Japan to change yen notes for visually-impaired people
While an ageing society clearly affects a nation’s workforce and economic output, one concern the Japanese did not anticipate is the increase in people with poor eyesight that are using tender to pay...
View ArticleKnock-off brand-name items now burgeoning in Japan
Due to the lax regulations when it comes to imported, branded items and the capability of the market to buy luxury goods, Japan is now fast becoming a haven for counterfeit items like bags, garments...
View ArticleJapan records highest ever trade deficit in 2013 due to surging fuel costs
At the end of fiscal 2013, it was revealed by the Finance Ministry that Japan’s trade deficit had increased nearly 70 percent from the last year, amounting to a record 13.75 trillion yen (around US$134...
View ArticleBitcoin ATM heading to Japan amidst credibility concerns
Las Vegas-based firm Robocoin said that they are shipping a bitcoin ATM to Tokyo and considering setting it up for operations by May of this year. This latest move comes in the midst of the virtual...
View ArticleJapan says bitcoin not real currency, but should still be taxed
The Japanese government has released a statement saying that bitcoin “does not fall under the category of a currency and is subject to taxation.” This comes in the midst of the rest of the world trying...
View ArticleJapan mulling Bitcoin tax after Mt Gox scandal
In the wake of the spectacular fall of Tokyo-based bitcoin exchange Mt. Gox, Japan is now looking for ways to tax bitcoin transactions, this according to media reports on Tuesday. Mt. Gox had recently...
View ArticleJapan thinks bitcoin regulation should be international
With the turmoil caused by the closing of the Tokyo-based Mt. Gox bitcoin currency exchange, Japanese authorities are now investigating the matter to know exactly what happened. Vice Finance Minister...
View ArticleJapanese authorities to begin inquiry on sudden closure of Mt Gox bitcoin...
Japanese authorities are now investigating the sudden closure of Mt. Gox, the exchange company for the virtual currency unit bitcoin. While Japan’s Financial Services Agency have no authority over Mt....
View ArticleCustomer passes off ‘million yen bill’ as real money at grocery store
Lest you think that you missed the announcement that Japan has issued a new currency, a “million yen bill” was allegedly passed off as a 10,000 yen bill at a grocery shop in Aeon Mall Morioka-Minami....
View ArticleAnother Japanese bank admits transactions with organized crime figures
Days after Japan’s Financial Services Agency (FSA) said it will be looking closely into transactions of the country’s three largest banks, another bank has admitted they have conducted transactions...
View ArticleFinance Ministry advisory panel suggests cutting number of nation’s teachers...
Another possible casualty of Japan’s declining birthrate is the job security of elementary and high school teachers. An advisory panel to the Ministry of Finance is proposing to cut down the number of...
View ArticleJapan ruling party’s Fukushima panel proposal to include massive TEPCO...
A task force organized by the ruling Liberal Democratic Party to look into the Fukushima Daiichi clean-up situation has included a recommendation to reorganize utility operator Tokyo Electric Power Co...
View ArticleJapan’s budget request for next fiscal year amounts to $995 billion
The request for next fiscal year’s budget was announced by the Ministry of Finance on Wednesday. The unprecedented 99.3 trillion yen ($995 billion) budget request of the government offices will be...
View ArticleOnline companies asking government to tax overseas competition
A group of thirteen online-based companies in Japan are asking the government to impose sales taxes on ebooks and music download overseas websites to remove their advantage over the local companies....
View ArticleNew finance minister Taro Aso to lift debt cap for fiscal 2012
In order to inject some life into Japan’s struggling economy, newly appointed finance minister Taro Aso said that the government
View ArticleJapan’s exports down for 5th straight month following election, yen improvements
On Wednesday, Japan revealed its fifth consecutive month of trade deficits, rising as much as 38% over November of last
View ArticleLDP’s Abe to offer finance minister position to former PM Taro Aso
Japan’s prime minister in waiting Shinzo Abe is looking to name fellow Liberal Democratic Party (LDP) lawmaker Taro Aso as
View ArticleJapan’s exports drop, lead to $6.7 billion in 4th consecutive trade deficit
The Japanese Ministry of Finance posted a trade deficit of 549 billion yen (approx. $6.7 billion) for the month of
View ArticleNew sales tax to be applied to digital content bought online from overseas
Officials with the Japanese government stated on Wednesday that it will begin applying the country’s recently approved consumption tax increase
View ArticleJapan Mint to produce coins for Bangladesh
Facing the seemingly dwindling demand for Japanese coins, the government has decided to use Japan’s minting facilities to produce coins
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