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SHIRSENDU KARMAKAR

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Japan, China seek broader bilateral talks to improve public sentiment Around 100 Japanese and Chinese pundits gathered in Tokyo on Thursday, calling on their governments to expand dialogue and promote people-to-people exchanges to improve public sentiment amid fragile bilateral relations. At a forum on Sino-Japanese ties, scholars, alongside prominent political and business leaders from both countries, urged the establishment of a "framework of confidence-building" to prevent emergencies, including regular talks between their defense authorities. "The mutually beneficial relationship based on common strategic interests, agreed upon by the two governments, will be realized through understanding and trust between their nationals," a statement issued after the conclusion of the two-day discussions said. ©SHIRSENDU KARMAKAR #Japan #China

Japan, China seek broader bilateral talks to improve public sentiment Around 100 Japanese and Chinese pundits gathered in Tokyo on Thursday, calling on their governments to expand dialogue and promote people-to-people exchanges to improve public sentiment amid fragile bilateral relations. At a forum on Sino-Japanese ties, scholars, alongside prominent political and business leaders from both countries, urged the establishment of a "framework of confidence-building" to prevent emergencies, including regular talks between their defense authorities. "The mutually beneficial relationship based on common strategic interests, agreed upon by the two governments, will be realized through understanding and trust between their nationals," a statement issued after the conclusion of the two-day discussions said. ©SHIRSENDU KARMAKAR #Japan #China

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Japan gov't mulls raising tax-free income threshold from January 2026 The government and the ruling parties are considering applying a higher income tax exemption threshold from January 2026, in a move to incentivize part-timers to work longer hours amid Japan's labor shortage, a source close to the matter said Tuesday. The schedule is expected if the government decides on raising the threshold for imposing income tax, currently set at a minimum annual income of 1.03 million, in its tax reform plan for the next fiscal year starting April. Related bills will be subsequently deliberated in the Diet for likely enactment around the spring. The ruling Liberal Democratic Party and its coalition partner the Komeito party, which lost their majority in the powerful House of Representatives in October's general election, have agreed to accept a request from a minor opposition party, the Democratic Party for the People, to increase the nontaxable income threshold. ©SHIRSENDU KARMAKAR #Japan

Japan gov't mulls raising tax-free income threshold from January 2026 The government and the ruling parties are considering applying a higher income tax exemption threshold from January 2026, in a move to incentivize part-timers to work longer hours amid Japan's labor shortage, a source close to the matter said Tuesday. The schedule is expected if the government decides on raising the threshold for imposing income tax, currently set at a minimum annual income of 1.03 million, in its tax reform plan for the next fiscal year starting April. Related bills will be subsequently deliberated in the Diet for likely enactment around the spring. The ruling Liberal Democratic Party and its coalition partner the Komeito party, which lost their majority in the powerful House of Representatives in October's general election, have agreed to accept a request from a minor opposition party, the Democratic Party for the People, to increase the nontaxable income threshold. ©SHIRSENDU KARMAKAR #Japan