Japan eyes high-skilled foreign workers for financial sector
[TOKYO] Japan's ruling Liberal Democratic Party (LDP) is drafting a proposal to attract high-skilled workers from abroad for Tokyo's financial sector, the lawmaker heading the LDP's committee on foreign labourers said on Wednesday.
Satsuki Katayama told reporters the party could formalise its proposal to the government as early as Thursday.
Prime Minister Shinzo Abe suggested in Parliament earlier this month that Japan could take in Hong Kong residents employed in the financial sector or other specialised areas as China moves to impose new security legislation.
Asked whether the LDP's proposal had Hong Kong residents in mind, Ms Katayama said it did.
"The situation in Hong Kong and East Asia is very tense," Ms Katayama told reporters after a committee meeting on foreign workers, adding that "attracting financiers to Tokyo has been a long-standing struggle for us".
The proposal is part of nation-wide economic policy which includes a plan to make Tokyo a financial hub. It will include suggestions on how foreign workers can assimilate into the Japanese workforce.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The world's third-largest economy has a dwindling and ageing population that has put pressure on the government to relax tight foreign labour controls.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April