The year 2023 has come to an end, and in the process of looking back on the year, we can see Japan's remarkable achievements in economic development. In this article, we will present ten key aspects of Japan's economic growth and social progress during the year, providing you with a comprehensive perspective on Japan's economic trajectory and investment planning. Epidemic situation.
In 2023, Japan is finally starting to shake off the haze of masks, and all walks of life are beginning to rejuvenate. In January 2023, Japan's prime minister announced that the epidemic would be downgraded to the same level as the flu and that restrictions on the movement of infected people would be lifted. From that moment on, the new crown completely lost its influence. Tourism.
After the relaxation of epidemic regulations, tourism is the first industry in Japan to recover. The number of Japanese tourists has soared, hotels are full, and airports are packed. In November 2023, the number of stays in Japan exceeded 52.92 million. The occupancy rate of hotels and guesthouses in Osaka City is as high as 774%, an increase of 6 percent from the same month in 2019 before the pandemic6%。
Dream Island Casino. In April 2023, Japan** officially approved the construction plan of Osaka's integrated resort area, including a casino. This is a big deal for Osaka and all of Japan. It is expected that when the casino is completed in 2030, it will attract 20 million people per year, bringing 114 trillion yen in economic gains.
Economic growth. In 2023, Japan has performed well economically, both in terms of GDP and corporate profits. Japan's GDP grew at an annualized rate of 16%, and the annualized GDP growth rate in the second quarter was even as high as 6%. The Nikkei Stock Average hit an all-time high in 33 years. The net profit of listed companies in fiscal 2023 is expected to increase by 13% year-on-year, a new high in 30 years, and even Warren Buffett can't help but take a stake in Japanese companies to get a piece of the pie.
Out of deflation. Japan, which has experienced a long period of deflation, is finally facing inflation in 2023. In January 2023, Japan's core inflation reached a 40-year high42%。As of December, the core index has been trading above the BOJ's 2% price target for 20 consecutive months. Japan's economy has reached a turning point in the 25-year deflationary war, which means that Japan is no longer the country that lost 30 years.
Currency. On April 8, 2023, former Bank of Japan Governor Kuroda left his post and economist Kazuo Ueda took over. A new monetary policy was then launched. On October 31, the Bank of Japan decided to adjust the yield maturity control policy, and the upper limit of the yield on 10-year government bonds is based on 1%, allowing interest rates to rise more than 1% to a certain extent, which is equivalent to a disguised interest rate hike. Japan is expected to exit the decade-long easing policy in 2024, and the yen is expected to appreciate strongly.
Salary increases. In 2023, Japanese companies are offering the highest salaries in three decades. In January 2023, Fast Retailing, which operates the Uniqlo brand, announced an increase in the wages of regular employees, an increase of more than 40%, which shocked the whole of Japan and kicked off the curtain of salary increases in Japan. At the end of the year, Japan's Ministry of Health, Labor and Welfare announced the timing of wage increases in Japan in 2023. According to the survey results, the average monthly increase in basic wages in all industries in Japan was 9,437 yen, an increase of 32%。The average amount of bonuses paid to Japanese companies in the winter of 2023 exceeded 800,000 yen, a year-on-year increase of 15%。
Employment. As of October 2023, Japan's unemployment rate is 25%, which is at a low value. Only about 2 out of every three jobs posted nationwide are available3 people came to apply, and the employment rate of fresh college students in 2024 has been as high as 915%。Japan will also further improve the employment system and status of residence system for international students, and encourage international students to continue to work and live in Japan after graduation, especially lowering the threshold for research talents and business management talents.
Property. From 2023 onwards, Japanese real estate will officially start the dawn dividend. Taking Osaka as an example, according to the data of the Land Agency of Japan in 2023, the land price in the ** district of Osaka has increased by as much as 586%。According to the Global Apartment Return Rankings, Osaka has a rental return of 591%, ranking second in the world, with a rental return of 5 in Tokyo76%, ranking fourth in the world. Japan leads the world in terms of investment returns.
Welfare. In 2023, Japan** will make great efforts in welfare, especially childcare. For example, income limits on child allowances have been lifted, and some cities have waived tuition fees from primary school to university, and meals have been waived. In November, Japan** convened an extraordinary cabinet meeting to announce a comprehensive economic stimulus package of about 17 trillion yen, including measures such as raising incomes, issuing household subsidies and reducing resident taxes.
Japan Business Manager Visa
Formerly known as the Japan Investment and Business Visa, it was renamed the "Japan Business Management Visa" in 2015, which relaxes the restrictions on foreigners starting a business in Japan, and can apply for a company with a capital of more than 5 million yen in Japan. After obtaining a business management visa, you can obtain a Japanese status of residence, join Japan's social insurance system, and enjoy the same treatment as Japanese nationals in terms of medical care, maternity, pension, etc.
Project Benefits
1. The processing speed is fast and the success rate is high.
2. There are no age, language, education, assets and interview requirements.
3. The registered capital can be freely disposed of, and there is no restriction on the place of registration.
4. The teaching level and education quality are excellent, and children can study in public primary and secondary schools for free.
5. After naturalization, you can visa-free to 190 countries, and the passport is super easy to use.
6. The geographical location is close, and the time difference with China is only 1 hour.
7. The medical technology is impeccable, the welfare is comprehensive, and the happiness index is high.
Eligibility
1. Meet the registered capital of not less than 5 million yen.
2. Ensure that the office and business address and office equipment are real and used.
3. In addition to the representative director, there are two or more full-time employees residing in Japan.
4. The business is feasibility, stability, continuity, and substantial operation.
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