Thanks.
Search found 11 matches
- Wed Feb 07, 2024 4:18 am
- Forum: Taxes
- Topic: Tax On FX Gains
- Replies: 4
- Views: 214
Re: Tax On FX Gains
- Wed Feb 07, 2024 4:17 am
- Forum: Taxes
- Topic: Tax On FX Gains
- Replies: 4
- Views: 214
Re: Tax On FX Gains
My understanding is you need to have a buy and a sell in order to trigger a taxable event. Just holding foreign currency won’t trigger it. So say you bought USD and sold JPY. Then later you sold USD back into JPY. The taxable profit would be calculated using the USD/JPY rate that applied to your tw...
- Tue Feb 06, 2024 6:47 am
- Forum: Taxes
- Topic: Tax On FX Gains
- Replies: 4
- Views: 214
Tax On FX Gains
On Sony Banks website they make it clear that you have to declare and pay tax on FX gains. Can anyone shed any light on how the tax office here deals with FX gains - what constitutes an FX gain, what triggers the tax, what period is it measured over etc - or point me in the direction of something I ...
- Thu Jan 11, 2024 1:35 am
- Forum: Banking
- Topic: SONY Bank - Time Deposits
- Replies: 5
- Views: 140016
Re: SONY Bank - Time Deposits
Here is the Japanese-language page describing Sony Bank's foreign-currency time deposits, available in the same 12 currencies as for regular fx accounts. You can use yen from your regular account to fund an fx time deposit (minimum of 100,000 yen), or simply use existing foreign-currency deposits t...
- Tue Jan 09, 2024 8:31 am
- Forum: Banking
- Topic: SONY Bank - Time Deposits
- Replies: 5
- Views: 140016
SONY Bank - Time Deposits
Can you do foreign currency Time Deposits at SONY?
I couldn't find any relevant info on their website. Is the account limited to holding foreign currency and FX transactions?
I couldn't find any relevant info on their website. Is the account limited to holding foreign currency and FX transactions?
- Thu Sep 21, 2023 11:45 pm
- Forum: RetireJapan for Dummies
- Topic: Opening Brokerage Account - SBI,Monex,Rakuten
- Replies: 5
- Views: 3205
Re: Opening Brokerage Account - SBI,Monex,Rakuten
They are not supposed to allow you to be a customer if you can't understand Japanese because it means they are unable to fulfill their obligations to inform you of the risks and compliance issues for having an account. I have accounts at all three of these companies and at least two required teleph...
- Thu Sep 21, 2023 11:44 pm
- Forum: RetireJapan for Dummies
- Topic: Opening Brokerage Account - SBI,Monex,Rakuten
- Replies: 5
- Views: 3205
- Thu Sep 21, 2023 6:29 am
- Forum: RetireJapan for Dummies
- Topic: Opening Brokerage Account - SBI,Monex,Rakuten
- Replies: 5
- Views: 3205
Opening Brokerage Account - SBI,Monex,Rakuten
How difficult is it to open an account with these local online brokers - could someone with zero Japanese language skills navigate the account opening procedures using google translate and other online translation tools? For those that have opened more than one account - is one broker's application ...
- Tue May 02, 2023 5:47 am
- Forum: Stock market investing
- Topic: Online Brokers - FX
- Replies: 2
- Views: 1940
Online Brokers - FX
I am looking to open an account with IB Japan in the near future. Not being able to read,write or speak Japanese pushed me towards IBJ. One issue with IBJ is FX. They only support JPY at present. My funds are in USD - so I would be looking at a double conversion to buy a USD denominated product. (I ...
- Thu Apr 27, 2023 4:29 am
- Forum: Stock market investing
- Topic: What is going on with Interactive Brokers Japan? Any updates?
- Replies: 15
- Views: 10613
Re: What is going on with Interactive Brokers Japan? Any updates?
FYI Sharing a response I received from IBJ re transferring funds, and purchasing products,in USD. Thank you for your interest in Interactive Brokers! Products remain in their denominated currencies. At this time, only JPY is currently supported in IBSJ accounts. Trading of non-JPY dominated products...