On October 16, 1992, Japan’s National Tax Administration Agency announced that, with the cooperation of the Internal Revenue Service, it has obtained documents regarding questionable Hawaiian real estate transactions. The NTAA collected the documents between March and April of this year jointly by NTAA and IRA officials. NTAA visited the U.S. on special assignment. The documents covered 274 real estate transactions worth $140 million concluded between 1989 and 1991 by Japanese nationals living in Japan…[more]