Overview
- Investigators say BAR TRADING JAPAN chief Jin Hase, 53, was detained on Oct. 30 on suspicion of defrauding a businesswoman of ¥126 million by pitching a fictitious Ishigaki Island redevelopment tied to a promised €10 million loan for a €1 million “guarantee” payment; he denies the allegations.
- Police are examining flows from roughly ¥14 billion received from about 10 companies in 2020–21, with funds believed to include overseas transfers and payments linked to a soccer team’s sponsorship and a coach’s remuneration.
- The Bank of Japan decided to delay a policy rate hike, opting to wait for clearer signals despite concerns that a longer pause could add to price pressures.
- U.S. stocks rebounded on Oct. 30 after the U.S.–China leaders’ meeting eased trade-friction worries, with the Dow up about 208 points by late morning in New York.
- Japan’s transport ministry has presented a plan to extend Sapporo’s Okadama Airport runway to 1,800 meters, a change that would enable longer-distance routes if approved.