Attention Economy


Thursday, September 21, 2023

Can Japan Attract Skilled Workers from Abroad?

Japan to launch special investment zones where only English is needed
https://asia.nikkei.com/Business/Finance/Japan-to-launch-special-investment-zones-where-only-English-is-needed
Kishida unveils initiatives to attract global talent in asset management 

Japan joins Asia race for global talent

India unlikely to solve Japan's labor shortage
https://asia.nikkei.com/Spotlight/Comment/India-unlikely-to-solve-Japan-s-labor-shortage
Hazarika said Japanese companies prioritize communication skills over specialized knowledge in students. One of the reasons why Indian students shy away from Japan, he said, is that challenges with the Japanese language can make it difficult to get a job here.
Japanese companies are fundamentally at a disadvantage in the competition for skilled Indian talent, Hazarika told Nikkei after Monday's event.
Google or Microsoft would pay five to 10 times as much as a Japanese company, he said.
As for low- to middle-income skilled workers, India's strong economy means they have plenty of job options there, and it is hard to imagine many choosing to go all the way to Japan, Hazarika said.