News On Japan

Japan Establishes Financial Asset Management Zones to Attract Global Investment

TOKYO, Jun 05 (News On Japan) - The Japanese government has designated four prefectures and three cities as special financial and asset management zones, introducing policies that include the creation of new visas for specific foreign investors.

To promote the shift from 'savings to investment,' the government aims to encourage new domestic and international entrants and competition in the asset management industry. The designated zones include Hokkaido, Sapporo City, Tokyo, Osaka Prefecture, Osaka City, Fukuoka Prefecture, and Fukuoka City.

In these special zones, new residency qualifications will be created for foreign investors investing in startup companies, and regulations will be relaxed for banks investing in GX-related projects.

Regarding tax incentives, which are highly demanded both domestically and internationally, some regions will implement local tax reductions, while national taxes are 'not currently envisioned,' according to the government.

Source: ANN

News On Japan
POPULAR NEWS

A bill to introduce a proactive cyber defense system, allowing preemptive measures against cyberattacks, was passed by the Lower House on April 8th with majority support from the ruling Liberal Democratic Party, the Constitutional Democratic Party, and others.

The Dodgers, winners of last year’s World Series, paid a courtesy visit to President Trump at the White House on April 7th, with Shohei Ohtani, 30, and Yoshinobu Yamamoto, 26, among the participating players.

Methane gas was detected at levels exceeding safety standards in the western area of the Osaka-Kansai Expo site around 4 p.m. on April 6th, raising concerns due to the potential risk of explosion. Ventilation measures have since been implemented, bringing gas concentrations back below the threshold.

Bear activity is increasing in Hokkaido as spring temperatures rise, with sightings in 2025 already surpassing last year's total at over 100 cases.

The Tateyama Kurobe Alpen Route, linking Toyama and Nagano prefectures, will reopen on April 15th with the new Tateyama Tunnel Electric Bus set to begin service between Murodo and Daikanbo along a 3.7-kilometer stretch.

MEDIA CHANNELS
         

MORE Politics NEWS

A bill to introduce a proactive cyber defense system, allowing preemptive measures against cyberattacks, was passed by the Lower House on April 8th with majority support from the ruling Liberal Democratic Party, the Constitutional Democratic Party, and others.

The Ground Self-Defense Force (GSDF) has suspended the training of new Ranger personnel across most units for the remainder of the current fiscal year, JNN has learned. This is the first long-term nationwide suspension of such training since the program began, marking an unprecedented development.

Japan's national budget for the new fiscal year is now set to pass within the current fiscal term, following an unusual set of deliberations in the Diet on March 28th.

Japan is busily laying the groundwork for a state visit by Xi Jinping, in what has now become a roughly once-in-a-decade occurrence. The last visit was derailed by COVID-19. (East Asia Forum)

Japan is facing a pivotal moment in pension reform as the government prepares to revise its system for the first time in five years. With a shrinking workforce and an aging population, the pension system is under pressure, prompting new proposals that could impact millions.

The foreign ministers of Japan, China and South Korea have agreed to promote future-oriented cooperation in tackling common issues, and accelerate arrangements to hold a trilateral summit in Japan as early as possible. (NHK)

A third-party panel investigating allegations of power harassment against Hyogo Governor Motohiko Saito submitted its findings to the prefectural government on March 19th, concluding that ten instances of his conduct constituted workplace harassment.

A recent incident involving the attack on Takashi Tachibana has raised concerns over the lack of available information about the suspect, Miyanishi. Despite the rapid flow of information in the digital age, very little has surfaced regarding his background beyond his residence and employment status.