RetireJapan

... With the JPY were it is now, a year abroad probably starts at ¥3,000,000 and the sky is the limit. ... For a while now, national uni have had a very nice exchange system with other uni around the world. While you do have to test into it--be accepted at the school here (as being their sponsoree?...

The purpose of the rules is for Japanese, so that people don't just leave Japan to get an inheritance out of the way, and then (probably) come back. Foreigners just happen to be caught up in it, too. I have some sympathy for Japan's approach. It attenuates intergenerational wealth transfer and accum...

Tsumitate Wrestler wrote: ↑Mon Apr 22, 2024 10:15 am Just a fun reminder for individuals that bicycle insurance (which is mandatory in most prefectures {150-300 yen a month}) is actually personally liability insurance and covers more than just cycle accidents.

Just renewed mine a few weeks ago--plan E, ¥4290/yr.

adamu wrote: ↑Sun Apr 21, 2024 2:28 pm Apparently the odds of being struck by lightning in a lifetime are in the 1:10,000s

Happy to contribute to the discussion

Had to google that...

Okay, thanks--I guess I'll start looking beginning with as much of the links that come thru.

... Best reference is here - Page 8 (page 12 of the PDF) Calculating the Public Pension Plan Deduction (Calculation Table) https://www.tax.metro.tokyo.lg.jp/book/ ... k2023e.pdf Also here - Bottom of Page 22 https://www.nta.go.jp/taxes/shiraberu/s ... df/050.pdf So, You get your Base Deduction of Y...

... (1) No, Japan has primary call, and taxes paid in the US on US Sourced income can be claimed as a Foreign Tax Credit against tax on the same income in Japan. (2) Japan has primary call, and taxes paid in Japan on Japan Sourced income can be claimed as a Foreign Tax Credit against tax on the sam...

Tho things may have changed, I've read that Wise is good for small transfers, up to maybe ¥6-700,000. For a larger amount (over ¥1m) you'd need to do multiple transfers (=less cost effective as the overall amount gets larger). https://www.reddit.com/r/JapanFinance/wiki/index/handling/transfers I wou...

If you're US, don't buy mutual funds here--all are PFICs according to US rules, and a humongous tax, and tax prep, headache.

If you're not US, then ignore that.