RetireJapan

MooMoo is not ready for prime time as far as NISA goes because they only offer Japanese and foreign stocks (ie. no mutual funds) which means that you cannot invest in the tsumitate portion of NISA. You can invest in the growth portion of NISA but only if you want to go with ETFs or individual stocks...

SBI Shinsei Bank also offers similar products. Interest for funds from JPY to USD is higher than having USD from the beginning. I don't know the rationale behind it, but it seems Prestia is basically doing the same thing. Although they don't start from JPY, they do require the USD funds to come fro...

What's the general consensus of the veterans regarding USD time deposits at Japanese banks? I just saw Prestia's currently offering a pretty generous 6.5% annual interest on a 3 month USD time deposit, provided you send them the funds in USD from a competing Japanese bank. https://www.smbctb.co.jp/e...

That should do it. I gave them a screenshot before of the transaction details from an overseas financial institution. It was all done via email. They send you an email once they initially stop the funds aimed for your Sony bank account. Thanks. I arranged to open a foreign currency account at Sony ...

Thanks. It seems that both Monex and SBI are aware that interest-related dividends are not subject to US withholding tax and that their local custodian makes adjustments to any withholding tax withheld from interest-related dividends on ETFs. This means I suppose that if I hold US Treasury Bond ETF...

Would that Nissay Index Balanced Fund be the core of your portfolio? This one, I guess: https://www.nam.co.jp/report/pdf/mo121534-1.pdf It would be massively overweight Japan, given that Japan only accounts for about 5% or 6% of global market cap (and therefore the All Country fund) https://www.sta...

I'm wondering whether the National Tax Agency in Japan will let you claim tax credit on not just the taxes withheld by the IRS in the US, but also on the taxes withheld by the originating countries of the stocks held in the Vanguard ETFs For a tokutei kouza, the annual witholding statement only inc...

Is it possible to claim foreign tax credit on these tax amounts paid to foreign tax authorities by the US ETF or funds, so that you get to avoid triple taxation by the originating country Don't think so. I'm talking about Japanese tax credits. I'm not sure about US. The Vanguard document is intende...

It might be quite tax-inefficient, especially in a NISA due to not being able to claim the foreign dividend deduction on the US tax. https://retirewiki.jp/wiki/Japanese_global_index_funds#Comparison_with_US_ETFs That's true. Might be something to be said for a balanced fund which overweights Japane...

I usually file for foreign tax credit on the taxes withheld by my US online broker's clearing house but have never considered whether it might be possible to file for foreign tax credit on the taxes withheld by the originating countries of dividends on international stocks and bonds held by say VXUS...