Commentary / World Jul 16, 2019
How the wealthiest 1% can be good for everybody
National / Politics Jul 8, 2019
Politics pays as average income of Japanese lawmakers hit 16-year high of ¥26.57 million in 2018
The top nine earners all come from the Liberal Democratic Party.
Business Jul 6, 2019
Bezos divorce finalizes, sets stage for $38 billion Amazon.com stake transfer
It's official. MacKenzie and Jeff Bezos are divorced after 25 years of marriage. A King County, Washington judge on Friday signed an order formalizing the separation. That sets the stage for the transfer of some 19.7 million shares of Amazon.com Inc. to MacKenzie's name. The ...
Business / Corporate Jun 27, 2019
Nissan to cancel Carlos Ghosn's retirement and stock-linked compensation benefits
In the latest steps by the Japanese automaker to distance itself from its former chairman, Nissan Motor Co. is canceling yet-to-be-paid compensation benefits for Carlos Ghosn. Ghosn, who was arrested in November on charges of financial misconduct, will no longer receive unpaid retirement benefits of ...
Business Jun 26, 2019
Regulator mulls fining Nissan ¥2.4 billion over Ghosn pay report
The Securities and Exchange Surveillance Commission is considering fining Nissan Motor Co. at least ¥2.4 billion ($22 million) over allegations the automaker underreported former chairman Carlos Ghosn's remuneration, a source close to the matter said Wednesday. The recommendation by the securities watchdog, which has filed ...
National / Media | BIG IN JAPAN Jun 22, 2019
Japan's print media ponder wealth, poverty and pensions
by Mark Schreiber
One of my recollections from the bubble economy of the 1980s was a passage in a 1987 book titled "Hokokuron" ("The Theory of National Wealth"). Its author, the late economist Taiichi Sakaiya, stood out as one of the bubble era's most fervent cheerleaders. An American ...
Business / Tech Jun 20, 2019
U.S. CEO hands Oxford University $189 million for AI ethics studies
An American billionaire has given Oxford University £150 million ($188.6 million) for a new institute that will study the ethical implications of artificial intelligence and its vast potential to change society as we know it. The donation from Stephen Schwarzman, CEO of the private equity ...
Business Jun 15, 2019
Former chemistry teacher Zhong Huijuan becomes richest self-made woman in Asia
Two days ago, Zhong Huijuan wasn't even the richest person in her family. Now she has become the wealthiest self-made woman in Asia with a $10.5 billion fortune, according to the Bloomberg Billionaires Index. The bulk of her wealth comes from her stake in Hansoh ...
Asia Pacific Jun 15, 2019
Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, ...
World / Crime & Legal May 10, 2019
Vancouver penthouses, ski chalets at Whistler, and holiday retreats in Persian Gulf islands are among the thousands of properties identified in a dirty-money probe that estimates more than 7 billion Canadian dollars ($5 billion) was laundered through British Columbia last year. The startling findings from ...
National May 9, 2019
Kyoto firms target rich foreign travelers with exclusive accommodations and services
Expensive guided tours and accommodations that give wealthy visitors to Japan rare opportunities to experience traditional culture in the historical city of Kyoto are picking up steam. Services include the company of traditional female entertainers, known as maiko and geiko, a rare experience for non-Japanese ...
National May 8, 2019
Japan plans to tap high-wealth tourists with bid to attract luxury superyachts from abroad
The transport ministry is boosting efforts to attract superyachts, owned by wealthy foreign individuals, to Japan in the hope that their port calls bring a major boost to the country's economy. The ministry hopes that visits by superyachts, or large cruisers with a length of ...