Japan’s National Tax Agency has found that the country’s wealthy failed to declare a record-high 83.9 billion yen in earnings during the year through June.
The agency found the unreported amount, worth roughly 604 million dollars and involving a total of 2,227 cases, during tax inspections conducted nationally through its regional offices.
The figure is the largest since comparable data became available in 2009, and is up 70 percent from the previous year.
The average amount of undeclared earnings per case stood at 37.7 million yen. The average among wealthy people who invested overseas was twice as high, at 78.4 million yen.
The average among the wealthy who invested in cryptocurrency came to 36.6 million yen, up 50 percent from the previous year.
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Japan records highest increase in commodity prices in 4 decades
see.news – Nov 26
Official data issued by the Japanese government revealed on Friday that the prices of basic commodities of interest to consumers in the capital, Tokyo, rose by 3.6% in November compared to the same period in the previous year, recording the largest increase since 1982 amid the rise in energy and food prices, which have increasingly put pressure on household budgets.

New banknotes put to the test
TV Asahi – Nov 22
The National Printing Bureau in Tokyo is testing whether supermarket cash registers, vending machines, ATMs, etc. can read new banknotes without problems ahead of issuance in 2024.

Japan retains stake in Russia’s Sakhalin 1 oil project
Japan Today – Nov 16
Japan has retained its stake in the Sakhalin 1 oil and gas project in eastern Russia, with a Japanese company receiving a 30 percent stake in a new Russian operator, Tass news agency reported Monday.
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