Kyodo News Digest: Oct. 12, 2021
Written by tokyoclub on October 12, 2021
The following is the latest list of selected news summaries by Kyodo News.
OSLO – The awarding of the Nobel Peace Prize to two journalists this year is an attempt to focus the world’s attention on protecting a free and independent press, the chairwoman of the Norwegian Nobel Committee says.
In a recent interview with Kyodo News following the decision Friday to give the honor to journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia, Berit Reiss-Andersen warned, “freedom of expression is an endangered species in the world today.”
BEIJING – New car sales of Japan’s Toyota Motor Corp. in China plunged in September, the manufacturer said Monday, highlighting that its business in the country has become sluggish against a backdrop of semiconductor shortages.
Sales in China for Toyota, Japan’s largest automaker, fell 35.9 percent from a year earlier to 115,000 units last month, after decreasing 11.9 percent in August.
TOKYO – Japan’s new Prime Minister Fumio Kishida said Monday he will prioritize achieving economic growth to make good on his pledge to redistribute wealth, while facing his first parliamentary questions from opposition parties since taking office last week.
Ahead of a House of Representatives election at the end of October, Kishida underscored he will not immediately seek to raise the tax rate on capital gains and dividends. He toned downed his earlier remarks that changing the flat rate of 20 percent would be an option, which led to sharp falls in Tokyo stocks.
WASHINGTON – The Group of Seven industrialized nations will call for transparency and privacy protection as part of a common set of guiding principles created for central bank digital currencies, a draft document showed Monday.
The 13-point rules are expected to be endorsed during a meeting of finance chiefs in Washington on Wednesday, at a time when China is taking the lead in the global race to launch a central bank digital currency, or CBDC, amid concerns the development could allow stronger surveillance of its economy and people.
TOKYO – Tokyo confirmed 49 coronavirus cases Monday, the lowest daily figure since late June last year, amid a steady decline in infections across the country.
The figure released by the Tokyo metropolitan government was down from the 60 cases reported on Sunday and also marked the lowest daily figure this year for a third consecutive day.
TOKYO – The main opposition Constitutional Democratic Party of Japan will pledge to increase taxes on rich individuals and large companies while easing the burden on lower- and middle-income households in its campaign platform for the general election this month, party sources said Monday.
The CDPJ will call for a temporary lowering of the consumption tax from the current 10 percent to 5 percent and will effectively exempt people who earn less than around 10 million yen ($88,550) annually from paying income tax, according to the sources.
Shinsei Bank set to oppose SBI takeover bid
TOKYO – Shinsei Bank’s independent external directors on Monday advised against a proposed acquisition by SBI Holdings Inc., a move that would force the major online financial service group into a rare hostile takeover bid in Japan’s banking sector, sources familiar with the matter said.
Shinsei has taken issue with the bid over concerns that shareholders originally opposed to the tender may be forced to sell their shares to avoid becoming minority shareholders in the bank once it becomes a subsidiary of SBI.
TOKYO – On the eve of a must-win World Cup qualifier against Australia, Japan manager Hajime Moriyasu said Monday his squad is in a perilous situation, but can still get their campaign back on track.
Japan head into Tuesday’s clash at Saitama Stadium third in Group B with one win and two losses in the final Asian qualifying stage for the 2022 World Cup in Qatar, including a dispiriting 1-0 defeat away to Saudi Arabia in their most recent outing last Thursday.