Over 120 billion yen held in trust for tax-free donations for education
Jiji Press -- Jul 03
Trusts targeting people who give donations for the education of their grandchildren or children are proving popular in Japan as a tax break introduced in April exempts such donations from gift tax.

During the three months to June, some 123.5 billion yen was held in trust for such donations at Japan's three major trust banks and Resona Bank under some 17,900 contracts. Such trusts are created at a faster pace than expected, officials of the banks said.

Lump-sum donations for the education of grandchildren or children, with an upper limit of 15 million yen per person, are exempt from the tax under the measure that is part of fiscal 2013 tax reforms and effective until the end of 2015.

Source: Jiji Press
Jan 31
The fates of Japanese journalist Kenji Goto and Jordanian Air Force pilot Muath al-Kasaesbeh remain unknown after a deadline purportedly set by the Islamic State of Iraq and the Levant (ISIL) for the release of would-be suicide bomber Sajida al-Rishawi in exchange for Goto passed at sunset Thursday. (The Japan News)
Jan 31
The Aichi Prefectural Police said Friday that the 19-year-old Nagoya University student who has admitted killing a 77-year-old woman last month apparently used her cellphone to take pictures of the victim's corpse. (Japan Times)
Jan 31
Manga giant Katsuhiro Otomo won the Grand Prix Award at the prestigious Angouleme International Comics Festival on Jan. 29, marking the first time that a Japanese creator took the event's top honor. (Asahi)
Jan 31
A Japanese woman who was helping a Fuji TV crew covering the Japanese hostage situation was killed in a traffic accident near the Turkey-Syria border on Thursday. (Japan Today)
Jan 30
UN member nations in the Asia-Pacific region have chosen Japan as their sole candidate for non-permanent membership of the UN Security Council for the next 2-year term. (NHK)
Jan 31
Snow blankets houses in Tokyo's Arakawa Ward on Friday morning. (The Japan News)
Jan 31
Police in Kawaguchi, Saitama Prefecture, have arrested seven 17-year-old youths over the attack on five other youngsters who had been riding bikes and listening to music last October. (Japan Today)
Jan 30
Police in Higashi-Osaka said Friday that a 44-year-old woman attacked a group of elementary school boys walking home from school, injuring some of them. (Japan Today)
Jan 30
Police in Saitama Prefecture said Thursday they have arrested 11 people who, as part of an organized scam group, call up individuals claiming that they had missed a payment for using a website that is actually free to use. (Japan Today)
Jan 30
Despite being centuries-old, the core traditions of Setsubun can seem as silly as its common English rendering, The Bean-Throwing Festival. (rocketnews24.com)
Jan 29
A Nagoya University student who says she killed an elderly woman found dead in the 19-year-old's apartment has also admitted poisoning a former high school classmate, investigative sources said Thursday. (Japan Times)
Jan 29
Tokyo Metropolitan Police on Thursday searched a Yamaguchi-gumi headquarters in Chuo Ward for the alleged sale of drugs to musician Aska, reports TBS News (Jan. 29). (Tokyo Reporter)
Jan 29
Thai police said Wednesday they have arrested a transvestite on suspicion of swindling money from more than 100 Japanese men. (Japan Times)
Jan 29
Japan's Emperor and Empress have invited former leprosy patients from both Japan and abroad to the Imperial Palace in Tokyo. (NHK)
Jan 29
Paul McCartney, who had to cancel all his concerts in Japan last year due to an illness, announced on his blog Thursday that he will return to Japan for four concerts in April as part of his "Out There" world tour. (Japan Today)