Government Tightens Permanent Residency Requirements for Foreigners, Introduces New Criteria for Income and Pension

Government to Introduce New Income and Pension Requirements for Permanent Residency; Revocation for Tax Non-Payment Also Considered The government on the 25th finalized a policy to tighten permanent residency requirements for foreigners, requiring income at least as high as the average Japanese household and expected pension benefits equivalent to 30 years of enrollment in the Employees' Pension Insurance. The guidelines are to be revised in October and applied from spring next year. The draft guidelines also stipulate criteria for revoking permanent residency status in cases of intentional non-payment of taxes and social insurance premiums. 12

Crude Oil Alternative Procurement Also About 100% in July, Stockpile Release Postponed, Prime Minister Reports on X Prime Minister Takaichi reported in a post on X (formerly Twitter) on the 25th that the crude oil alternative procurement rate reached about 100% in July and clarified that the release of strategic reserves was postponed. This initiative aims to reduce dependence on the Middle East, which was disrupted by Trump tariffs, and maintains a high substitution rate following June. 3

Record Heavy Rain of 110 mm per Hour in Yamanashi, Japan Meteorological Agency Calls for Caution In the evening of the 25th, torrential rain of about 110 mm per hour was observed near Fuefuki City, Yamanashi Prefecture, and the Japan Meteorological Agency issued a record short-time heavy rain warning. It is necessary to be vigilant against landslides, flooding in low-lying areas, and rising rivers. 4