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81 votes
Accepted

Is Saikyo Sakura Assets Holding a legit company?

If you had a 50%+ roi trading opportunity, would your first response be to patiently ring up strangers and sell it to them? Big hedge funds fight each other to outrun the S&P by a few percentage ...
Philip's user avatar
  • 5,768
40 votes

We don't own the land so is our house nearly worthless?

That is quite common in Japan - an average house depreciates to zero in about two decades. And many houses are commonly built on land that belongs to someone else, much like your situation. That's why ...
Radovan Garabík's user avatar
26 votes
Accepted

Why does the Nikkei 225 appear to be such a bad long-term investment?

The Japanese economy has had a unique history, with a huge bubble in the 1980s and a long unwinding afterward. I don't see why that would result in a market that appears to have brief periods of ...
nanoman's user avatar
  • 29.7k
19 votes

Is Saikyo Sakura Assets Holding a legit company?

A few red flags to me: I searched the company name in Japanese, and there are absolutely zero hits in Japanese. Not a one. That is bizarre. Their website is in English only. That is also, to me, ...
kiss-o-matic's user avatar
15 votes

Is Saikyo Sakura Assets Holding a legit company?

kiss-o-matic's answer really covered it. There's basically 0 chance this place is real. The address for their "headquarters" in Osaka doesn't seem to exist, and for their website and social media to ...
briantist's user avatar
  • 3,014
15 votes

Is Saikyo Sakura Assets Holding a legit company?

They appear to be a legit company, however there's nothing to say the person you talked to has anything to do with them. OSAKA, Japan--(BUSINESS WIRE)--Japanese Wealth Management company Saikyo ...
computercarguy's user avatar
9 votes

We don't own the land so is our house nearly worthless?

Separating land ownership from structures on the land is a pretty normal process everywhere--it's called a lease. Typically, people pay rent on a lease, but there are other leases based on rendering ...
Mox's user avatar
  • 191
6 votes
Accepted

How do you read a Total Returns chart?

First, a few warnings (so that you know what to do if you decide to use in the future the series in the graph you have shared): The series in the graph is actually called "Nikkei 225 Total ...
Alper's user avatar
  • 816
5 votes

Where to save for retirement

This is a complicated tax issue that has a lot of implications. The draw to retirement accounts is preferential taxation. But preferential taxation assumes other jurisdictions will honor that ...
quid's user avatar
  • 49k
4 votes
Accepted

Where to save for retirement

I have no idea about retirement in Japan, but.... In the US you can have retirement accounts that actually contain your own money. That tends to not be the case in Europe. In Europe you get ...
xyious's user avatar
  • 2,778
4 votes

Where to save for retirement

As a US citizen formerly living in the Netherlands, I looked into some aspects of this. The short answer is that it is extremely complicated and full of potential pit falls. Your best bet is to find ...
Eric's user avatar
  • 3,642
4 votes
Accepted

Parceling a Violin from Japan to Bangladesh

There is a 10% VAT in Japan, ask your friend to get the shop to arrange a tax rebates for foreign purchase. Then you need to pay the customs duty when import into Bangladesh, it can be arranged by the ...
mootmoot's user avatar
  • 4,183
3 votes
Accepted

Japanese scammer through shipping proxy

I think you should start with your second option. Contact the relevant bank or credit card issuer and dispute the charge. That is the only participant in this circus that would seem to have any hope ...
Freiheit's user avatar
  • 8,742
3 votes

Is Saikyo Sakura Assets Holding a legit company?

I have been involved with them. This is what happened so far: January: As described above I was also approached for buying a stock that should have a great ROI. I bought it for the minimum amount of ...
Juan's user avatar
  • 31
3 votes
Accepted

US Citizen working in Japan for a Japanese company, and also remotely for a US company. What's my tax situation?

A few points: First, the foreign income exclusion is not available to you in 2019; to qualify, your "tax home" must be outside the US for the full year. Second, to qualify for the exclusion in 2020 (...
Jack Fleeting's user avatar
3 votes

How to invest in stocks / Mutual funds in Japan?

You're asking two different questions: 1. how to invest on the Japanese exchanges, and 2. what the tax rates are. The easiest way to invest on the Japanese exchanges, if you're American, is to use a ...
zizzler's user avatar
  • 161
3 votes

Money in Japanese bank account, I'm in the UK, and want to buy a house in the UK; what's the simplest way?

I think this is really two questions: How do I best transfer the money from Japan to UK? When in the house purchase process do I need to do this? Dumbcoder has already answered part 1 in a comment -...
Vicky's user avatar
  • 24k
2 votes

Are index-tracking ETF popular in Japan?

The Japanese stock market offers a wide selection of popular ETFs tracking the various indices and sub-indices of the Tokyo Stock Exchange. See this page from the Japan Exchange Group site for a ...
not-nick's user avatar
  • 6,418
2 votes

What to do with your savings in Japan

Been here in Japan 12 years mate, and you're right, the investment options here suck. Be very wary of them, they will take all your money in outrageous fees--3% in and 3% out of some "investment" ...
ChatGPT's user avatar
  • 151
2 votes

What should one do with extra Japanese Yen, if they're not planning to stay in Japan?

A few thousand bucks? I'd swap to the currency of whatever country you're going to next.
quid's user avatar
  • 49k
2 votes
Accepted

Is the Japanese Yen backed by huge US Dollar savings?

Japan would seem to hold over 2 trillion dollars worth of US equities, long and short term debt at least as of June 30th 2019. It's had at that time the largest foreign (i.e. non US) holding of any ...
Robert Longson's user avatar
2 votes

Why does the Nikkei 225 appear to be such a bad long-term investment?

Nanoman explained the Lost Decade, and that explains the period from the late 1980s through around 2003; massive growth (that was far more than it should have been) followed by a massive collapse both ...
Joe's user avatar
  • 35.8k
1 vote

How do you read a Total Returns chart?

I know that the y-axis shows the total return from the Nikkei No, the y-axis shows a quantity ("total return index") that is defined so that its percentage change from one date to another ...
nanoman's user avatar
  • 29.7k
1 vote

How do you read a Total Returns chart?

Index values often don't have a meaningful interpretation. They're typically some weighted average of prices of various stocks. Many are weighted by market cap, but others are equally weighted or may ...
D Stanley's user avatar
  • 135k
1 vote

Do I have to pay Italian income tax if working remotely for a Japanese company as a non-resident?

I have often worked for companies in Japan, and they have just "sent me the money". So, I'd email them an invoice for €XX,000 and they'd (eventually!) wire €XX,000 to me. (Then, obviously, ...
Fattie's user avatar
  • 13.8k
1 vote

Japanese job and UK taxes

Assuming you will just freelance as a self-employed "sole trader" and don't intend to set yourself up as a limited company: You should follow the guidance for the self-employed here: https://...
timday's user avatar
  • 3,992
1 vote

How do software developers outside of Japan collect and remit Japanese Consumption Tax?

Disclaimer: I am not a financial advisor or an official tax advisor. You should consult your agent to discuss and plan a real set of actionable steps that allow you to comply with the regulation. ...
Jopika's user avatar
  • 79
1 vote
Accepted

International money transfer taxes

Most countries tax income, but not a transfer of already taxed money, so you have nothing to worry about. You need to be prepared - if asked - to proof that the money was legally earned, and that you ...
Aganju's user avatar
  • 37.7k
1 vote

Do I need to pay UK VAT for an online service paid for with a UK credit card when I'm resident elsewhere?

In practice, you have to pay what the seller charges. Let's say I'm here in the UK and I pay £29.99 on a product, of which £5.00 is VAT (calculated as £24.99 + 20% VAT). You can argue all you like ...
gnasher729's user avatar
1 vote

I live in Japan and want to send money to my credit card

You don't say which country your credit card was opened in. In Australia, banks are often able to link your credit card to an internet banking account. Once you do that, even if you are unable to pay ...
Lawrence's user avatar
  • 9,362

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