Six ministers who were appointed in a September Cabinet reshuffle have an average of 36 million yen in assets, excluding stockholdings and savings in ordinary deposits, according to a Kyodo News survey based on Diet report released Friday.
The Cabinet minister with the most assets as of Sept. 30 was Environment Minister Shunichi Suzuki with 82 million yen, followed by Sadakazu Tanigaki, chairman of the National Public Safety Commission, with 56 million yen, and farm minister Tadamori Oshima with 32 million yen.
Hiroyuki Hosoda, state minister in charge of issues pertaining to Okinawa and the disputed Russian-held islands off Hokkaido, had 26.2 million yen, Defense Agency chief Shigeru Ishiba had 18.7 million yen and Yoshitada Konoike, state minister in charge of disaster prevention, reported 120,000 yen.
Prime Minister Junichiro Koizumi appointed the new ministers on Sept. 30.
The Kyodo survey excluded stockholdings because it is difficult to calculate their value following a revision in the Commercial Code that abolished per-value capital.
The average value of assets held by all Cabinet ministers when the Koizumi administration took office in April last year was 113 million yen, without counting their stockholdings. Koizumi had 50 million yen in assets as of late April 2001.
The assets include savings in fixed deposits, but exclude those in ordinary deposits.
Koizumi and 11 other Cabinet ministers who retained their posts in the reshuffle did not have to report their assets this time around.
In addition to the reported assets, Suzuki and his wife hold shares in Life Corp., Taisei Corp. and Sompo Japan Insurance Inc. Tanigaki also holds shares in various companies, including Hitachi Ltd., Kirin Beverage Corp., Nippon Steel Corp. and Tokyo Gas Co.
The report also shows Ishiba holds shares in Mitsubishi Heavy Industries Ltd. and Kawasaki Heavy Industries Ltd., which are major defense-related companies. His office explained that Ishiba inherited the shares from his parents and he has not sold or bought any since then.
Konoike holds 96,000 shares in Konoike Construction Co., an Osaka-based contractor.
Twenty senior vice ministers and 24 parliamentary vice ministers who assumed their posts in the reshuffle also released their assets.
The average value of assets held by the 20 senior vice ministers came to 63 million yen. Four have assets exceeding 100 million yen.
Ichiro Kamoshita, senior vice minister at the Health, Labor and Welfare Ministry, had the most assets, at 143 million yen, followed by Senior Vice Foreign Minister Tetsuro Yano with 109 million yen.
The average value of assets held by the 24 parliamentary vice ministers came to 84 million yen, with Matsushige Ono in the education ministry at the top with 668 million yen.
Assets held by five of the 24 exceeded 100 million yen.
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.