Undeclared income of wealthy in Japan hits record high

TOKYO, Feb 20 (Japan Times) - The undeclared income of wealthy people totaled Y83.9 billion in the year through June 2022, up 72.3% from the preceding year and the highest annual level since data became available in the year to June 2010.

The record figure was revealed as a result of income tax investigations for the 2021 business year conducted by regional taxation bureaus across the nation.

The National Tax Agency is actively checking whether affluent people have filed income tax returns properly, focusing on large holders of securities and real estate as well as high-income earners and individuals who have made large overseas investments. ...continue reading

Revolutionary Cancer Detection: Genius Mathematician Invents Technology to See the Unseen

Professor Kenjiro Kimura of Kobe University, who also serves as the CEO of Integral Geometry Science, has made a groundbreaking discovery in applied mathematics by solving an unsolved problem and inventing the world's first 'through-object visualization technology.'

Osaka's 'Myakumyaku' Statue Vandalized with 'Free Palestine' Message

The 'Myakumyaku' statue, the official character of Expo 2025, placed in front of Osaka City Hall, has been vandalized with English text saying 'Free Palestine', prompting the city to file a damage report.

Two Policemen Injured in Bear Attack While Investigating Body in Forest

Efforts to retrieve the body of a man found in a forest in Akita Prefecture, where two male police officers were attacked by a bear on Saturday, were abandoned Sunday with the possibility the bear is still lurking in the area.

Sanja Festival Reaches Peak

Temperatures soared above 30C in northern Japan and northern Kyushu on Sunday, marking a true summer day, while weather conditions in western and eastern Japan worsened. In Tokyo, the early summer spectacle, the Asakusa Sanja Festival, reached its climax.

City of Los Angeles names May 17 Shohei Ohtani Day

or as long as Shohei Ohtani plays for the Dodgers -- which will be at least for the next decade -- May 17 will be known as “Shohei Ohtani Day” in Los Angeles County. (MLB)

MORE Business NEWS

Japan's Economic Minister Visits Next-Gen Semiconductor Factory

Japan's Economic Minister Yasutoshi Saito visited Hokkaido on Sunday to inspect the construction site of Rapidus's factory, which aims to mass-produce next-generation semiconductors.

High-End Apartments Sprout in Osaka's Umeda

The Umeda area in Osaka is seeing a surge in high-rise apartment construction, including a 49-story residential skyscraper south of JR Osaka Station.

'Impersonation Scam' - Akira Ikegami Warns About Fake Voice Messages

Japan's National Police Agency revealed on May 16 that the amount of money lost to impersonation investment scams on social media totaled 21.9 billion yen in just three months from January to March this year.

The Grand Shield Collects 8 Billion Yen Through Illegal Bonds

The president and seven employees of The Grand Shield, previously featured in Japanese media due to financial troubles with dental braces, have been arrested for selling high-yield bonds without registration, promising annual returns of 20%. It is believed that two women among the suspects collected 4.6 billion yen alone.

Japan's GDP Shrinks by 2.0% in Q1 Due to Daihatsu Scandal

Japan's real GDP growth rate for the first quarter of this year, from January to March, was announced by the Cabinet Office to be an annualized minus 2.0%.

Yusaku Maezawa Sues Meta for 1 Yen Over Impersonation Investment Scams

Businessman Yusaku Maezawa has filed a lawsuit against Meta, the company operating Facebook, seeking 1 yen in damages in response to a series of investment scams involving impersonation of famous personalities on social media.

TEPCO Constructs Substation to Meet Rising Data Center Power Demand

As the Japanese government begins discussions on the basic policies for its energy strategy, Tokyo Electric Power Company (TEPCO) has constructed a new substation and other infrastructure in Inzai City, Chiba Prefecture, to address the increasing power consumption of data centers.

Honda to Spend $65 Billion on EVs, Self-Driving Tech

Honda Motor says it will invest 10 trillion yen or roughly 65 billion dollars in electric vehicles and software for self-driving technology through fiscal 2030. (NHK)

< 2 3 4 5 >