Resources

The current inheritance and gift tax rules are a disincentive for foreign national from moving to live and work in Japan

Amendments made to the Japanese inheritance and gift tax rules in 2013 have had a significant effect on the attractiveness of Japan as a place for foreigners to come and live and work. These changes appear to be out of step with the current visa initiatives to encourage highly-skilled foreign workers to come to Japan and also appear out of line with the efforts to promote Tokyo as a financial centre.

IBA Japan has produced a leaflet which sets out scenarios to explain the impact of the rules.

BoJ Policy Board Member Takehiro Sato gives views on monetary policy to IBA Japan members

The BoJ has embarked over the last year on a massive programme of monetary easing and inflation targeting to help revive the Japanese economy. It also has introduced a number of infrastructure initiatives.  In his presentation to IBA Japan members, BoJ Policy Board Member Takehiro Sato gave an overview of the Bank’s strategy and  shared his thoughts on the future direction of monetary policy.

 

http://www.boj.or.jp/en/announcements/press/koen_2014/data/ko140227a1.pdf

IBA Japan Press Release Regarding COVID-19

IBA Japan Press Release; Foreign Financial Institutions remain fully committed to Japan and to implementing Covid-19 containment measures. Japanese and English.

Joint Statement of the ACCJ, ANZCCJ, BCCJ, CCCJ, EBC, IBA JAPAN on urgent fiscal countermeasures to combat the economic impact of Covid-19. Japanese and English.

2014 IBA Japan Annual General Meeting, Address by FSA Commissioner & Reception

IBA Japan held its 30th Annual General Meeting on November 26th at the Okura Hotel in Tokyo, It was followed by a reception for about  200 guests. The Commissioner of the Financial Services Agency, Mr. Kiyoshi Hosomizo, gave a speech and discussed current challenges facing the financial sector, the effects of macro-economic environment and challenges facing Japanese policy makers, and the FSA’s supervisory approach and current priorities.