Author Archives: Makoto Shimada

Japanese Museum claims title to the Reynolds painting stolen in UK

Posted on: October 1, 2019 by Makoto Shimada

According to recent articles in the Antiques Trade Gazette, Art Newspaper and several other English papers, a painting by Sir Joshua Reynolds stolen in the UK has ended up in Japan at the collection of the Fuji Tokyo Art Museum (“the Museum”). The Museum claims that it purchased the work with valid title. Facts In […]

Changes on the way for Japan’s cultural property law

Posted on: July 19, 2018 by Makoto Shimada

On 1st June 2018, the Kokkai, the National Diet of Japan, enacted the Substantial Amendment to the Law for the Protection of Cultural Property. The new Act will come into force on 1st April 2019. Under the 1950 Law for the Protection of Cultural Properties, cultural property with historical or artistic value is selected by the government […]

Artworks now considered depreciable assets in Japan

Posted on: March 25, 2015 by Makoto Shimada

Over the last couple of months, Japanese companies have been flocking to galleries to purchase inexpensive artworks. This trend is a result of a significant governmental change in relation to taxation policy which was adopted from January 2015. According to the newly amended Corporate and Income Tax Law Interpretive Regulations announced by the National Tax […]