Japan Eases Rules for Skilled Foreigners

IAS Prelims 2023

It will now take just one-two years for skilled foreigners to get permanent residency in Japan as opposed to five years.

The relaxation of the Green Card system and of visa requirement was part of the country’s three-pronged strategy to improve the environment for foreign companies.

The Council for Promotion of Foreign Direct Investment in Japan is also getting Japanese laws and regulations translated into foreign languages to attract investors. The third part of the strategy involves putting in place an investment advisor assignment system.

There was an investment imbalance between Japan and India. The total inflow of FDI from India to Japan till 2015 was only $0.074 billion while Japanese investment into India was $14.1 billion.