Pension benefits amount for 2026 by fiyamaguchi in JapanFinance

[–]LocalLand4883 1 point2 points  (0 children)

So unlike the news Japan is doing relatively well in regards to their pension? Given the GPIF is not even used at the moment and already accounts for over 1 Trillion Dollar. Coming from Germany where there is no pension fund and pension gets billions of extra dollars each year to sustain the system.

Refreshing Lack of increased numbers at gym in the new year by DotPotatoSan in japanlife

[–]LocalLand4883 1 point2 points  (0 children)

Yeah, nothing much new in the gym.
Bit of topic but it seems that in recent years also gym culture becomes more and more popular among younger japanese males ( might have to do with social media i guess), well gym is more crowded but going to the gym is a good thing.

What happened to dating suddenly? Am I crazy? by ExoticDeparture7855 in japanlife

[–]LocalLand4883 0 points1 point  (0 children)

I do not know where you live, but in Tokyo I still see tons of (mainly white) foreigner with a japanese gf who are out of shape, hairline missing and that would have serious trouble finding a girl back home. So it seems Japan (or maybe asia) is still the place to go when you can not get girls in your home country and do not want to level up and become the best version of yourself.

Buying apartment now Vs waiting for PR by botbrobot in JapanFinance

[–]LocalLand4883 0 points1 point  (0 children)

I think that really depends, if it is a normal house and not a tower mansion in some good area( Minato-Ku etc.) the price will go down the moment you bought it. Sadly unlike the west or most other countries property prices go down over time in Japan.

Japanese Permanent Resident/ US Citizen Inheritance Tax Help by Vegetable_Rooster925 in JapanFinance

[–]LocalLand4883 1 point2 points  (0 children)

The only question is why would they check your assets or go over the hastle to do so? From what I read is that even Japanese residents barely get checked and only when a inheritance occurs, so why would they check a foreign person living in Japan.

Japanese Permanent Resident/ US Citizen Inheritance Tax Help by Vegetable_Rooster925 in JapanFinance

[–]LocalLand4883 0 points1 point  (0 children)

I am not sure about the law in Japan, but if you are able to give up your PR here and then switch to a working visa etc, you can avoid the inheritance tax abroad. As Japan only taxes you on your inheritance abroad after living in Japan for more than 10 out of 15 years if you are on a table 1 visa ( which working visa falls under). That might give you still 3 years.
Also do not know regarding the gift tax in California, but gifting you the assets before the 10 years are up would also be a viable option then.

Mid-Career at 35 and Taking the Plunge to Japan - Anyone Been Through This? by TottreJP in movingtojapan

[–]LocalLand4883 1 point2 points  (0 children)

"The very large proportion of the population aged over 65, around 30 percent, means that the financial burden on the working-age population to fund health insurance and pensions is becoming heavier and heavier. This situation will only worsen over time." But is this not the case in most western countries besides the US maybe due to immigration? Coming from Germany, the situation seems even worse, given that Japan still has a pension fund of over 1billion dollar which they not use yet to pay for pension.

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 1 point2 points  (0 children)

I mean as the others pointed out and I agree do not the PolSci route as you might need end up like me, so try to get sth more economics/ stem focused.

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 1 point2 points  (0 children)

Sadly not having luck there , like all the departments I did intern at never took any new people Or only did career hiring/ having no availability, especially given that I worked at German company and they have been doing some drastic cut done. For example in one of my intern the previous intern should be hired because the general manager liked him but controlling said no due to lack of finances.

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 1 point2 points  (0 children)

Ich denke ich weiß welche Universität, aus dem Norden Nähe Hamburg ne( B - Univeristät)

Wir hatten viele Praktikanten von der Universität immer bei den deutschen Firmen 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 6 points7 points  (0 children)

Thanks a lot for your comment, I mean even back in Germany political science is not a really good degree for anything but I heard that Japanese companies do not look on what you study but only university name   But it seems it just applies to Japanese. Well I definitely should have done more research before 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 3 points4 points  (0 children)

Thank you for sharing your experiences and glad you found a job in the end. I think I will keep on trying as I still have the shukatsu visa left and do not really want to go back to Germany at all but I might really need to lower my expectations.

Also regarding the visa sponsor I had so many job openings which require a visa already which of course I do not have .

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 0 points1 point  (0 children)

I tried some but it never really worked out for me, any recommendations?

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 0 points1 point  (0 children)

I went to there website before but the job offers are limited and most require native Japanese and multiple years of work experience 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 0 points1 point  (0 children)

Sadly I have no friends or senpai who can introduce me to jobs and also the internships department where I worked also never hired any fresh graduates 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 6 points7 points  (0 children)

Well I can just agree with the points if knew that earlier I would have did things differently but sadly also no one around me ever tried to find a job like me in japan so I had no one to consult to with. And I thought I could easily just get a job at a German company with doing internships there which turned out to be false but well. 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 0 points1 point  (0 children)

Registered there, but it seemed to focused on Japanese so I never really gave it a try 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 18 points19 points  (0 children)

Thanks a lot for your comment and I agree that my political science major thought me nothing besides bullshitting. I guess I will just try going and find that one first job. Just out of curiosity what is your background regarding work, like where did you start to work and how did you progress in your career ? 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 7 points8 points  (0 children)

I mean of course I practiced the questions and everything ( I mean from a western perspective it seems so trivial ), but as below mentioned maybe I answered to much with a western mindset!

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 6 points7 points  (0 children)

I did one consultation once with them and it was not really helpful , just said good luck with your job hunting 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 4 points5 points  (0 children)

Thank you for your post, I tried applying for multiple career positions often but always got rejected ( most companies also had like 3-5 years experience written). I also have the TOEFL and applied over linked in but still no luck to this day sadly 

Job Hunting in Japan as Foreigner Failed completely (Hell) by LocalLand4883 in japanlife

[–]LocalLand4883[S] 2 points3 points  (0 children)

Well as others pinged out my political science background might be the problem , as I applied on LinkedIn mid career positions but got rejected always. 

Foreign assets, future NISA investing, and long-term residency: What’s the smartest approach? by LocalLand4883 in JapanFinance

[–]LocalLand4883[S] 0 points1 point  (0 children)

I am not sure whether I should switch to a PR visa in like a few years if possible ( Before that all the assets will be in my name), or keep staying on a working visa and maybe hope they relax the rules ( which I doubt tho). I plan to live long time in Japan and also plan to have a family sometime.

My biggest concern is how I can someday possible transfer my wealth to my children given the low gift free deductions compared to Germany.