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May 15, 2024
 

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WEALTH

Japan Times
JAPAN / 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 books and TV appearances.
Japan Times
WORLD
May 4, 2021
Biden tax rule would take billions from biggest fortunes at death
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.
Japan Times
BUSINESS
May 4, 2021
Samsung windfall gives richest South Korean woman $7 billion fortune
Hong Ra-hee boosted her fortune after receiving billions of dollars in stocks in the much-awaited transfer of her husband's assets.
Japan Times
BUSINESS
May 4, 2021
Bill and Melinda Gates to divorce with $146 billion at stake
The announcement has the power to ripple through the tech industry and a vast portfolio of business, and into the realms of global health, climate change policy and social issues.
Japan Times
JAPAN
Apr 22, 2021
Wealth of Japan's richest surges nearly 50% during pandemic
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.
Japan Times
WORLD / Crime & Legal
Apr 15, 2021
For victims of Bernie Madoff, 'tragedy goes on’ after scammer’s death
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.
Japan Times
BUSINESS / Companies
Apr 12, 2021
Wealthy Japanese flying private in greater numbers, ANA says
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 u00a51 billion in the 2022 fiscal year.
Japan Times
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.
Japan Times
WORLD
Mar 26, 2021
In 2020 the ultrarich got richer. Now they're bracing for the backlash.
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
COMMENTARY / World
Mar 18, 2021
Tax havens are sabotaging the sustainable development
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.
Japan Times
WORLD / Society
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.
Japan Times
WORLD
Jan 25, 2021
Billionaires thrive while poor suffer as COVID-19 widens gap, Oxfam says
'We stand to witness the greatest rise in inequality since records began,' says the charity, calling for higher wealth taxes and stronger protections for workers.
Japan Times
LIFE / Style & Design
Dec 30, 2020
Pierre Cardin, designer to the famous and merchant to the masses, dies at 98
In 1957, Cardin became the first European designer to forge business ties with Japan, and within two years he was selling his fashions there.
Japan Times
BUSINESS
Dec 28, 2020
Japan's appeal as hub hindered by taxes, language and lackluster growth
China's crackdown on Hong Kong has raised hopes Tokyo may be able to compete as a financial hub, but the numbers still don't work in Japan's favor.
Japan Times
COMMENTARY / World
Dec 2, 2020
China scores big against poverty but the poor haven’t gone away
Almost 90% of the population was below the international poverty threshold in 1981, according to the World Bank; by the 2019, that was under 1%.
Japan Times
WORLD
Nov 17, 2020
The secret club for billionaires who care about climate change
A few years ago, the hundreds of members of France’s Mulliez family, with a global retail empire worth more than $38 billion, decided they should take climate change more seriously — or rather, their investment portfolio should.
Japan Times
COMMENTARY / Japan
Nov 13, 2020
Japanese capitalism can teach U.S. lessons in income growth and equality
There is no denying that Japan does have an underbelly of poor people, but compared to the United States, only relatively few are truly left behind financially.
Japan Times
JAPAN / Media / BIG IN JAPAN
Oct 24, 2020
Pandemic pushes Japan's wealthy to spend like there's no tomorrow
Since overseas travel has become virtually impossible, some people have been diverting more of their disposable income into luxury items such as new cars.
Japan Times
JAPAN / Media / MEDIA MIX
Oct 17, 2020
Media join the debate over the economics of a universal basic income
Could the introduction of such a welfare model lead to economic inequality?
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Yen’s fragility raises specter of a new currency war in Asia
Suspected intervention to drag the yen off a 34-year low against the dollar is already seen as unlikely to have a lasting effect if Japan continues alone.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
Online booking for Mount Fuji climb to open on May 20
Visitors climb the slopes of Mount Fuji, Japan's highest peak at 3,776 meters. From May 20, climbers will have access to a new online booking system for Mount Fuji's most popular Yoshida trail in Yamanashi Prefecture.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.
In a rare event, the Northern Lights show up in Hokkaido
The Northern Lights in Nayoro, Hokkaido, on Saturday
Is black the new green for Japan’s flagging tea farmers?
George Guttridge-Smith brews tea at Kyoto Obubu Tea Farm in Wazuka, Kyoto Prefecture, where he serves as head of international development.

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By Mai Yoshikawa

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