Understanding vino prices If you were to ask people to name the most expensive place to live on the planet, chances are that Tokyo would come up pretty often. Indeed, The Economist Intelligence Unit's worldwide cost of living survey in 2013 ranked Tokyo as No.1. Reputations die hard (don't they, "Modern British" cuisine?), and since then, however, the combined effects of inflation in the rest of the world, deflation in Japan and the weakening yen mean that Japan is, as a whole, cheaper than many of its global counterparts. Indeed, according to the same survey this year, Tokyo is now in 11th place. After all, you don't get a decent lunch on ¥1,000 in many other cities these days.
Get a bigger Japanese tax refund with these tips. A sure thing in life With a top marginal income tax rate of 45 percent, you'd be forgiven for thinking that Japan is heavy on the taxes. But it's not actually as bad as it seems. Indeed, the country's total tax revenue as a percentage of GDP is less than 30 percent, which compares very favourably with the likes of France (45 percent), Germany (37 percent) and the UK (35 percent). It's not Hong Kong, to be sure—but that's the price for life in a social idyll.
Finding an apartment is always an exciting experience and all the more so if you're coming to Tokyo to live for the first time. At the same time you should be aware of the pitfalls of the rather peculiar Japanese real estate system.
Do your homework first and understand the market
We've all been there: filled out what we thought were all the forms and brought them along to the bank only to be told after an hour's wait that there’s a minor discrepancy or something missing and we have to make another appointment. Cue: purple face and impotent gaijin apoplexy.
So why is banking in Japan so difficult?
In an earlier article we spoke about Japan's changing immigration procedures in an effort to attract foreign investors. In this installment we will go into the reasoning why the government decided to change.
This reform by the government is important as prior to it non-residents in Japan wishing to start a business and acquire an investment management visa could only obtain the visa after the establishment of the corporation.
Japan Welcomes Foreign Investors An update to immigration procedures With foreign direct investment less than that of Botswana you could be forgiven for thinking that Japan is no Eldorado for foreign investment. However, this has not always been the case.
Since the Perry expedition opened Japan to the outside world, many famous foreign enterprises have made significant investments in the country. These include the likes of Citibank, General Electric and Siemens from the very beginning.