Introduction: Why You Need a Japanese Bank Account For foreigners starting a new life in Japan, opening a bank account is one of the most important steps. This becomes even more essential if you plan to buy or rent property, as a Japanese bank account is a key part of daily financial transactions. Monthly rent payments, real estate purchase settlements, and future mortgage repayments are all typically handled through Japanese bank accounts. However, the process can be more co

When purchasing real estate, one option is to register the property under shared ownership with your spouse or child, with each holding a 50 percent share. This approach can be an effective way to make the most of Japan’s tax system, especially when considering benefits such as mortgage deductions and tax advantages when you eventually sell the property. Below is a clear explanation of how to set up a 50/50 joint ownership structure, along with the steps involved and points t