Update: Foreigners in Japan hit another record high!

In recent years, Japan, a country that is not traditionally a major immigrant country, hasForeigners are being absorbed and welcomed at an alarming rate.The number of foreigners in Japan is at an all-time high.

According to the latest data from the Japan Immigration Service, as of the end of June 2024.More than 3.58 million foreigners have settled in Japan., reaching new heights in history.

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Over 3.58 million foreigners in Japan

Most Chinese

According to the latest statistics, as of the end of June 2024, the number of foreigners living in Japan has reached3,580,8956, an increase of 177,964,000 from the end of 2023, again setting a new record!

Looking back at the figures for the end of 2023, when the number of foreigners in Japan had already increased by 11% compared to the end of 2022, the number continues to rise today, showing that theThe number of immigrants to Japan has continued to grow in recent years.

In terms of distribution by country and region, among foreigners residing in JapanThe Chinese make up the largest proportion.

Specifically, there were 844,187 in Mainland China and 67,277 in Taiwan, which together accounted for 25.61 TP3T of the total.This means that in theOne out of every four foreigners in Japan is Chinese.

Going back to the end of 2023, the number of Chinese in Japan was 821,838, and in the next six months the number grew by 22,349.

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What makes Japan attractive to foreigners?

What is it about Japan that attracts so many foreigners to move here?Real estate investment is hot as the economy recovers

In recent years, Japan's economy has been recovering rapidly, emerging from the "lost three decades".The double surge in the stock and property markets has provided foreign investors with plenty of arbitrage opportunities.International giants have been betting on the Japanese market, as represented by Warren Buffett's heavy position in Japan's top five trading companies.

Meanwhile.Japanese real estate is completely open to international buyersThe average investor has been quick to follow suit, with many Chinese buyers traveling to Japan with cash in hand to snatch up properties.

In popular cities such as Tokyo and Osaka, apartment prices are leading the world in terms of increases.

Hollow circles are house price indices, solid circles are rent indices

In terms of return on investment.Japan still leads the world in rental yields, Osaka ranked second in the world with a rental return of 5.91%, while Tokyo ranked fourth in the world with a rental return of 5.76%.

Practice found that if the second largest city in Japan, Osaka, the total purchase price of 50 million yen, annual earnings 5-6% measurement, in Japan as an international landlord a year's rental income can reach 3 million yen, about 145,000 yuan.

Excellent welfare system

In addition to economic factors.Japan's social welfare system, including education, healthcare and pension, is also one of the major attractions for foreigners.

It's not just buying a house in Japan to arbitrageReal estate + rental incomeAndJapanese identity dividendThe

Purchasing Japanese property to operate a B&B allows you to apply for a management visa and enjoy a full range of Japanese education, medical care, and retirement resources.

Japanese education

Japanese education is one of the top ten in the world, with free tuition from kindergarten to junior high school. The tuition fee for Japanese universities is only 1/3 to 1/5 of that for foreign students, and the chances of entering a world-famous university are far better than those for international students.

Japanese Medical Pension

Japan has a universal health insurance system that covers all residents, including foreigners with resident status. For example, if you have a long term resident visa, you are generally only required to pay 30% of your medical expenses when you go to the doctor, and the remaining 70% is covered by the government.

Specific groups of people bear less of the cost, such as those between the ages of 70-75, where individuals are only responsible for 201 TP3T, and those over the age of 75, where individuals are only responsible for 101 TP3T.

To sum up, Japan is becoming the new favorite of foreigners at an amazing speed, especially the Chinese community, who not only study, work and live in Japan, but also enjoy the full range of dividends of Japan's economy, education and medical care by purchasing properties.

If you are thinking of moving to Japan, please feel free to contact us!