Do You Need to Report Overseas Bank Accounts in Japan?

What Many Expats Don't Realize

"My bank account is overseas, so Japan doesn't need to know about it."

I've heard this assumption many times.

And honestly, it's understandable.

If your savings are sitting in a bank thousands of miles away, it feels natural to think they have nothing to do with Japan.

But Japanese tax rules don't always work that way.