Commentary / World Sep 16, 2019
Thomas Piketty takes aim at wealth inequality
by Leonid Bershidsky
The French economist's new book is meant to jolt the global left out of its ideological stupor.
Business / Corporate Sep 10, 2019
Jack Ma ends 20-year reign over Alibaba wealth creation empire
Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen. The former English teacher steps down as executive chairman of China's largest company on his 55th birthday ...
National Sep 7, 2019
Japan's household income gap down slightly but remains near record level, 2017 survey finds
The income gap among Japanese households has improved slightly from a record-high disparity, a government survey conducted in 2017 shows. The key parameter for measuring income inequalities, known as the Gini coefficient, came to 0.5594 in the survey, down just 0.0110 point from the previous ...
Business / Corporate Sep 6, 2019
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
by Kae Inoue and Masatsugu Horie
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn. CEO Hiroto Saikawa told reporters on ...
Business / Corporate Sep 5, 2019
Nissan CEO Saikawa admits receiving too much pay under executive equity plan
Saikawa said he will return the excess amount to the automaker, while revealing that other executives have also received overpayments.
Asia Pacific Aug 22, 2019
Australia's millionaire visa program gets rush of interest from Hong Kong
Australia is seeing an increase in interest in its millionaires-only visa program from wealthy Hong Kong residents who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters. The New South Wales state migration department "has noticed a significant ...
Commentary / World Jul 16, 2019
How the wealthiest 1% can be good for everybody
by Ferdinando Giugliano
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 ...