Survey on Foreign Managers in Japan: Overview of Initial Capital and Banking Usage

Hi, my name is Taisei Koshida, and I am a certified public accountant and tax accountant.

I aim to assist non-Japanese business owners who need help with reading or writing in Japanese. If you find the Japanese tax return system challenging, I can help you with your tax filings.

This blog may help if you are unclear about the overview of initial capital and banking usage.

Regarding foreign managers in Japan, I will provide an overview based on the 2021 survey by the Japan Finance Corporation.

Initial capital sources

In terms of initial capital sources, 84% came from personal savings, 30% from family and relatives, 13% from co-managers and employees, and 12% from other individuals and companies.

Bank usage rates

Concerning bank usage rates 11% used private banks, 6% used public banks, and 2% utilized municipal fund programs. In a survey directed at Japanese managers, their bank usage rate was 13%. Thus, the bank usage rate for foreign managers doesn’t appear to be particularly low.

Our accounting firm has been actively assisting foreign business owners in Japan with accounting and tax matters. Please feel free to contact us through the inquiry form.