Despite criticism from the central government, Tokyo Gov. Shintaro Ishihara took another step Thursday toward levying a 3 percent tax on banks by briefing party representatives of the Tokyo Metropolitan Assembly.
To go into effect, the proposal must be approved by the assembly during its regular session, slated to begin February 23.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.