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Japan enforced a stricter law on Friday ahead of this year’s Rugby World Cup in order to clamp down on ticket scalping. Those caught reselling tickets for a profit will face up to one year in prison or a fine of up to 1 million yen, or both penalties.
A council at the Financial Services Agency estimated that an elderly couple will need at least 20 million yen assuming they live until 95 years old. It urged workers to start investing earlier to better prepare for their retirement.
US President Donald Trump on Tuesday concluded a state visit to Japan featuring a round of golf and watching sumo wrestling with Prime Minister Shinzo Abe designed to demonstrate the strength of the alliance. However, Japanese officials denied that they had agreed to reach a trade deal within months.
Telecom operators in Asia and Europe on Wednesday suspended taking pre-orders for Huawei’s new smartphone models equipped for next generation 5G networks, following Washington’s decision to restrict the Chinese giant’s access to US software and component suppliers amid a trade war with Beijing.
The World Trade Organization on Thursday upheld South Korean import bans on some Japanese seafood in the wake of the 2011 Fukushima nuclear disaster, overturning a previous decision. The ruling came as a disappointment to Tokyo.
A recent government survey showed that over 600,000 Japanese people aged 40 to 64 are believed to live as recluses, who stay at home in complete isolation from society without working for more than six months. Men accounted for nearly three-quarters of them.
Popular male idol group Arashi said on Sunday evening that they will suspend group activities indefinitely at the end of next year. The surprise announcement was triggered by 38-year-old leader Satoshi Ohno, who expressed his desire to leave show business to see views he has never seen before.
