iamneveralone
New member
Hello, first time poster here hoping to get some opinions/thoughts on what to do with money in Japan.
Context: American working for last 6 years at a foreign company in Japan and have PR. I'm being transferred to another country later this year, where I’ll likely be for 3-5 years. When I leave, my employment with my company’s Japan office will be severed and I’ll be rehired in the other country.
I plan to retain my PR as I like living in Japan, speak Japanese, and see myself back here in the future.
I have saved quite a bit of money in Japan — some of it in a NISA, some in a bank account. I moved some back to the U.S. and invested it when the exchange rate was better.
When I leave Japan I will have to pull the money out of my NISA (as I won’t be a tax resident) and realize I’ll be in possession of likely 8-9 million yen that I do not need to use anytime soon. (I’m in my mid-30s and single.)
I don’t want to transfer the yen back to the U.S. because I see it as more likely I’ll be back in Japan in the future rather than the U.S. The exchange rate is also horrible and I expect it won’t get much better this year.
The question: What kind of options do I have on keeping my money here in Japan that's not putting it in a bank account losing value while I'm out of the country? Is leaving my money in Japan even possible? (As I know banks are also getting stricter these days about foreigners keeping accounts open while away) Any thoughts are much appreciated.
I've had some friends suggest putting the money towards buying an apartment mansion in Tokyo and renting it out (and using that to pay off the mortgage) while I'm away. I’m not sure if that’s the kind of hassle I want to deal with or if it's even a good investment?? Also curious about this option.
TL;DR version: Japan PR seeking advice on what to do with a large amount of yen that I want to keep here while I’m out of the country for 3-5 years for work, but with intention to return in the future.
Context: American working for last 6 years at a foreign company in Japan and have PR. I'm being transferred to another country later this year, where I’ll likely be for 3-5 years. When I leave, my employment with my company’s Japan office will be severed and I’ll be rehired in the other country.
I plan to retain my PR as I like living in Japan, speak Japanese, and see myself back here in the future.
I have saved quite a bit of money in Japan — some of it in a NISA, some in a bank account. I moved some back to the U.S. and invested it when the exchange rate was better.
When I leave Japan I will have to pull the money out of my NISA (as I won’t be a tax resident) and realize I’ll be in possession of likely 8-9 million yen that I do not need to use anytime soon. (I’m in my mid-30s and single.)
I don’t want to transfer the yen back to the U.S. because I see it as more likely I’ll be back in Japan in the future rather than the U.S. The exchange rate is also horrible and I expect it won’t get much better this year.
The question: What kind of options do I have on keeping my money here in Japan that's not putting it in a bank account losing value while I'm out of the country? Is leaving my money in Japan even possible? (As I know banks are also getting stricter these days about foreigners keeping accounts open while away) Any thoughts are much appreciated.
I've had some friends suggest putting the money towards buying an apartment mansion in Tokyo and renting it out (and using that to pay off the mortgage) while I'm away. I’m not sure if that’s the kind of hassle I want to deal with or if it's even a good investment?? Also curious about this option.
TL;DR version: Japan PR seeking advice on what to do with a large amount of yen that I want to keep here while I’m out of the country for 3-5 years for work, but with intention to return in the future.