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April 25, 2025
 

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TAXES

Scott Bessent
WORLD / Politics
Apr 19, 2025
Bessent replaces acting IRS commissioner in power struggle with Musk
The move came hours after a report that Bessent approached President Donald Trump to complain that Musk had gone around him to get his pick appointed.
A vegetable stand displays prices at a supermarket in Tokyo in 2023. Some lawmakers are proposing lowering the consumption tax on food to 0%, which is expected to result in a loss of up to ¥5 trillion in tax revenue annually.
JAPAN / Politics
Apr 18, 2025
LDP and CDP lawmaker groups propose 0% consumption tax on food
Reducing the tax to 0% is expected to result in a loss of up to ¥5 trillion in tax revenue annually.
Former CDP executive Kenji Eda discusses a possible reduction of the consumption tax rate, in Tokyo on April 10.
JAPAN / Politics
Apr 17, 2025
CDP divisions over proposed tax cut pose headache for Yoshihiko Noda
The nation’s largest opposition party is preparing for the Upper House poll in July, in which it hopes to win enough seats to make a CDP-led coalition government possible.
Liberal Democratic Party policy chief Itsunori Onodera addresses a party meeting to discuss measures to cope with U.S. tariffs, held at the party's headquarters in Tokyo on Thursday.
JAPAN / Politics
Apr 13, 2025
LDP and CDP officials voice caution over tax cut
The CDP's Kazuhiko Shigetoku said that his party has only begun discussions on the consumption tax.
The Liberal Democratic Party and Komeito are increasingly divided over economic measures to deal with inflation and U.S. tariffs.
JAPAN / Politics
Apr 12, 2025
Ruling coalition divided over consumption tax cut
While some are leaning toward a tax cut, LDP Secretary-General Hiroshi Moriyama and others are seeking a cash handout instead.
Constitutional Democratic Party of Japan leader Yoshihiko Noda speaks during a news conference Friday afternoon at the Diet building in Tokyo.
JAPAN / Politics
Apr 12, 2025
CDP kicks off discussions on cutting consumption tax
While party leader Yoshihiko Noda has been cautious, calls for a cut are growing within the party, especially in light of U.S. President Donald Trump's onerous tariff policies.
Prime Minister Shigeru Ishiba gives instructions to Economic Revitalization Minister Ryosei Akazawa (third from left) and others at the Prime Minister's Office on Friday.
BUSINESS / Economy
Apr 11, 2025
Japan braces for talks on yen and BOJ in trade negotiations with U.S.
Ryosei Akazawa, who is heading the task force, is reportedly set to meet U.S. Treasury Secretary Scott Bessent next week.
The Osaka tax bureau found ¥1.3 billion in unreported income as Kawasaki Heavy Industries pooled funds through fictitious transactions related to repair contracts for MSDF submarines.
BUSINESS / Companies
Apr 8, 2025
Kawasaki Heavy hit with ¥1 billion in back taxes over MSDF scandal
The defense contractor was found to have wined and dined Maritime Self-Defense Force personnel.
Leaders of ruling and opposition political parties meet Friday at the Diet building in Tokyo.
JAPAN / Politics
Apr 6, 2025
Calls for consumption tax cut increasing in Japan
With food and other prices still rising, even ruling party officials have started to demand consumption tax cuts as a key policy for this summer's elections.
While tariffs and value-added taxes seem similar, a VAT would be a more effective, long-term solution for boosting the U.S. economy.
COMMENTARY / World
Apr 4, 2025
Europe’s VAT hurts the U.S.? Retaliate with a VAT.
Maybe misconceptions about tariffs and trade can be turned to America’s advantage.
Tourists walk past shops and restaurants up the street leading to Kiyomizu Temple in Kyoto. Kyoto plans to raise its maximum accommodation tax to combat overtourism.
JAPAN
Mar 26, 2025
Kyoto to raise maximum hotel tax to ¥10,000
The amount will be the highest among areas using a flat-rate tax system across the country, according to the internal affairs ministry.
Nobuya Fukumoto (far left), a lawyer for the Family Federation for World Peace and Unification, known as the Unification Church, is surrounded by the media at the Tokyo District Court on Tuesday after it ordered the group to be stripped of its religious corporation status.
JAPAN / Crime & Legal
Mar 25, 2025
Tokyo court strips Unification Church of religious corporation status
The order against the group, heavily criticized for its coercive tactics in soliciting donations, removes its tax-exempt status.
While you need to pass over cash for taxes, don't fall for scams that trick you into paying what you don't owe.
LIFE / Language / BILINGUAL
Mar 6, 2025
Scams, taxes and tariffs: It's that time of year.
Financial scams abound in Japan and a new one uses tax-related terminology.
The Lower House Budget Committee votes for the fiscal 2025 budget in Tokyo on Tuesday.
JAPAN / Politics
Mar 4, 2025
Budget clears Lower House in key win for Ishiba
The budget’s approval in the Lower House has long been seen as an indispensable requirement for the survival of the Ishiba administration.
The number of newborns in 2024 fell 5% from the previous year to 720,988, extending a nine-year streak of declines, according to preliminary population data released Thursday by the health ministry.
JAPAN
Feb 27, 2025
Japan records fewest births on record, deepening demographic crisis
The number of newborns in 2024 fell 5% from the previous year to 720,988, extending a nine-year streak of declines.
The city government of Hirosaki, Aomori Prefecture, used corporate donations to create a volunteer tour, during which participants help farmers harvest apples and enjoy sightseeing in the city.
JAPAN / FOCUS
Feb 20, 2025
Corporate hometown donations gain traction in Japan
Some local governments have been found to provide de facto rewards to donor companies, violating the system's rules and raising concerns about improper practices.
DPP tax chair Motohisa Furukawa speaks during a meeting of the party's tax committee in Tokyo on Wednesday.
JAPAN / Politics
Feb 19, 2025
Debate over income tax threshold reform hits roadblock with new LDP proposal
Neither Komeito, the ruling coalition's junior partner, nor the opposition Democratic Party for the People supported the LDP's new income tax plan.
The Tokyo Regional Taxation Bureau found the tax nonpayment after asking information, such as a list of companies, from the tax authorities of Singapore based on the Japan-Singapore tax treaty and analyzing the collected data.
JAPAN
Feb 18, 2025
Tokyo tax bureau seizes ¥1.8 billion from Hong Kong game firm over unpaid tax
The company, which operated its Mafia City online game via a platform based in Singapore, failed to pay consumption tax associated with revenue from in-game spending.
Elon Musk speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington on Feb. 11.
WORLD
Feb 17, 2025
Musk’s DOGE team seeks access to taxpayer information
The U.S. has strict laws that prohibit the disclosure of taxpayer data, though there are exceptions for law enforcement.
Scott Bessent, then nominee for U.S. treasury secretary, arrives for his confirmation hearing before the Senate Finance Committee on Capitol Hill in Washington on Jan. 16.
BUSINESS / Economy
Jan 28, 2025
Billionaire financier Bessent confirmed as Trump's treasury chief
The new treasury secretary will be the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.
Japan must correct Trump’s false data for trade talks, says Kono
Former Foreign Minister Taro Kono
Japan wants to 'separate' tariff and security issues. That may be tough.
Japan’s chief tariff negotiator, Ryosei Akazawa, poses with a "Make America Great Again" cap at the White House in Washington on April 16.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Naked man’s rampage in Saitama linked to one fatality and 10 injured
Police believe Daisuke Nishimura may have been involved in roughly 20 incidents in the 90 minutes leading up to his arrest, including a fatal hit-and-run and multiple assaults.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.
Cases of epidural use in labor rise in Japan alongside concerns
Of the 721,000 childbirths reported in 2024 in Japan, 13.8% involved the use of an epidural, according to the Japan Association of Obstetricians and Gynecologists.
Nothing sells like Shohei Ohtani, MLB’s marketing megastar
People walk past an advertisement featuring Los Angeles Dodgers two-way star Shohei Ohtani outside Tokyo Dome on March 18.

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