Category Archives: Japan

Japan to solve the low birth dilemma with immigration

In a recent news article, the current government under Japanese Prime Minister Shinzo Abe seems to be considering policies to increase the intake of foreign workforce into Japan. As Japan is undergoing a long term concern over its demographics and population due to low birth rate. To prevent the country from falling to below 100 million from the current 127 million, immigration is often touted to be the solution in the ageing society. However the relatively closed society of Japan has been well known to be apprehensive towards bringing in more foreigners. However with the current expansion of foreign tourism, some attitudes towards other nationalities may have changed. The lawmakers in the cabinet  said in an interview that the foreign workforce may double. The government may introduce a new visa category for sectors affecting from labour shortages, and expand a foreign trainee policy where workers are allowed entry for a limited period (from 3 years to 5 years). Foreigners currently working in Japan under this scheme ranges within a figure not exceeding 200K. Tech workers from India and Vietnam are among some of the target groups.

Together with the upcoming enthusiasm for the Olympics in 2020, this may be good news for property owners in the country as demand for rental properties may increase. 

Advertisements

Airbnb in Japan

The world’s third most valuable startup is drumming support in the world’s third largest economy in the latest round of debate on regulation. The tourism boom in the country results in shortage in hotel room availability and Airbnb is positioning itself as offering a significant social value proposition in the situation, by supporting tourism and benefit the communities in which they operate by directly benefiting the hosts of the properties. Listing in Japan has balloted to 35K, hosting 1.38m guests. The weakened Yen together with relaxing of visa requirements pushed inbound tourists to a record of 19.7m in 2015 from 8.4m in 2012. The hotel occupancy in Tokyo is tighter than Paris, Hong Kong and New York. It is estimated that the number will hit 35m in 2020.