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ECONOMIC ASSESMENT BY JAPANESE GOVT. FOR DECEMBER REMAINS UNCHANGED

Highlights –

Economic assessment by Japanese Govt. for December remains unchanged.
The Cabinet Office reported the Japanese economy to be slowly picking up.
The latest report upgraded its view on exports and imports.
For th...

BERLIN DECIDES TO KEEP ‘COMFORT WOMAN’ STATUE; JAPAN EXPRESSES REGRET

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Berlin decides to keep ‘Comfort Woman’ statue; Japan expresses regret.
The statue was installed by a South Korean civic group in Berlin’s Mitte district.
The Mitte district has permitted the installation...

POSTPONEMENT OF TOKYO GAMES 2021 WOULD COST AROUND 200 BILLION YEN: OC

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Postponement of the Tokyo Games 2021 would cost around 200 billion yen: OC.
The central, Tokyo metropolitan govt. and the Tokyo Olympic organizing committee will further discuss plans.
The Tokyo Olympics organizing commit...

PANDEMIC SAW JAPANESE SCHOOL CHILDREN INDULGE IN 50-YEAR-OLD DORAEMON COMIC SERIES

Highlights –

Pandemic saw Japanese school children indulge in 50-year-old Doraemon comic series.
More than 5 million comic books were printed in the 12 months to November.
The comic book has a total of 45 volumes.
In March ...

JAPAN GOVERNMENT PLANS TO GIVE TAX INCENTIVES TO FOREIGN RESIDENTS IN THE COUNTRY

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Japan government plans to give tax incentives to foreign residents in the country.
The plan comes with respect to turning the country into an international financial hub.
The Cabinet is expected to approve the government&...

BUSINESS LOBBIES IN JAPAN AIM TO HAVE WOMAN FOR EXECUTIVE POSITIONS

Highlights –

Business lobbies in Japan aim to have women for executive positions.
The biggest business lobbies are aiming for 30% of the above positions by 2030.
Japan occupies the last place in the World Economic Forum’s gender...

JAPANESE GOVERNMENT PLANS TO ABOLISH THE CAP ON INCOME FOR FERTILITY TREATMENT

Highlights –

Japanese government plans to abolish the cap on income for fertility treatment.
The cap in order to qualify for subsidies, a couple’s combined annual income is currently set at 7.3 million yen.
Japan’s current...

GUNMA PREFECTURE TO CONTINUE PARTICIPATION IN THE ‘GO TO TRAVEL’ SUBSIDY PLAN

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Gunma prefecture to continue participation in the ‘Go To Travel’ subsidy plan.
It will also continue the ‘Go To Eat’ program announced by the central government earlier.
The current state of infect...

JAPAN’S JTB CORP. TO REDUCE WORKFORCE UNDER BROAD RESTRUCTURING

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Japan’s JTB Corp. to reduce workforce under broad restructuring.
JTB is said to have recorded a net loss of 78.17 billion yen for the April-September period.
The company plans to reduce 115 outlets in Japan and clos...

PANDEMIC FORCES JAPANESE COMPANIES TO CUT BACK ON JOB OFFERS TO NEW GRADUATES

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Pandemic forces Japanese companies to cut back on job offers to new graduates.
Only 69.8% of university students graduating next spring have received job offers.
The ratio has fallen to below 70% in October alone.

AUSTRALIA AND JAPAN LEADERS REACH ON A BASIC AGREEMENT OVER BILATERAL DEFENSE PACT

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Australia and Japan leaders reach a basic agreement over bilateral defense pact.
On Tuesday, the leaders from the above countries held in-person talks.
Japan considers Australia to be a semi-ally and signed a defense coop...

JAPANESE ARCHITECTURAL CRAFTMANSHIP RECOMMENDED TO UNESCO’S INTANGIBLE HERITAGE LIST

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Japanese architectural craftsmanship recommended to UNESCO’s intangible heritage list.
The recommendation covers techniques in 17 areas.
The traditional techniques enhance the resilience of buildings to earthquakes ...

BONUS FOR JAPANESE GOVT. EMPLOYEES TO BE CUT FOR FISCAL 2020

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Bonus for Japanese Govt. employees to be cut for fiscal 2020.
The decision was in line with the National Personnel Authority’s recommendation.
The annual summer and winter bonuses would be worth 4.45 months of sala...

ELECTRIC POWER FIRMS IN JAPAN AIM TO STREGTHEN CONVENTIONAL SOURCES OF ENERGY

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Electric power firms in Japan aim to strengthen and increase conventional sources of energy.
Prime Minister of Japan by 2050 has pledged to cut greenhouse gas emissions to net-zero.
Shikoku Electric Power Co. on Nov.1 wil...

ENTRY BAN TO BE LIFTED BY JAPAN FOR CHINA, SOUTH KOREA, TAIWAN, 6 OTHER COUNTRIES

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Entry ban to be lifted by Japan for China, South Korea, Taiwan, 6 other countries.
Japan still continues to suspend visa waiver agreements with other countries.
Japanese nationals and foreign residents returning from ove...

JAPANESE COMPANIES’ RETAINED PROFITS HIT A RECORD HIGH IN FISCAL 2019

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Japanese companies’ retained profits hit a record high in fiscal 2019.
Retained corporate profits in the year through March rose by 2.6 percent.
Pretax profits of domestic companies plummeted by 14.9 percent.

JAPANESE GOVT. PLANS TO SUPPORT DEVELOPMENT OF BATTERIES FOR ELECTRIC VEHICLES

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Japanese govt. plans to support the development of batteries for electric vehicles.
An action plan for the same is said to be compiled by the end of this year.
Prime Minister of Japan has pledged to cut greenhouse ga...

JAPAN’S 3 MAJOR MOBILE PHONE CARRIERS TO PUT OUT CHEAPER PLANS AS PER GOVT. REQUEST

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Japan’s 3 major mobile phone carriers to put out cheaper plans as per govt. request.
KDDI Corp. will start offering a 20 GB plan for 3,980 yen.
An action plan by the govt. was released to spur competition among tel...