Aso’s Hidden Wealth: How “disclosure” works in Japan

Aso: Just what is he worth? Stippy investigates how Japan's politicians legally hide their true wealth from us
Aso: Just what is he worth? Stippy investigates how Japan's politicians (legally) hide their true wealth from the public, and pay incredibly low taxes on their real estate in the process
Have you made a donation to your local LDP politician lately? I hope not. If you read the Nikkei on the weekend of the 26th October you might have noticed the two page spread (p6~7) detailing the assets of the senior (and not so senior) members of the new Aso cabinet. Given the amount of corruption in Japanese bureaucracy, it sounds like a good idea to force a certain amount of disclosure so that citizens can understand where vested interests might lie, but does this really help us to discover the financial worth of the politicians here?

For a start, in Japan there is no need to disclose any bank deposits that are on call. With Japanese interest rates as they are, something like 60% Continue reading