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Japan government says needs to spur firms to spend cash pile on capex, wages

Japan government says needs to spur firms to spend cash pile on capex, wages

2017-10-20 08:15:22, reuters.com

TOKYO (Reuters) - Finance Minister Taro Aso on Friday criticized Japanese companies for sitting on too much cash, and said the government needed to take steps to encourage them to increase spending on wages and business investment. Internal reserves, or retained earnings including cash, at Japanese firms have increased by 101 trillion yen over the past four years to some 400 trillion yen ($3

 

Money

Panama Papers lead to exposing 3 billion yen in untaxed income

Panama Papers lead to exposing 3 billion yen in untaxed income

2017-08-24 09:01:52, asahi.com

Japanese tax authorities have uncovered at least 3.1 billion yen ($28 million) in undisclosed income based on information regarding individuals and companies that surfaced in the leaked documents known as the Panama Papers last year. According to sources, Japanese tax officials used the documents to investigate unreported income and uncovered the 3.1 billion yen figure. In addition, a number of individuals voluntarily submitted revised income tax reports

 

Costs

Why Line’s two-year wait for IPO cost it $4 billion in valuation

Why Line’s two-year wait for IPO cost it $4 billion in valuation

2016-06-11 06:00:56, japantimes.co.jp

Line Corp. has finally pulled the trigger on an initial public offering after a two-year hiatus. That period of hesitation may have cost the messaging service $4 billion in valuation as Facebook Inc. began encroaching on its turf and markets cooled on technology company debuts. Japan’s leading mobile messaging service is aiming to raise as much as ¥113 billion ($1 billion) in July at a market value of roughly ¥588

 

Credit Cards

Credit cards themed on Char Aznable of ‘Gundam’ offered

Credit cards themed on Char Aznable of ‘Gundam’ offered

2016-11-19 05:13:55, asahi.com

Sumitomo Mitsui Card Co. is offering credit cards featuring popular character Char Aznable from the “Mobile Suit Gundam” robot anime series. The company has released two red-themed Custom Visa Cards for fans, taking a cue from the character’s honorary title, “The Red Comet.” Applicants must be 18 or older, excluding high school students. No annual fees are required. For more information, visit the official website at (http://www.smbc-card.com/nyukai/affiliate/gundam/index_lp.jsp).

 

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