James Wongvipat from The Japan Times:
Japan has, by some measures, the highest inheritance tax rate in the world. It's so high, and the related laws and rules so unforgiving and complicated, that a smart move to the country can years later suddenly look like an expensive mistake.
Yes, this is a very dry article but it is a good overview of the rules you have to follow when an inheritance event happens. On a related now, tax law makes me break out in hives.
Yuko Kakazu from The Japan Times:
J-RISE is a major pillar of the government’s broader University for International Research Excellence initiative, which supports top Japanese universities through the national ¥10 trillion University Fund. The fund, managed by the Japan Science and Technology Agency, aims to elevate the global standing of Japanese institutions by supporting world-class research environments.
This level of investment signals a clear policy shift: Japan wants to become a global scientific hub. Sadly, this important strategic pivot is taking place against a backdrop of rising nationalist sentiment and economic frustration, neither of which bode well for attracting world-class researchers.
You want scientists to come to the country but you slash the money in to train them in PhD programs while starting a generic fund to push SCIENCE. Sounds like a typical day in Nagata-cho.
Kanoko Matsuyama & Koh Yoshida from The Japan Times:
Seven & I Holdings said it will open 1,300 new international stores, mainly in the United States, in an update to its midterm plan after Circle-K operator Alimentation Couche-Tard dropped its ¥6.77 trillion ($44.9 billion) takeover proposal.
The company said it will also add 1,000 net new outlets in Japan as part of its growth strategy. The goal is to "satisfy changing customer needs with new formats and accelerate openings,” the operator of 7-Eleven stores said in a presentation Wednesday.
This article summarizes the Couche-Tard drama from the past year well. Ultimately, 7 along with its rivals Lawsons & FamilyMart are too vital to the functioning of Japanese society to be run by a foreign operator. I was very happy to see the Canadians surrender. Au revoir!