LANGUAGE

LANGUAGE

It is possible to get by in Japan without any knowledge of Japanese, as signs, (information) booklets etc. in major cities are usually available in English. However, any situations where you require more information or a consultation might pose a problem, as doctors, bank staff, train conductors, police officers and…

EDUCATION

EDUCATION

Whether you’ll be bringing over your family when you move to Japan or you’re just planning to hire Japanese local staff for your business, it can be beneficial to learn a thing or two about Japan’s education system and the standard of education they receive. The Japanese school year runs…

INTERVIEWS

INTERVIEWS

An interview with Chris Kirkland, co-founder of Tokyo Cheapo – ‘the ultimate guide to Tokyo’ – https://tokyocheapo.com. We have some inspiring success stories of non-Japanese businesses and want to share their experiences with you. Tokyo Cheapo is a guide to Tokyo, covering everything from where to get your hair cut…

FINANCE

FINANCE

There are two elements to a business’s finances: the start-up fund (i.e. capital) and purpose (profit). If you are starting up a shop on the street, you will need to have enough start-up capital to cover both the deposit for the commercial lease and to be able to pay staff.…

ACCOUNTING IN JAPAN

ACCOUNTING IN JAPAN

As accounting standards in the world is converging, Japanese generally accepted accounting principles (GAAP) are in the direction of harmonising with the other OECD countries, especially with IFRS. Japanese GAAP is written more prescribed by rules and the main difference is about fair value accounting, where the IFRS requires most…

HOW TO USE EXCEL

HOW TO USE EXCEL

After mastering the basic skills of using mathematical functions and functionalities of worksheets, the following functions are useful to know:- Round: Use =round(Cell number, 2) as GBP and USD has pence and cent units and =round(Cell Number,0) as JPY does not have the sub-category. Use =round(cell number,-2) When you would…

RECENT INVESTMENT

RECENT INVESTMENT

The UK-based Legatum Institute ranked Japan as the 22nd most prosperous country in the world in 2015. The most prosperous country according to their report is Sweden, followed by Denmark in 2nd and Switzerland in 3rd. The UK is ranked 6th, the USA is 11th, Canada 15th, Germany 17th, France…

TAX WORDS IN JAPANESE

TAX WORDS IN JAPANESE

Our tips: English Japanese Memo Accelerated Depreciation 一括償却 The tax treatment to receive the lump sum deduction rather than the gradual one. Basic Deduction 基礎控除 The personal allowance works as the deduction from taxable income, if the income is less than 24 mil yen then 0.48 mil yen . Corporation…

IDEAS

IDEAS

The cynical may say there is nothing new under the sun, that anybody can have good business ideas, or that there are more important things to a business such as creating a sustainable system, getting funds or developing skills. Regardless of what they say, good ideas can open up doors,…