Japan · Country watch
Japan Launches Disaster Agency, Tax Refunds for Tourists
Japan strengthens disaster response with a new agency and changes tax refund rules for foreign tourists, impacting retail and public-sector operations.
The picture Improving How this is judged →
Business conditions in Japan are improving with the launch of a new disaster response agency and updated tax refund rules for tourists, enhancing public-sector efficiency and retail operations.
Flare-up watch: Calm (−0.3) · How this is judged → · All Japan briefings →
In this briefing Disaster Prevention Agency · Government of Japan · Masatoshi Kumagai · GMO Internet Group
Regulation
Japan launches new disaster response agency
Japan has established a new disaster response agency, the Disaster Prevention Agency, which commenced operations on November 2, according to NHK. The agency aims to enhance Japan's disaster response capabilities, covering prevention, immediate response, and recovery efforts. This move is part of the government's strategy to strengthen its disaster management framework, ensuring a more coordinated and efficient approach to natural disasters.
Impact Public-sector operations will benefit from improved disaster response coordination, potentially reducing recovery times and costs.
Sources: NHK ↗
Japan changes tax refund system for tourists
Japan has implemented a new tax refund system for foreign tourists starting November 1, according to NHK. Previously, foreign visitors could receive tax exemptions at the point of sale for purchases such as souvenirs. However, due to abuse of the system, a refund method has been introduced. Tourists will now pay the consumption tax at the time of purchase and apply for a refund later, streamlining the process and reducing fraudulent claims.
Impact Retailers and tourism operators will need to adjust to the new tax refund process, affecting sales and customer service operations.
Sources: NHK ↗
Companies
GMO Internet Group to address cyberattack incidents
GMO Internet Group CEO Masatoshi Kumagai will hold a news conference on Monday to discuss a series of unauthorized access incidents, JapanTimes reports. The company has faced cyberattacks affecting its operations, prompting this public address. Details of the incidents and the company's response strategy are expected to be disclosed during the conference.
Impact Technology firms and investors in GMO Internet Group will monitor the company's response to cyber threats, influencing security measures and stock performance.
Watch GMO's news conference on Monday
Sources: JapanTimes ↗
Nothing significant reported today in Disruption · Internal tension · Safety & health · Markets · Trade · Politics.
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Sources in this briefing
- NHK 2
- JapanTimes 1
Sources: each headline links to the original article on the publisher's site.
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