association of overseas Japanese merchants
Refers to organizations of Japanese businesspeople living abroad, often named after the host city (e.g., 北京和僑会, 香港和僑会).
The Beijing Association of Overseas Japanese Merchants cooperates with the local Japanese chamber of commerce.
Compound of 和 (wa, 'Japan/Japanese'), 僑 (kyō, 'sojourn/living abroad'), and 会 (kai, 'association'). The character 僑 is relatively rare and specifically denotes residing temporarily in a foreign country.