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Minister eyes over 2.5%-point cut in Japan's corporate tax

Minister eyes over 2.5%-point cut in Japan's corporate tax

TOKYO, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa answers reporters' questions at a hotel in Tokyo on Nov. 10, 2014, on Japan's current 35 percent effective corporate tax rate. Miyazawa said he will aim for a cut of "more than 2.5 percentage points" in the tax rate in the fiscal year starting April 2015.

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Japan and U.S. to launch joint research on methane hydrate

Japan and U.S. to launch joint research on methane hydrate

TOKYO, Japan - (From L to R) Hirobumi Kawano, president of Japan Oil, Gas and Metals National Corp., Japanese Economy, Trade and Industry Minister Yoichi Miyazawa, U.S. Ambassador to Japan Caroline Kennedy and Christopher Smith, principal deputy assistant secretary for fossil energy at the U.S. Energy Department, pose for a photo in Tokyo on Nov. 6, 2014, after signing documents to launch joint research into the development of methane hydrate, an energy source also known as burning ice.

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Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa (R) shakes hands with Kagoshima Gov. Yuichiro Ito ahead of their talks at the prefectural government offices on Nov. 3, 2014, on the central government's plan to restart the Sendai nuclear power plant in the southwestern Japan prefecture.

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Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Photo shows Kyushu Electric Power Co.'s nuclear power plant in the city of Satsumasendai, Kagoshima Prefecture, on Nov. 3, 2014. The same day, Economy, Trade and Industry Minister Yoichi Miyazawa visited the complex, which is expected to be the first nuclear plant to be brought back online under new safety regulations adopted after the March 2011 Fukushima Daiichi nuclear disaster.

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Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - People rally against the planned restart of the Sendai nuclear power plant in Kagoshima Prefecture on Nov. 3, 2014, outside the prefectural government offices. The same day, Economy, Trade and Industry Minister Yoichi Miyazawa held talks with Kagoshima Gov. Yuichiro Ito at the prefectural government offices on the central government's plan to restart the Sendai nuclear plant in the southwestern Japan prefecture.

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Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa (far R) talks to Kyushu Electric Power Co. workers at the utility's nuclear power plant in the city of Satsumasendai, Kagoshima Prefecture, on Nov. 3, 2014.

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Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa (R front) holds talks with Kagoshima Gov. Yuichiro Ito (L front) at the prefectural government offices on Nov. 3, 2014, on the central government's plan to restart the Sendai nuclear power plant in the southwestern Japan prefecture.

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Industry minister Miyazawa visits Fukushima plant

Industry minister Miyazawa visits Fukushima plant

FUKUSHIMA, Japan - Industry minister Yoichi Miyazawa (C), on his first visit to the disaster-hit Fukushima Daiichi nuclear power plant since assuming his post, speaks to Tokyo Electric Power Co. workers at the site on Nov. 1, 2014. (Pool photo)

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Industry minister Miyazawa visits Fukushima plant

Industry minister Miyazawa visits Fukushima plant

FUKUSHIMA, Japan - Industry minister Yoichi Miyazawa, on his first visit to the disaster-hit Fukushima Daiichi nuclear power plant since assuming his post, speaks to Tokyo Electric Power Co. workers at the site on Nov. 1, 2014. (Pool photo)

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Industry minister Miyazawa visits Fukushima plant

Industry minister Miyazawa visits Fukushima plant

FUKUSHIMA, Japan - Industry minister Yoichi Miyazawa (R), wearing a protective suit while on his first visit to the disaster-hit Fukushima Daiichi nuclear power plant since assuming his post, inspects the site on Nov. 1, 2014. (Pool photo)

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Ministers criticized over funds irregularities

Ministers criticized over funds irregularities

TOKYO, Japan - Industry minister Yoichi Miyazawa (L) and Environment Minister Yoshio Mochizuki attend a lower house plenary session on Oct. 28, 2014, in Tokyo. They have come under increasing scrutiny for their handling and reporting of political funds.

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CORRECTED Industry minister says will sell off TEPCO shares when term ends

CORRECTED Industry minister says will sell off TEPCO shares when term ends

TOKYO, Japan - CORRECTING NAME OF POWER PLANT Industry minister Yoichi Miyazawa tells a session of the House of Councillors Committee on Economy, Trade and Industry in Tokyo on Oct. 28, 2014, that he intends to sell the Tokyo Electric Power Co. shares he owns when he ends his term and donate the proceeds to the revival of Fukushima, the prefecture hit hardest by the nuclear crisis at TEPCO's Fukushima Daiichi nuclear power plant. Miyazawa, who took office the previous week, has come under fire following the revelation he holds 600 shares in TEPCO, raising questions about the independence of the minister in charge of overseeing the power sector.

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Industry minister's party chapter got donations from foreign-owned firm

Industry minister's party chapter got donations from foreign-owned firm

TOKYO, Japan - Industry minister Yoichi Miyazawa speaks with reporters at his ministry in Tokyo on Oct. 27, 2014. Miyazawa said the political party chapter he heads had received from a foreign-owned firm donations banned under the political funds control law.

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Miyazawa's fund group booked S&M bar spending in fund report

Miyazawa's fund group booked S&M bar spending in fund report

TOKYO, Japan - Japan's new industry minister Yoichi Miyazawa attends a Diet panel in Tokyo on Oct. 23, 2014, when it was reported that his fund management group spent money at a bar featuring S&M performances and booked the outlay as expenses related to political activities. While he confirmed the spending, he said he did not visit the bar.

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New industry minister Miyazawa attends press conference

New industry minister Miyazawa attends press conference

TOKYO, Japan - Japan's new Economy, Trade and Industry Minister Yoichi Miyazawa meets with reporters at his ministry on Oct. 21, 2014, following an attestation ceremony. He shows his willingness to resume operations of nuclear power plants once their safety is confirmed.

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Japan's new industry minister attends attestation ceremony

Japan's new industry minister attends attestation ceremony

TOKYO, Japan - Japan's new Economy, Trade and Industry Minister Yoichi Miyazawa arrives at the Imperial Palace in Tokyo on Oct. 21, 2014, to attend an attestation ceremony. Miyazawa succeeded Yuko Obuchi, who resigned over political funds scandal the previous day.

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2 female ministers resign

2 female ministers resign

TOKYO, Japan - Yoichi Miyazawa, who was picked by Prime Minister Shinzo Abe to become industry minister, enters Abe's office in Tokyo on Oct. 20, 2014. Miyazawa will succeed Yuko Obuchi, who resigned earlier in the day due to a money scandal.

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Japan's ruling bloc adopts sales tax hike exemption

Japan's ruling bloc adopts sales tax hike exemption

Liberal Democratic Party tax panel chief Yoichi Miyazawa and his Komeito party counterpart Tetsuo Saito attend a press conference in Tokyo on Dec. 16, 2015. The two ruling parties formally adopted tax reform policies for fiscal 2016 including the exemption of all food items except those served at restaurants from the planned consumption tax hike in April 2017. (Kyodo) ==Kyodo

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Ruling bloc adopts sales tax hike exemption, other tax reform plans

Ruling bloc adopts sales tax hike exemption, other tax reform plans

Liberal Democratic Party tax panel chief Yoichi Miyazawa and his Komeito party counterpart Tetsuo Saito attend a press conference in Tokyo on Dec. 16, 2015. The two ruling parties formally adopted tax reform policies for fiscal 2016, including the exemption of all food items except those served at restaurants from the planned consumption tax hike in April 2017. (Kyodo) ==Kyodo

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Abe orders preparation of multiple rates for 2017 sales tax hike

Abe orders preparation of multiple rates for 2017 sales tax hike

Former industry minister Yoichi Miyazawa, who is to become chairman of the ruling Liberal Democratic Party's tax panel, is surrounded by reporters after meeting with Prime Minister Shinzo Abe in Tokyo on Oct. 14, 2015. Abe ordered Miyazawa to prepare for the introduction of multiple tax rates under the planned consumption tax hike in April 2017. (Kyodo) ==Kyodo

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Abe orders preparation of multiple rates for 2017 sales tax hike

Abe orders preparation of multiple rates for 2017 sales tax hike

Prime Minister Shinzo Abe arrives at his office in Tokyo on Oct. 14, 2015. Abe met with former industry minister Yoichi Miyazawa, who is to become chairman of the ruling Liberal Democratic Party's tax panel, to order preparations for the introduction of multiple tax rates under the planned consumption tax hike in April 2017. (Kyodo) ==Kyodo

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Japan's economy minister Miyazawa meets ASEAN counterparts

Japan's economy minister Miyazawa meets ASEAN counterparts

Economy, Trade and Industry Minister Yoichi Miyazawa (C) of Japan poses for photos at the 21st AEM-METI Consultations in Kuala Lumpur on Aug. 23, 2015, with some of his counterparts from the Association of Southeast Asian Nations member states. (Kyodo) ==Kyodo

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Fishermen OK TEPCO's plan to dump Fukushima plant water into sea

Fishermen OK TEPCO's plan to dump Fukushima plant water into sea

Hiroshi Kishi (L), chairman of the National Federation of Fisheries Cooperative Associations, and Economy, Trade and Industry Minister Yoichi Miyazawa pose for a photo at the ministry in Tokyo on Aug. 25, 2015. Kishi conveyed to Miyazawa the federation's approval of a plan by Tokyo Electric Power Co. to pump up contaminated groundwater continuously flowing into the stricken Fukushima Daiichi nuclear station and dump it into the ocean after removing almost all radioactive materials from it. (Kyodo) ==Kyodo

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Japan reboots nuclear reactor after 2-yr lull amid safety concern

Japan reboots nuclear reactor after 2-yr lull amid safety concern

Yoichi Miyazawa, Japan's minister of economy, trade and industry, speaks at a press conference in Tokyo on Aug. 11, 2015. The steady process of restarting idled nuclear plants is necessary for sound economic growth and stability in people's lives, Miyazawa said, referring to the day's resumption of the No. 1 reactor at Kyushu Electric Power's Sendai nuclear plant in southwestern Japan. (Kyodo) ==Kyodo

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Japan to launch hospitality accreditation for inns, eateries

Japan to launch hospitality accreditation for inns, eateries

Economy, Trade and Industry Minister Yoichi Miyazawa speaks to reporters in Tokyo on July 13, 2015, about the government's plan to introduce an accreditation program to identify restaurants, inns and other facilities that provide a certain level of "omotenashi," or Japanese-style hospitality, to guests in an effort to attract foreign visitors as Tokyo prepares to host the 2020 Olympics. (Kyodo) ==Kyodo

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Industry ministry, TSE pick 18 "competitive IT strategy" firms

Industry ministry, TSE pick 18 "competitive IT strategy" firms

Economy, Trade and Industry Minister Yoichi Miyazawa speaks at a gathering in Tokyo on May 26, 2015, to announce the selection of 18 Japanese companies regarded as having "competitive information technology strategy." The firms were chosen by the Economy, Trade and Industry Ministry and the Tokyo Stock Exchange from among those listed in the TSE's First (major) Section. (Kyodo) ==Kyodo

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Trade minister Miyazawa meets with African counterparts

Trade minister Miyazawa meets with African counterparts

Photo taken on May 30, 2015, shows the Japan-African Ministerial Meeting for Resources Development held in Tokyo, with Japan's trade minister Yoichi Miyazawa attending. Miyazawa and representatives of 16 African nations agreed to enhance their cooperation in boosting resource development. (Kyodo) ==Kyodo

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Trade minister Miyazawa meets with African counterparts

Trade minister Miyazawa meets with African counterparts

Japanese trade minister Yoichi Miyazawa (R) addresses the Japan-Africa Ministerial Meeting for Resources Development in Tokyo on May 30, 2015. Representatives from 16 African nations took part. (Kyodo) ==Kyodo

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Trade minister Miyazawa meets with African counterparts

Trade minister Miyazawa meets with African counterparts

Japanese trade minister Yoichi Miyazawa (C on front) and representatives from 16 African nations pose for photos during the Japan-Africa Ministerial Meeting for Resources Development in Tokyo on May 30, 2015. They agreed to enhance their cooperation in boosting resource development. (Kyodo) ==Kyodo

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Japan, U.S. trade ministers meet on Philippine resort island

Japan, U.S. trade ministers meet on Philippine resort island

Japanese Economy, Trade and Industry Minister Yoichi Miyazawa shakes hands with U.S. Trade Representative Michael Froman before their talks on the sidelines of a meeting of trade ministers of the Asia-Pacific Economic Cooperation forum on the resort island of Boracay in the Philippines on May 23, 2015. (Kyodo) ==Kyodo

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Miyazawa attends APEC trade ministers' meeting on Philippine island

Miyazawa attends APEC trade ministers' meeting on Philippine island

Japanese Economy, Trade and Industry Minister Yoichi Miyazawa (C) attends a two-day meeting of trade ministers of the Asia-Pacific Economic Cooperation forum that opened on the Philippine resort island of Boracay on May 23, 2015. (Kyodo) ==Kyodo

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Inpex acquires interest in crude oilfield in Abu Dhabi

Inpex acquires interest in crude oilfield in Abu Dhabi

Yoichi Miyazawa, Japan's minister of economy, trade and industry, announces on April 27, 2015 that energy developer Inpex Corp. has signed a 40-year contract to obtain a 5 percent stake in an oil concession in Abu Dhabi, the United Arab Emirates. (Kyodo) ==Kyodo

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Cabinet OKs bill to achieve final stage of power sector reform

Cabinet OKs bill to achieve final stage of power sector reform

Economy, Trade and Industry Minister Yoichi Miyazawa attends a press conference at his ministry in Tokyo on March 3, 2015, after the Cabinet approved a bill to implement the separation of electricity generation and transmission in April 2020 as the final stage of a three-stage shakeup of Japan's power industry in the wake of the 2011 Fukushima crisis. (Kyodo) ==Kyodo

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LDP's tax panel chief explains reduced-rate consumption tax plan

LDP's tax panel chief explains reduced-rate consumption tax plan

Yoichi Miyazawa, head of the ruling Liberal Democratic Party's tax panel, indicates in an interview with Kyodo News in Tokyo on Oct. 20, 2015, that he wants to narrow down the scope of food items eligible for a reduced consumption tax rate at 8 percent when it is raised to 10 percent in April 2017. The Komeito party, the LDP's junior coalition partner, is calling for the inclusion of all food items, except alcoholic beverages, into the reduced rate list. (Kyodo) ==Kyodo

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Minister eyes over 2.5%-point cut in Japan's corporate tax

Minister eyes over 2.5%-point cut in Japan's corporate tax

TOKYO, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa answers reporters' questions at a hotel in Tokyo on Nov. 10, 2014, on Japan's current 35 percent effective corporate tax rate. Miyazawa said he will aim for a cut of "more than 2.5 percentage points" in the tax rate in the fiscal year starting April 2015. (Kyodo)

  •  
Japan and U.S. to launch joint research on methane hydrate

Japan and U.S. to launch joint research on methane hydrate

TOKYO, Japan - (From L to R) Hirobumi Kawano, president of Japan Oil, Gas and Metals National Corp., Japanese Economy, Trade and Industry Minister Yoichi Miyazawa, U.S. Ambassador to Japan Caroline Kennedy and Christopher Smith, principal deputy assistant secretary for fossil energy at the U.S. Energy Department, pose for a photo in Tokyo on Nov. 6, 2014, after signing documents to launch joint research into the development of methane hydrate, an energy source also known as burning ice. (Kyodo)

  •  
Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa (R) shakes hands with Kagoshima Gov. Yuichiro Ito ahead of their talks at the prefectural government offices on Nov. 3, 2014, on the central government's plan to restart the Sendai nuclear power plant in the southwestern Japan prefecture. (Kyodo)

  •  
Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Economy, Trade and Industry Minister Yoichi Miyazawa (R front) holds talks with Kagoshima Gov. Yuichiro Ito (L front) at the prefectural government offices on Nov. 3, 2014, on the central government's plan to restart the Sendai nuclear power plant in the southwestern Japan prefecture. (Kyodo)

  •  
Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - People rally against the planned restart of the Sendai nuclear power plant in Kagoshima Prefecture on Nov. 3, 2014, outside the prefectural government offices. The same day, Economy, Trade and Industry Minister Yoichi Miyazawa held talks with Kagoshima Gov. Yuichiro Ito at the prefectural government offices on the central government's plan to restart the Sendai nuclear plant in the southwestern Japan prefecture. (Kyodo)

  •  
Planned restart of nuclear power plant in Kagoshima

Planned restart of nuclear power plant in Kagoshima

SATSUMASENDAI, Japan - Photo shows Kyushu Electric Power Co.'s nuclear power plant in the city of Satsumasendai, Kagoshima Prefecture, on Nov. 3, 2014. The same day, Economy, Trade and Industry Minister Yoichi Miyazawa visited the complex, which is expected to be the first nuclear plant to be brought back online under new safety regulations adopted after the March 2011 Fukushima Daiichi nuclear disaster. (Kyodo)

  •  
Industry minister Miyazawa visits Fukushima plant

Industry minister Miyazawa visits Fukushima plant

FUKUSHIMA, Japan - Industry minister Yoichi Miyazawa, on his first visit to the disaster-hit Fukushima Daiichi nuclear power plant since assuming his post, speaks to Tokyo Electric Power Co. workers at the site on Nov. 1, 2014. (Pool photo)(Kyodo)

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Industry minister says will sell off TEPCO shares when term ends

Industry minister says will sell off TEPCO shares when term ends

TOKYO, Japan - Industry minister Yoichi Miyazawa tells a session of the House of Councillors Committee on Economy, Trade and Industry in Tokyo on Oct. 28, 2014, that he intends to sell the Tokyo Electric Power Co. shares he owns when he ends his term and donate the proceeds to the revival of Fukushima, the prefecture hit hardest by the nuclear crisis at TEPCO's Fukushima Dainichi nuclear power plant. Miyazawa, who took office the previous week, has come under fire following the revelation he holds 600 shares in TEPCO, raising questions about the independence of the minister in charge of overseeing the power sector. (Kyodo)

  •  
Industry minister's party chapter got donations from foreign-owned firm

Industry minister's party chapter got donations from foreign-owned firm

TOKYO, Japan - Industry minister Yoichi Miyazawa speaks with reporters at his ministry in Tokyo on Oct. 27, 2014. Miyazawa said the political party chapter he heads had received from a foreign-owned firm donations banned under the political funds control law. (Kyodo)

  •  
Miyazawa's fund group booked S&M bar spending in fund report

Miyazawa's fund group booked S&M bar spending in fund report

TOKYO, Japan - Japan's new industry minister Yoichi Miyazawa attends a Diet panel in Tokyo on Oct. 23, 2014, when it was reported that his fund management group spent money at a bar featuring S&M performances and booked the outlay as expenses related to political activities. While he confirmed the spending, he said he did not visit the bar. (Kyodo)

  •  
New industry minister Miyazawa attends press conference

New industry minister Miyazawa attends press conference

TOKYO, Japan - Japan's new Economy, Trade and Industry Minister Yoichi Miyazawa meets with reporters at his ministry on Oct. 21, 2014, following an attestation ceremony. He shows his willingness to resume operations of nuclear power plants once their safety is confirmed. (Kyodo)

  •  
LDP to mull higher tax on heat-not-burn tobacco products

LDP to mull higher tax on heat-not-burn tobacco products

Yoichi Miyazawa, head of the ruling Liberal Democratic Party's tax panel, speaks to a group of reporters at the LDP's headquarters in Tokyo on Sept. 7, 2017. Miyazawa said the LDP will consider raising the tax rate on heat-not-burn tobacco products, which is currently lower than that on conventional cigarettes, under an upcoming review of the current system toward year-end. (Kyodo) ==Kyodo

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LDP to mull higher tax on heat-not-burn tobacco products

LDP to mull higher tax on heat-not-burn tobacco products

Yoichi Miyazawa, head of the ruling Liberal Democratic Party's tax panel, speaks to a group of reporters at the LDP's headquarters in Tokyo on Sept. 7, 2017. Miyazawa said the LDP will consider raising the tax rate on heat-not-burn tobacco products, which is currently lower than that on conventional cigarettes, under an upcoming review of the current system toward year-end. (Kyodo) ==Kyodo

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LDP agrees on 1.5 mil. yen income cap for spousal tax deduction

LDP agrees on 1.5 mil. yen income cap for spousal tax deduction

The Liberal Democratic Party's tax commission chief Yoichi Miyazawa speaks at a commission meeting in Tokyo on Nov. 24, 2016. The LDP basically agreed to raise the income threshold for the spousal tax deduction system to 1.5 million yen ($13,300) from 1.03 million yen to encourage greater workforce participation by women. (Kyodo) ==Kyodo

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Japan eyes unified tax rate on all beer-like products

Japan eyes unified tax rate on all beer-like products

Yoichi Miyazawa, chief of the Liberal Democratic Party's tax commission, gives an interview to Kyodo News and other media in Tokyo on Nov. 18, 2016. The Japanese government and ruling parties plan to propose unifying the tax rates on beer and beer-like drinks under fiscal 2017 tax reforms, ruling party sources said the same day. (Kyodo) ==Kyodo

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