By Inagaki Chihaya and Nakajima Yoshikatsu   The Financial Services Agency (FSA) and the Ministry of Economy, Trade and Industry (METI) are requesting a review of the corporate taxation method in the fiscal 2023 tax system review. Specifically, the FSA and METI wish to revise the taxation method for cryptoassets used for financing by companies involved in blockchain technology. Under….Read more

Sankei wrote that the Bank of Japan announced on Wednesday that Governor Kuroda will travel to the United States Aug. 25-29 and that he is planning to attend a symposium to be hosted by the Federal Reserve Bank of Kansas City and held in Jackson Hole, Wyoming.

Tokyo, Aug. 10 (Jiji Press)–The balance of Japan’s central government debts hit a record high of 1,255,193.2 billion yen as of the end of June, the Finance Ministry said Wednesday.   The per capita amount is 10.05 million yen, based on the country’s estimated population of 124.84 million as of July 1.   The severe fiscal situation continues, reflecting massive….Read more

  (Nikkei: October 29, 2014 – p.3)    In a spot poll conducted on October 28 by the Nikkei targeting 100 market players, 78% said the consumption tax should be increased to 10% “as planned” in October 2015. As the economic recovery slowed down after the latest consumption tax hike in April this year, stock market investors and economists are….Read more

Tokyo, July 29 (Jiji Press)–The Japanese government on Friday adopted budget request guidelines for fiscal 2023, setting a special quota of at least 4.4 trillion yen to finance measures aimed at supporting Prime Minister Fumio Kishida’s goal of achieving a virtuous cycle of growth and wealth distribution. The government did not set a cap on the total amount of budget….Read more

Tokyo, July 29 (Jiji Press)–Japan’s Cabinet Office on Friday maintained its forecast that the country will achieve a primary budget surplus in fiscal 2026.   The estimate is based on the scenario that the country will continue to post high nominal economic growth of some 3 pct. The forecast was kept unchanged from the previous projection in January.   A….Read more

Nikkei wrote that Secretary of the Treasury Yellen held in-person talks with Nakajima Junichi, the Commissioner of the Financial Services Agency, on Wednesday. The paper wrote that the two officials discussed such issues as the promotion of sustainable finance, cryptocurrency assets, and a framework for regulating stablecoins and agreed on their nations’ close coordination in dealing with these issues.  

TOKYO — A new private financial exchange, hoping to be an alternative for the Tokyo Stock Exchange, opened Monday in Japan, becoming the third such exchange and the first to be launched in 12 years in the country, the operator said.   The Osaka Digital Exchange or ODX offers trading of stocks and exchange-traded funds from 8:20 a.m. to 4 p.m. on weekdays, longer than the TSE’s trading….Read more