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The Ministry of Land, Infrastructure, Transport and Tourism released an interim report for the formulation of a new comprehensive land policy at the Planning Section of the Land Policy Subcommittee on the 26th. The Council reopened in July 2018 to amend the Basic Law on Land enacted during the Bubble Period (late ’80s and early ’90s) and formulate policies that address a society with a declining population. According to the Interim Report, regional revitalization and...

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The ruling coalition, composed of the Liberal Democratic Party and the Komeito, officially decided tax reform guidelines for 2020, on Thursday afternoon. The government will create a preferential tax regime for large companies investing in startups for business innovation. The small investment tax exemption system (called “NISA,” which was implemented in 2012) will be replaced by a new system, and NISA will continue to be funded. The government will emphasize tax cuts so that companies...