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.
A roundup of the most significant news stories from Japan reported on March 27, 2019.
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.
Japanese activists call upon three major Japanese banks to disinvest from the Dakota Access Pipeline