News Headlines - 24 July 2018

▽BOJ overstates household investment trust assets by staggering 30 trillion yen - The Mainichi

The Bank of Japan (BOJ) mistakenly recorded the amount of assets households held in investment trusts, producing a staggering figure 30 trillion yen (approximately $270 billion) higher than the actual amount, it has emerged.

▽Yamato says it overcharged corporate moving service clients by \1.7 billion | The Japan Times

Yamato Holdings Co. said Tuesday it has overcharged corporate moving service clients by \1.7 billion over the 24 months through June.
During the period the group handled 124,000 moves. Inappropriate charges were found for nearly 40 percent of the total, or about 48,000 cases, according to Yamato.

▽IOC preparing 'detailed heat countermeasures' for Tokyo 2020 as deadly temperatures hit Japan - CNN

With exactly two years to go until the Tokyo 2020 Olympics, Japan continues to swelter under searing heat... Temperatures have been almost 11 degrees hotter than the average at this time of year — the mercury rising to over 41 degrees (105.8F) in the city of Kumagaya, a short drive from the capital... The heatwave has prompted the International Olympic Committee (IOC) to outline the "detailed heat countermeasures" it's planning to protect athletes, fans and the workers who will put on the Games.

▽Ex-Foreign Minister Kishida not to run in LDP leadership race - The Mainichi

Former Foreign Minister Fumio Kishida said Tuesday he will not run in the upcoming Liberal Democratic Party leadership race, but instead will support Prime Minister Shinzo Abe's bid to win another term as LDP president that would make him Japan's longest serving prime minister.

▽Green Light for Japan Casinos Offers Jackpot to Businesses - Bloomberg

Now that Japan has passed a law outlining a road map for casino resorts, foreign operators from Las Vegas Sands Corp. to MGM Resorts International can start to seek out partners in their bid to tap a gaming market that may be worth as much as $25 billion. It could also be a boon for Japanese industries -- from companies that oversee a resort project to construction giants building infrastructure.
There is still a long road ahead, but talks between Japanese companies and Western operators will become more serious now that the government has given the green light. Local municipalities will eventually start requesting proposals from consortium groups that want to pitch their plans.