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Category Archives: Economy

Japan-Backed Power Plant in Indonesia Caught Avoiding Taxes and Violating Rights

The Indonesian coal mining conglomerate Adaro Energy, which is allied with the Japanese companies J-Power, Itochu, as well as a number of public and private Japanese banks, has been avoiding local taxes for more than a decade, depriving the Indonesian government of about US$125 million in income from 2009 to 2017, and has even been accused of provoking human rights abuses in the country.

Healthcare Worker Shortage a Silent Crisis

The World Health Organization estimates that there will be a shortage of 18 million healthcare workers by 2030. This equates to a 20% gap in the global capacity to provide healthcare services. Japan, which is already grappling with an aging society and its attendant problems, is at the forefront of this crisis.

LINE Pay Enters the Fray

The now ubiquitous Japanese messaging app LINE has unveiled it’s “LINE Pay” service in June, and announced that it would be expanding its financial services. LINE is partnering with megabank Mizuho to offer banking services: LINE will own 51% of the bank and Mizuho will own the other 49%. Additionally, it was announced that LINE Pay services will now work cooperatively with Chinese financial giant Tencent’s WeChat Pay.