Local News

The Fukuoka and Kumamoto Regional Tax Bureaus released information from Kyushu corporate income statements for FY 2008 that shows aggregate corporate income in the region during the year fell 23.4% from the previous year to 1.4789 trillion yen. This was the sharpest year-on-year decline since the record year of 1989, and the amount of income reported is the lowest in the past 20 years. The largest decline among the prefectures was 27.4% for Fukuoka Prefecture, which accounts for more than 50% of the region’s corporate income.