Business Dec 2, 2018

Japan to extend tax cuts for sales of inherited houses

Japan's government and ruling bloc are considering extending tax breaks for those who sell houses they inherited from their parents by four years until the end 2023, sources have said. The tax cut extension is aimed at helping shore up real estate trading and preventing ...

Revenue for Abe's LDP overwhelms other political parties in Japan

National / Politics Nov 30, 2018

Revenue for Abe's LDP overwhelms other political parties in Japan

Prime Minister Shinzo Abe's Liberal Democratic Party booked ¥25.86 billion ($228 million) in revenue for 2017, by far the largest among Japanese political parties, government data showed Friday. The main opposition Constitutional Democratic Party of Japan, set up in October last year, reported ¥1.25 billion, ...

World Nov 26, 2018

Japan may extend tax deduction period for housing loan users

The government and the Liberal Democratic Party-led ruling camp are considering extending the tax incentive program for housing loan borrowers, in a bid to cushion the impact from next October's rise in the consumption tax, according to informed sources. The discussion is focused on a ...

National / Politics Nov 17, 2018

Work on Japan's new defense guidelines to focus on missiles, cyberattacks

The ruling coalition will focus on addressing threats posed by ballistic missiles, cyberattacks and electromagnetic attacks when revising the national defense program guidelines, a senior official said. "North Korea has improved its ballistic missile capabilities," former Defense Minister Itsunori Onodera told reporters Fridya after the ...