National / Politics May 9, 2021
More young Japanese look to Marx amid pandemic and climate crisis
An associate professor at Osaka City University has ignited interest in the German thinker with a books and TV appearances.
World May 4, 2021
Biden tax rule would take billions from biggest fortunes at death
by Caleb Melby and David Kocieniewski
Ending the current practice of stepping up the tax basis of inherited assets and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.
National Apr 22, 2021
Japan's richest people accumulated more wealth over the past year despite the COVID-19 pandemic, with their collective wealth jumping nearly 50%, Forbes Asia reported Thursday. The collective net worth of the country's 50 richest people rose 48% to $249 billion from the previous year, thanks ...
World / Crime & Legal Apr 15, 2021
For victims of Bernie Madoff, 'tragedy goes on’ after scammer’s death
by Erik Larson, Sophie Alexander and Patricia Hurtado
Madoff’s death in prison doesn’t change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished.
Business Apr 13, 2021
Entrepreneur buyer of $69 million digital artwork shines a light on NFT market
Vignesh Sundaresan, who paid a record $69.3 million for Beeple's "Everydays: The First 5,000 Days" looks nothing like a wealthy collector at first glance.
Business / Corporate Apr 12, 2021
Wealthy Japanese flying private in greater numbers, ANA says
by Shiho Takezawa
Due in part to change in habits as a result of virus fears, ANA Holdings Inc.’s private jet charter business is expecting sales of ¥1 billion in the 2022 fiscal year.
Business Apr 7, 2021
SoftBank Group chief Masayoshi Son the richest Japanese: Forbes list
Son ranked 29th among the richest people in the world, with a net worth of $45.4 billion.
Business Mar 27, 2021
COVID-19 cuts jobs and boosts stocks, widening economic gap in Japan
Job losses, especially in the dining and travel industries, have devastated many, while stock and other asset markets are booming on the back of global monetary easing.
World Mar 26, 2021
In 2020 the ultrarich got richer. Now they're bracing for the backlash.
by Brenna Hughes Neghaiwi and Simon Jessop
The plans being discussed by the ultrarich range from philanthropy to shifting money and businesses into trust funds, and relocating to other countries or states with favorable tax regimes.
Business / Corporate Mar 23, 2021
Morgan Stanley doubles down in Japan to back MUFG’s wealth push
The New York-based lender has dispatched Darren Spencer, former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff.
Commentary / World Mar 18, 2021
Tax havens are sabotaging the sustainable development
by Yu Yongding
In 2015, Gabriel Zucman estimated that at least $7.6 trillion of the world’s private wealth was held in tax havens, equivalent to 8% of global household financial assets.
World / Social Issues Mar 6, 2021
Rich Americans got richer as pandemic unfolded, Pew study shows
Many wealthy Americans are poised to emerge from the pandemic in better shape than they entered it, widening the gulf between the rich and the poor, a new study suggests. About 40% of upper-income adults in the U.S. said their financial situation improved in the ...