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You can open a Japanese brokerage account whatever your nationality, as long as you live here. But NISA only works while you are a resident, and the rule that lets you keep holding tax-free after leaving covers only employer transfers, not students going home.

Japan pension lump-sum withdrawal payment explained: who qualifies, the 5-year payout cap, the unconfirmed 8-year reform, claim deadlines, and how to reclaim the 20.42% withheld tax.