(REUTERS) Elderly Japanese, among the world’s richest retirees, are flocking to inheritance advisers, tackling historical taboos on discussing death and providing a rare avenue of growth for the country’s brokerages and banks. Trillions of dollars parked in savings accounts are set to be released in the coming years as Japan’s death rate climbs and new, more onerous inheritance tax rules kick in. The shift is attracting investment from companies such as Nomura Holdings, Daiwa Securities […]
Tag: Japan
Japan man arrested for killing father with chopstick
TOKYO, Japan (AFP) — A Japanese man who stabbed his father to death with a chopstick was arrested on Thursday, police said. Michikazu Ikeuchi, 51, admitted that he stabbed his 80-year-old father in the throat with a 30-centimetre- (12- inch) long wooden, cooking chopstick on Wednesday night after a quarrel at their home in Osaka, western Japan, according to police. “Ikeuchi told us he had tried to stop his parents from arguing and he did […]
Tokyo governor resigns over spending scandal: official
by Kyoko Hasegawa TOKYO, Japan (AFP) — The governor of Tokyo resigned Wednesday over spending public money on lavish hotels and spa trips, the latest setback on the mega-city’s troubled road to hosting the 2020 Olympics. Unpopular Yoichi Masuzoe fell on his sword just hours before facing a no-confidence vote, making him the city’s second governor to quit since Tokyo was named host of the 2020 summer games. Masuzoe’s predecessor Naoki Inose — who […]
Chinese spy ship shadows U.S., Japanese, Indian naval drill in the Western Pacific
(REUTERS) A Chinese observation ship shadowed the powerful U.S. aircraft carrier, John C. Stennis, in the Western Pacific on Wednesday, a Japanese official said, joining warships from Japan and India in drills close to waters Beijing considers its backyard. The show of American naval power comes as Japan and the United States worry Beijing will look to extend its influence into the Western Pacific with submarines and surface vessels as it pushes its territorial […]
China urged to cooperate as Asia worries about South China Sea row
(Reuters) China came under pressure from the United States and Asian powers to rein in its actions in the South China Sea, with the U.S. defense secretary urging Beijing to join in on regional cooperation or risk erecting a “Great Wall of self-isolation.” U.S. Defense Secretary Ash Carter encouraged China to participate in a “principled security network” for Asia to help counter concerns about its strategic intentions following “expansive and unprecedented actions” in the South […]
Seven-year-old boy missing in Japan forest found alive: officials
by Shingo Ito and Kyoko Hasegawa TOKYO, Japan (AFP) — A seven-year-old boy missing since being abandoned in a bear-inhabited forest in northern Japan as a punishment nearly a week ago was found alive on Friday and reunited with his parents, officials said. The boy, apparently unharmed and in good health, was discovered at a military base. Reports said he had taken shelter in a hut and found a tap to drink from but was hungry […]
Tokyo governor under fire for spending on luxury hotels, pyjamas
by Kyoko Hasegawa TOKYO, Japan (AFP) — Tokyo’s embattled governor apologised Wednesday in the face of rising public anger over alleged inappropriate spending on everything from luxury hotel suites to children’s pyjamas. Yoichi Masuzoe has come under intense media grilling over lavish outlays on overseas business trips, online auction purchases and accommodation at high-end hotels and spas. Tokyo is set to host the 2020 Summer Olympics, and while the drama is unlikely to impact the city’s […]
Passengers evacuate plane in Japan after engine smoke
QUEZON City, Philippines – In Japan, Korean Airlines evacuated 319 passengers and crew from one of its planes. The plane was preparing to launch in Japan’s Haneda Airport. No injuries were reported. (Eagle News Service Described by Jay Paul Carlos, Video Editing and Uploaded by Vince Alvin Villarin)
Chinese state media warns G7 against South China Sea ‘meddling’
BEIJING, China (AFP) — Chinese state media warned the Group of Seven nations on Thursday not to “meddle” in South China Sea disputes, as leaders from the bloc gathered for talks in Japan. The commentary came as European Council President Donald Tusk said on the sidelines of a summit in Ise-Shima that the bloc should take a “clear and tough stance” on China’s contested maritime claims. Beijing has angered several Southeast Asian neighbors by claiming […]
Toyota to recall 1.6 mn more US cars over Takata airbags
LOS ANGELES, United States (AFP) 5/24/2016 – Toyota said it will recall nearly 1.6 million more vehicles in the United States to correct possible defects in front passenger air bag inflators made by the Japanese company Takata. The decision, which was announced Monday, was made based on recent information from both Takata and the US National Highway Traffic Safety Administration (NHTSA), Toyota said in a statement. In early May, US auto safety regulators ordered Takata to recall […]





