, 2023
Japan targets ultrarich travelers to boost regional revival
Luxury travelers offer an opportunity for lesser-known destinations to showcase their unique culture, some in the industry have said.
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad. Sometimes, they’re responding to the lure of China’s potential. Other times, it’s the alienation they feel overseas.
ASIA PACIFIC / Politics
Sep 22, 2023
China’s wealthy youth flock home as tensions with U.S. rise
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad.
Many of the wealthy in Japan are becoming more keen to park their cash in private assets like equity, credit and real estate that aren't traded in public markets.
BUSINESS
Sep 20, 2023
Brokers tap demand for private assets among Japan's wealthy
Private assets are booming globally after decades-high inflation and rapid interest-rate hikes weighed on both shares and bonds.
The AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion.
BUSINESS / Tech
Sep 8, 2023
Morgan Stanley to launch AI chatbot to woo wealthy
The bank will roll out a generative artificial intelligence bot this month, developed with the makers of ChatGPT, OpenAI
Over the last decade, the attention given to falling income and wealth inequality has been tiny, creating a view of the issue that may be seriously out of date.
COMMENTARY / World
Aug 29, 2023
We should concentrate on fighting poverty, not income inequality
Wealth inequality has recently gone down in the U.S. and the West, and the decline has been going on for the better part of the last decade.
While privilege may always exist to some extent, efforts can be made to create a more equitable and humane society.
COMMENTARY / World
Aug 29, 2023
We can move toward a post-privilege era. Who’s in first?
Privilege should be earned and shared, and it's not something that can be confined to a quiet street or an isolated island.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
In Japan, regional revitalization fails to halt population decline
Sakiyama elementary school in Tamba, Hyogo Prefecture, in March .Over the past decade, the government has directed efforts toward policies designed to give young people incentives to base themselves in rural areas.
Putin’s war will soon reach Russians’ tax bills
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

When trying to trace your lineage in Japan, the "koseki" is the most important form of document you'll encounter.
Climbing the branches of a Japanese family tree
By Alex K.T. Martin

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