TOKYO -- Japan's National Tax Agency collected information on 400,000 overseas bank accounts held by Japanese individuals in about 50 countries and regions as part of efforts to uncover assets stashed abroad, a source told Nikkei on Sunday.
The number of accounts dwarfs the roughly 9,000 reported by Japanese citizens in 2016 through filings legally required for anyone keeping over 50 million yen ($446,000) in foreign assets. The tax agency will compare the two sets of information as part of its hunt for hidden assets.
