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TV PROGRAMS > Close-up Gendai

Gold smugglers make a mint in Japan

  • May 23, 2017
  • , NHK
  • JMH Summary

NHK’s “Close-up Gendai +” reported on the smuggling of gold into Japan, saying it has surged since Japan’s consumption tax was raised from 5 to 8 percent in April 2014. The program said although travelers need to declare gold bars at customs and pay the 8 percent consumption tax, couriers disguised as tourists bring in gold from Asia, mainly South Korea, without declaring it. The program said Japan has become a target because the current law imposes only light penalties for such crime.

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