News On Japan

Ivanka Trump fashion brand halts talks on deal with Japanese firm

Jun 14 (Japan Today) - The operator of Ivanka Trump's fashion brand has halted business negotiations with major Japanese apparel company Sanei-International Co due to concerns over potential conflicts of interest, according to a letter from the operating company made public Monday.

Trump serves as an adviser to her father, President Donald Trump, and potential conflicts of interest between the Trump family's businesses and public duties have been an issue of concern since he took office.

According to the letter from an executive of Ivanka Trump Operations LLC, dated May 17 and addressed to a ranking member of the U.S. House of Representatives Committee on the Judiciary, the company and Sanei agreed in principle on a potential transaction in August 2016.

However, the company notified Sanei in January that it "decided not to pursue further negotiations" as it has learned Sanei-International's parent company had ties to the Japanese government.

Ivanka Trump resigned her positions at the business in January and subsequently placed it in a trust out of concerns for a conflict of interest with respect to the business's potential expansion into a foreign market, according to the letter.

News On Japan
POPULAR NEWS

Hydrogen, anticipated as the next-generation automotive fuel, is seeing accelerated efforts for its real-world implementation. Toyota Motor Corporation unveiled its first hybrid vehicle that combines a hydrogen-powered engine and an electric motor, announcing plans to conduct on-road tests starting next spring.

Former Hyogo Governor Motohiko Saito has secured re-election following the gubernatorial election triggered by his resignation.

Education groups in Japan representing 23 organizations issued an urgent statement criticizing a proposal from the Ministry of Finance to gradually raise the 'teaching adjustment allowance' to 10% as part of work reform measures. The proposal was deemed 'unrealistic,' sparking opposition from educators.

A Ferrari seized from a tax delinquent was auctioned by the Tokyo Regional Taxation Bureau, fetching over 170 million yen, the highest bid ever recorded for such an auction.

Zao’s iconic snow monsters, the frost-covered trees known as 'juhyo,' face an existential threat. These towering, snow-laden trees have long been a winter highlight in the region, famously resembling monstrous figures covered in snow. However, their survival is now under severe threat.

MEDIA CHANNELS
         

MORE Society NEWS

A British man has been arrested on suspicion of swapping genuine cash for counterfeit money in a gold trade scam, stealing 13 million yen from a business partner, Tokyo police revealed.

In Japan, the number of abandoned homes - known as Akiyas - is at an all-time high, with 9,000,000 million properties sitting empty on city streets and turning rural communities into ghost towns. (BBC World Service)

Nuisance streamers and content creators have been using Japan as a background for their social media feeds for awhile now. But now the Japanese are finally getting fed up and actually going after them over their disruptions. (Decoy Voice)

This year's Ramon Magsaysay Award has been granted to Japanese animation master Miyazaki Hayao. The award, known as "Asia's Nobel Prize," is annually given to individuals and organizations who have contributed to peace and development in Asia. (NHK)

A series of farewell rites and events has begun for Japan's Princess Mikasa, who passed away on Friday. She was the widow of Prince Mikasa, a younger brother of the late Emperor Showa. (NHK)

Japan's Princess Mikasa, whose given name is Yuriko, passed away at the age of 101. The princess was the widow of Prince Mikasa, a younger brother of the late Emperor Showa. (NHK)

An hour long documentary looking at the life of the Sugiura family, fish merchants and caterers living in Tokyo. Producer, director, John Nathan Explores the professional and personal lives of a Japanese family, Takes a look at the everyday life of a Japanese family living in Tokyo. (TRNGL)

The number of single-person households in Japan is expected to surpass 40% by 2050, according to recent projections.