It published the database only monday. It contains information on offshore companies created in 21 locations around the world through the panamanian law firm. Setting up an offshore company isnt illegal on its own and the Law Firm Says it followed the rules. But the Panama Papers have exposed the secret financial dealings by highprofile people and have raised many questions. The data includes the names of entities believed to have been set up or run by around 230 People Living in japan as well as japanese companies. About 20 of those companies are thought to have been involved with offshore entities in tax havens. The companies include leading trading firms and i. T. Related businesses. The papers have led to some political casualties. Icelands Prime Minister and spains industry minister resigned in connection with revelations from the leaked files. Japanese government officials are responding to the revelations in the Panama Papers. Theyre putting together an action plan targeting cor
To start the exit process by notifying the leader states of his intention. It has two years to negotiate its withdrawal. The talks will begin new terms of trade with the eu. Cameron has already said he wont start the process at this summit. He plans to leave it to his successor after he steps down later this year. We need to determine the kind of relationship we want with the eu. That is rightly something for the next Prime Minister and their cabinet to decide. But the leaders of germany, france, and italy agreed not to start negotiations with britain nm it has notified the eu of its intention to withdraw. Translator Great Britain has to take the initiative. French president Francois Hollande said he wants britain to act swiftly to bring stability back to the eu. He said theres nothing worse than uncertainty. As uk leaders deal with the cope from the shock brexit vote, people in other countries are taking cover from the financial storm. Gene otani joins us with the business headlines.
Japans killing was planned months in advance. New information has surfaced linking for the first time a japanese citizen to the Panama Papers. The documents contained millions of files on world leaders, other highprofile people and firms using tax havens. Now nhk has learned a former Investment Firm head who lost the Pension Funds of over 800,000 people in japan was involved in irregularities using shell companies. We obtained the papers through the International Consortium of investigative journalists or icij. It contains 11. 5 million files from a panamabased law firm that is one of the Worlds Largest specializing in offshore business. Reporter nhk joined investigation of panama paper in june. Since then our reporters have investigated those who have connection with japan. And we identify 400 japanese nationals from data. And uncover one person who shocked the country four years ago. Our findings reveal that asikawa is a former president of a tokyobased aij investment advisers. The f
Into waters of japans exclusive economic zone. And from crisis to opportunity. Hong kong investors are using the brexit fallout to grab cheap real estate and other discounts. Japanese Prime Minister shinzo abe says he has formed a new cabinet to expedite his policies. Abe says his cabinet will chae tangible results after gaining a stable base in the upper house election. Translator we will keep taking on future challenges. We will never stop our efforts to overcome challenges. Abe stressed his top priority is to accelerate his economic policies knowns as abenomics. Translator yesterday i decided on a measure which exceeds 28 trillion yen in its size. I will submit the budget for bold investment in the future at the ordinary session of the diet in autumn. I will mobilize all possible measures to stand against the risks of the Global Economy and raise the velocity to the maximum level. Abe also stressed his commitment to pursuing global diplomacy citing what he called increasingly severe
With a radar system in waters around japan. A similar order was issued last month. North korea test fired whats believed to be a new type of intermediate range missile known as the musudan but the test failed. Yoshihide suga discussed the matter at a regular news conference. Translator the japanese government must always protect citizens lives, assets and livelihoods. We have instructed the selfdefense forces to take necessary measures. Suga says japan is working with the u. S. And south korea to demand north korea refrain from any provocative actions. South Koreas Foreign Ministry also commented on the issue. Translator if north korea launches another missile it means that pyongyang will ignore continued warnings from the International Community and will violate resolutions again. He also says his government is closely monitoring north koreas actions focusing on any preparations for another launch. The president of Tokyo Electric Power company admitted to a coverup during the early da