Word: ichimada
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Dates: during 1950-1959
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...Ministry of Justice last week came an ominous announcement: starting next January, Japanese police will investigate "all activities-both public and private-of foreign residents." The announcement meant that the Japanese government was putting teeth in the tough new tax rules laid down for foreigners by Finance Minister Hisato Ichimada, and was planning to use the police to get reports on everything from house rent to laundry bills. It was further harsh evidence of worsening relations between U.S. businessmen and the Japanese government...
Under Minister Ichimada's new rules, U.S. businessmen in Japan will pay up to 65% tax on all income, whether earned in Japan or elsewhere, e.g., stock dividends received in the U.S. are taxable. Headlined Tokyo's big (circ. more than 4,000,000) Asahi Shimbun: NEW TAXES MAKE FOREIGN BLUE EYES...
Unequal Equality. Finance Minister Ichimada has decided to cancel the favorable tax deal given foreigners since 1951, make everyone pay the same stiff tax as Japanese. While that sounds fair, U.S. businessmen in Japan complain bitterly that the treatment they get is far from equal. Though many Japanese businessmen make big salaries, ride around in Cadillacs and spend freely, only a handful (400 in 1954) declare salaries as high as $15,000 a year. An executive in a big firm may declare a weekly salary of $100-and pay taxes on it. But his salary is only the beginning...
Although confident of ultimate U.S. victory over Communism, most Japanese are disturbed about the time it would take the U.S. to mobilize. With Russia and Red China facing them on the mainland, Japanese have started thinking about rearmament. Hisato Ichimada, governor of the Bank of Japan, recently said: "Rearmament is a question forced upon Japan by the international situation." Premier Shigeru Yoshida, who would like to use rearmament as a treaty bargaining point, last week cautiously added his agreement...