For those looking to experience a distinctive fusion of tradition and modernity, Japan has always been a well-liked travel destination. However, historically, obtaining a work permit and visa for Japan has been a complicated process. 

This could soon alter as Japan looks to bring in foreign labour and capital to increase its economy and competitiveness. By doing this, Japan will officially join the International Competition for Immigration.

Why is Japan Moving toward Foreign Workers?

In order to increase its economy and competitiveness, Japan wants to draw in foreign employees and investors. By 2030, it hopes to receive 100 trillion yen in foreign direct investment.

Japan, like many other nations, is struggling with the issue of an ageing population, which has led to a labour shortage. According to projections made by the Japanese government, there will be only one elderly person for every person of working age by 2060.

The economy of the nation has already been impacted by this, and long-term projections indicate that it will get worse. Japan has established a target of hiring 7 million foreign employees by 2040 to address this issue.

The nation has set its eyes on becoming Asia's greatest start-up hub and is streamlining its visa rules for highly qualified workers in order to meet this lofty goal. In addition to attracting talented workers from outside, it intends to increase manufacturing and research and draw in foreign investment.

How is Japan Simplifying its visa system for Young Graduates?

Japan is aiming to entice young graduates from the top 100 institutes in the world by streamlining its visa process. The nation has streamlined its visa rules for highly skilled workers, enabling some foreign workers to avoid the current points-based visa system if they meet predetermined conditions.

This visa is open to scientists, engineers, and corporate managers with an annual income of at least 40 million yen and at least five years of relevant experience, as well as a master's degree or at least ten years of relevant work experience.

Under Japan's "start-up visa," entrepreneurs hoping to launch a firm may also be permitted to stay for longer than a year, though specifics are not yet known. Additionally, they will be qualified for permanent residency after just one year rather than three.

Young graduates from other countries are another group that Japan is pursuing and promoting as "future creative talent." These young people will be granted "designated activities" resident status by the nation, enabling them to remain and work in Japan for two years while they look for jobs and business prospects.

Conclusion

Japan wants to draw international employees and investors to handle its ageing population and spur economic growth. To do this, Japan is focusing on young graduates from prestigious colleges and streamlining its visa process for highly educated people.

FAQS

Why is Japan attracting young grads and streamlining its visa process?

To increase its economy and competitiveness in the area, Japan is streamlining its immigration process and luring recent grads.

Can entrepreneurs apply for a start-up visa in Japan?

Yes, although specifics are not yet known, entrepreneurs looking to launch a firm in Japan may qualify for the start-up visa.