What to do with 3,000,000 JPY?

jmbattle

Good morning folks,

I am a 27 year old Brit working for a musical instrument company in Japan, and am considering what best to do with the 3,000,000 JPY currently sat in my Japanese Post Office bank account - earning a minimal amount of interest.

I have a further £4,000 or so in my National Savings ISA, and have yet to transfer any additional money this year. I do not have any credit card debts, and paid off my student loans a couple of years after graduating from university.

With the recent depreciation of Sterling, I am considering transferring a large amount of the 3,000,000 JPY into my UK account, although I am wondering if this is necessarily a wise move given the negative forecasts for the UK/European economy. In addition, assuming I deposit the maximum £3,600 into the ISA, there will still be £11,000 or so remaining with which to invest.

In future, I would like to return to university to pursue a Masters degree, either in the UK, or possibly in another country. With this in mind, I would greatly appreciate suggestions on how to maximise the growth of my savings, while maintaining a degree of flexibility for future plans.

Thank you for reading.

Cheers,
James
x

ps. My apologies if this is the incorrect forum for such a query - I did scan through the other areas, yet 'Saving & Investing' appeared to be the most appropriate.