Sources: Ldp Lawmaker's Secretary Says 40 Mil. Yen In Political Funds Unreported

Sources: LDP lawmaker's secretary says 40 mil. yen in political funds unreported

A secretary of a Japanese Lower House lawmaker has reportedly told prosecutors about a failure to list income totaling about 40 million yen, or about 290,000 dollars, in a political funds report.

Liberal Democratic Party lawmaker Sonoura Kentaro's political fund management group had last year corrected its report to include funds worth 2 million yen, or about 14,500 dollars, collected at a fund-raising party in 2019.

'demon Slayer' Film Tops 20 Bil. Yen Mark

'Demon Slayer' film tops 20 bil. yen mark

The animated movie "Kimetsu no Yaiba," or "Demon Slayer," has earned 20 billion yen in its first 24 days in theaters across Japan. It reached the milestone much faster than the 59 days it took the 2001 animated fantasy film "Spirited Away."

The film's distributor, Toho, says more than 15.3 million people watched the movie in theaters from October 16 to Sunday. It raked in 20.4 billion yen, or nearly 200 million dollars.

Tokyo Stocks Surge, Dollar Steady Versus Yen

Tokyo stocks surge, dollar steady versus yen

Stocks were up sharply in Tokyo on Monday after Joe Biden's victory in the US presidential election ended the uncertainty during the vote count.

The benchmark Nikkei Average ended the morning session at 24,799, up 473 points or 1.95 percent compared to Friday's close. The Nikkei extended its gain this month to about 8 percent and is at the highest level in 29 years.

Abe Plans Blanket 100,000-yen Cash Handout

Abe plans blanket 100,000-yen cash handout

Japan's Prime Minister Abe Shinzo says he plans to provide a blanket cash handout of 100,000 yen, or about 930 dollars, per person as part of economic measures to deal with the coronavirus outbreak.

Abe conveyed his plan to the head of junior coalition partner Komeito, Yamaguchi Natsuo, over the phone on Thursday. Abe said he intends to alter the government's supplementary budget proposal for fiscal 2020 to secure the necessary funding.

Govt May Offer 100,000 Yen Cash Handout

Govt may offer 100,000 yen cash handout

Japan's government may offer 100,000 yen, or about 1,000 dollars, per person as part of economic measures in response to the coronavirus outbreak.

A senior official of the governing Liberal Democratic Party says Prime Minister Abe Shinzo discussed the matter with LDP Secretary General Nikai Toshihiro and Policy Research Council Chairman Kishida Fumio on Thursday.

Softbank Group To Sell 4.5 Tril. Yen In Assets

SoftBank Group to sell 4.5 tril. yen in assets

SoftBank Group is selling assets worth up to 4.5 trillion yen, or about 41 billion dollars. The Japanese IT giant will use the money to buy back its shares and reduce debt over the next 12 months.

Chairman and CEO Masayoshi Son says the move will strengthen the firm's balance sheet while significantly reducing debt. The coronavirus pandemic caused the group's share price to fall by half in the past month.

Yen Surges Amid Coronavirus Fears

Yen surges amid coronavirus fears

The Japanese yen has surged more than 3 percent against the US dollar on the Tokyo foreign exchange market, the highest level against the greenback since November of 2016.

Market watchers say investors rushed to sell dollars and buy yen on concerns that the spread of the coronavirus may seriously impact the global economy including the United States.