Terrie's Take 698-- Japan's Competition for Immigrants, ebiz news from Japan

Sun Feb 17 19:35:44 JST 2013

* * * * * * * * * T E R R I E 'S T A K E * * * * * * *
A weekly roundup of news & information from Terrie Lloyd.
(http://www.terrie.com)

General Edition Sunday, Feb 17, 2013, Issue No. 698

+++ INDEX

- What's New -- Japan's Competition for Immigrants
- News -- First human trial of stem cell therapy
- Upcoming Events
- Corrections/Feedback
- Travel Picks -- Kushida Shrine, Fukuoka/Studio Ghibli, Ehime
- News Credits

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+++ WHAT'S NEW

There is a significant online debate going on in the USA about the merits
of a new bill being introduced by a bipartisan group of senators who want
to loosen up America's immigration policy as it relates to green cards.
Green cards are the primary way for non-citizens to work and are equivalent
to permanent residency here in Japan (Japan also allowing workers in on a
subgroup of lesser visas). The proposed legislation will increase the
number of H-1B "specialty occupation" visas, such as Science, Technology,
Engineering, and Mathematics (STEM) applicants, on the basis that there is
both a shortage of these people and that businesses hiring them become
successful and create more jobs for more people downstream.

Whether STEM candidates are in fact in short supply in the US is debatable,
but it is interesting to see special interest groups there push so hard to
allow technology immigrants an easier path into the country. It's a clear
indication that the USA wants to keep the world's best new technology
start-ups there and not have them go somewhere else. Of course, this line
of selective immigration policy is nothing new and indeed STEM candidates
are sought after world-wide. Japan's own Highly Skilled Foreign
Professional visa introduced in July last year targets a similar group of
people and offers on a new points system a very easy 5-year work visa with
all the trimmings. By "trimmings" we mean spouses and dependents not only
can enter Japan but can also work, the applicant has the right to employ
foreign home help (i.e., foreign nannies), and they get a fast-path to
citizenship.

The Japanese professional visa is still too new to see any statistics yet,
but even before it was introduced the number of STEM candidates coming to
Japan was increasing -- perhaps due to the replacement of people fleeing
the 3/11 disaster? In any case, we were surprised to learn that the
Engineers category hit a 10-year high in 2011. So, does that mean that
Japan may be quietly achieving a skills influx that will accelerate with
the introduction of the new professional visa category? It's hard to say,
but our guess is that if the new US bill does increase the H-1B cap from
65,000 people currently to 115,000, and depending on conditions, possibly
up to 300,000, then we imagine this will impact the Japanese numbers
negatively for at least a year or two.

[Continued below...]

------------- Job Vacancy, American Embassy -------------

Position: Commercial Assistant, Foreign Commercial Service, Japan
Experience: Either fully experienced or trainee
Timeframe: Urgent hire, applications close Feb 19th, 2013.
Details:
1. If experienced: professional service manager, analyst, and advisor to
U.S. client firms. Provide advice and assistance in all aspects of
facilitating the export of U.S. goods and services to Japan, and of
attracting Japanese investment to the United States.  Assist U.S. firms,
conduct market research. Plan/organize trade-related programs and events
for business and government.
2. If trainee: assist U.S. client firms in facilitating the export of U.S.
goods and services to Japan and attracting Japanese investment to the
United States.  Market research, market trends analysis. Plan and organize
programs and events to promote U.S. commercial interests.

For more details, see:
http://japan2.usembassy.gov/e/info/tinfo-jobs.html(click Commercial
Assistant opening), then submit your application to Human
Resources Office, U.S. Embassy Tokyo. By post: 1-10-5, Akasaka, Minato-ku,
Tokyo 107-8420 and by fax: 03-3224-5818.
-----------------------------------------------------------

[...Article continues]

Why? Well, since most skilled migrants come from China, India, and the
Middle East, where educational standards are high and population size
ensures only the best get through, English-speaking nations are perceived
to offer better lifestyles and a clearer track to citizenship -- versus
just being a place to go. Therefore, the preference is usually USA, Canada,
then Australia. That said, we are aware of a significant number of Chinese
people who couldn't get into the USA because of a 9-year backlog in green
card applications (based on the US policy of limiting green cards to no
more than 7% of applications per source country) and who therefore decided
to come to Japan instead. Despite Japan's concern about hosting too many
Chinese, the fact that these people originally learned English for a US
sojourn now makes them trilingual and thus very appealing to multinationals.

It's hard to know what Japan could do to make itself more attractive to
STEM candidates, although the preference for the US shows that lifestyle
for any accompanying family is an important factor. To compete, Japan needs
to set up international schools which are reasonably priced (i.e., they
need to be publicly funded), housing in sympathetic and supportive
communities, and support to help families integrate. This last item should
be easy to do, and yet Japan is appallingly bad at helping newcomers
integrate. For example, we know from  personal experience that many wards
in Tokyo have no meaningful accelerated language program for children of
immigrants, meaning that these kids have to struggle for several years to
try to understand lessons then another couple of years  to catch up with
their local peers. It must be hard for a highly qualified foreign engineer
or scientist to focus on his/her work when the spouse and kids are busy
complaining every evening about how they can't get things done because of
language problems.

While we're at it, a law against racial discrimination against migrants
(such as choosy landlords) is urgently needed in Japan as well.

Apart from STEM candidates, the other type of newcomer that migrant nations
are increasingly targeting is the financial migrant -- whether an active
business investor or a retiree. This type of migrant is an easy target for
governments, because they bring fresh cash into the country without much
associated cost -- i.e., they can be great medicine for improving a
country's GDP figures. Australia launched in November last year a so-called
888 visa, which allows up to 1,000 applicants a year to invest AUD5m into
government bonds, real estate, or companies. The visa has got the
investment fund industry all excited, because they are expecting most of
the money (up to AUD$5bn a year) to come to them.

The 888 visas primarily target Chinese wealthy individuals, and the usual
immigration limitations on age and dependents have been set aside. It has
been estimated that in China there are at least 28,000 ultra-high net worth
(UHNW) and 440,000 high-net worth (HNW) individuals looking to emigrate. In
case you were wondering, as we were, a UHNW individual is likely to have at
least US$30m of net asset wealth, and US$5m-US$30m of investable assets. An
HNW individual would have investable assets of US$1m (i.e., exclusive of
real estate). Other countries that are targeting the Chinese include the
ones on this list, with the usual enticements.
http://bit.ly/Xh8qiJ

Looking at this list, for as little as US$100,000 you can pick up
citizenship in Dominica -- although we're not sure anyone would actually
want to live there. Probably a much more viable and flexible visa for
Asia's new-rich, with prolonged work and residence rights as with a US
green card, but not for eventual citizenship, is Malaysia's "My Second
Home" (MMH2) category. We mentioned this in last week's Terrie's Take as
being attractive to a small but growing number of Japanese (and
non-Japanese alike). It requires the applicant to have JPY15m in liquid
assets and off-shore income of JPY300,000 monthly. All quite doable for
even modestly capitalized retirees and business owners.

We know that Japan is watching these immigration trends abroad with high
interest. Several years ago we were told that METI was considering an
entrepreneur visa, to make it easy for investors with limited funds but
highly attractive business plans and work experience to come set up their
operation in Japan. That visa never got off the ground, we assume because
it was viewed as having too much potential for abuse.

But fear of abuse is a poor excuse for not addressing the obvious need that
Japan has for more talented and prosperous immigrants. By simply limiting
the numbers for a new program, it is easy for Japan to experiment with
different offers and to see if this has the desired effect economically.
The fact that the country is so close to China, if Japan was to offer a
Malaysian-style second-home visa category which prevents citizenship but
allows people to flow in and out freely from their retirement homes, then
we believe it could attract billions of dollars of fresh money and give
real estate in selected regions a real shot in the arm in the process.

...The information janitors/

***------------------------****-------------------------***

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-----------------------------------------------------------

+++ NEWS

- Molex accounting fraud case almost resolved
- First human trial of stem cell therapy
- Orix to acquire Robeco asset management business
- Itochu leveraging subsidiaries in ticket sales push
- Rakuten group earnings hit record high

=> Molex accounting fraud case almost resolved

Victim of a massive fraudulent loan-and-futures scam by one of its own
accounting managers here in Japan in 2010, Molex appears to have resolved
the biggest issue relating to putting the fraud behind them. The company
has announced that it has agreed with Mizuho Bank to make good on a JPY17bn
settlement (yes, that's right, the fraud cost them US$180m!), which will
cause Mizuho to drop the court case they had pending against the firm.
***Ed: You can read more about this sorry case here:
http://www.japaninc.com/tt562_huge-local-fraud-case. Very good example of
what can happen when there is insufficient oversight by a major firm of
their generally reliable and honest Japanese subsidiaries.** (Source: TT
commentary from businesswire.com -- Molex press release, Feb 15, 2013)

http://bit.ly/XilciS

=> First human trial of stem cell therapy

Japan still has R&D power in some sectors, and one of these is stem cells.
Apparently a Kobe-based lab called Center of Developmental Biology has
received permission from a government regulators to start human testing of
stem cells for age-related macular degeneration, in 2014. The trial will be
small, just 6 people, but is thought to be the first officially sanctioned
trial of man-made stem cell therapy globally. WHO says that macular
degeneration is the third most common cause of blindness, after cataracts
and glaucoma, thus providing Japan with a good reason to fast-track testing
for that particular disease. (Source: TT commentary from fiercebiotech.com,
Feb 15, 2013)

http://bit.ly/12VyjLM

=> Orix to acquire Robeco asset management business

The yen may have eased in value, but deals already in the pipe will
continue for a while to come. The latest is the announcement that major
financial services firm Orix will acquire the asset management business of
Holland-based Rabobank, Robeco, for a cool JPY240bn, in a cash and stock
deal. This will be the largest acquisition ever by Orix, and will give the
company a more stable source of income than the trading businesses that it
is typically in. (Source: TT commentary from reuters.com, Feb 15, 2013)

http://reuters.com/article/idUST9N0A202Z20130215?irpc=932

=> Itochu leveraging subsidiaries in ticket sales push

In what appears a determined effort to breathe some life back into
struggling web portal Excite Japan, the portal, FamilyMart subsidiary
famima.com, and Space Shower Networks have all invested in a new firm which
will represent and distribute entertainment tickets nationwide. The three
firms, which are all Itochu-held firms, will start selling tickets from
next week, and hope to rival Lawson and Seven-Eleven. Apparently the
Japanese domestic ticket market is worth JPY1.1trn, and convenience stores
account for 30%-40% of those sales. (Source: TT commentary from e.nikkei.com,
Feb 16, 2013)

http://e.nikkei.com/e/ac/tnks/Nni20130216D1502A10.htm

=> Rakuten group earnings hit record high

Rakuten is still doing well group-wise, thanks to impressive new growth
from domestic mobile purchases, which have substantially offset losses the
firm is experiencing in its foreign operations. Regular website sales were
flat, but smartphone and tablet purchases soared 40% to bring the overall
sales total to 443.4bn. Domestic hotel and other EC business was also up by
15%, while operating profit on the financial business soared 80%
year-on-year. As a result, Rakuten's net profit was JPY19.4bn,
significantly better than the JPY2.2bn loss last year. (Source: TT
commentary from e.nikkei.com, Feb 15, 2013)

http://e.nikkei.com/e/ac/tnks/Nni20130215D1402A07.htm

NOTE: Broken links
Some online news sources remove their articles after just a few days of
posting them, thus breaking our links -- we apologize for the inconvenience.

***------------------------****-------------------------***

+++ CANDIDATE ROUND UP/VACANCIES

=> BiOS, a Division of the LINC Media group, is actively marketing the
following positions for customers setting up or expanding in Japan, as well
as other employers of bilinguals.

** HIGHLIGHTED POSITION

BiOS is urgently looking for an Application Support Helpdesk Engineer to
work on an international helpdesk team supporting a major global internet
and software applications company in Tokyo. The candidate will receive
training to learn how to support the company’s apps, take phone calls and
interact with international users, and escalate difficult problems to
English-speaking engineers. You will also be responsible for reporting,
tracking activities, and other activities in this fast-paced and changing
atmosphere.

Due to the technical nature and demanding work environment, this position
is suitable for someone with basic helpdesk experience who can adapt to a
constantly changing environment. In addition, since this role requires
direct coordination with both regional and global IT teams, fluent Japanese
and business English will be required.

Remuneration is JPY2.5M - JPY3.5M depending on your experience and skill
level.

** POSITIONS VACANT

- Desktop Engineer, IT services provider, JPY 3M - 5M
- Staffing Consultant, IT integration services provider, JPY 2.5M - 3M
- Senior Support Engineer, IT integration services provider, JPY 4.5M - 5.5M
- Data Center Operator, global financial services company, JPY 3M - 5M
- Service Delivery Manager (Data Center), large data center services
provider, JPY 6M - 8M

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Every 2 weeks BiOS sends out a regular communication to its job seeking
candidates, called BiOS Job Mail. Every edition carries a list of BiOS's
current and most up-to-date vacancies, with each entry featuring a short
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Regardless of whether you are unemployed and searching, thinking about a
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might suit you better, the BiOS Job Mail newsletter is an easy and
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Interested individuals may e-mail resumes to: jason.kisling at biosjp.com and
check out the BiOS web page for other jobs:
http://www.biosjp.com/positions.php
-----------------------------------------------------------
***------------------------****-------------------------***

+++ UPCOMING EVENTS/ANNOUNCEMENTS

----------------- ICA Event February 21 ------------------

Speaker: Gen Utsumi, Head of Sales & Business Development APAC for
smartTrade Technologies.

Title: "The Reality of Electronic FX Trading" Details: Complete event
details at http://www.icajapan.jp/

Date: Thursday, February 21, 2013
Time: 6:30 Doors open, Buffet Dinner included and cash bar
Cost: 4,000 yen (members), 6,000 yen (non-members) Open to all. No sign ups
at the door!!!!!!!
RSVP: RSVP by 5pm on Friday, February 15th
Venue is The Foreign Correspondents' Club of Japan
http://www.fccj.or.jp/aboutus/map
-----------------------------------------------------------
***------------------------****-------------------------***

+++ CORRECTIONS/FEEDBACK

In this section we run comments and corrections submitted by readers. We
encourage you to spot our mistakes and amplify our points, by email, to
editors at terrie.com.

=> No corrections this week.

***------------------------****-------------------------***

+++ TRAVEL DESTINATIONS PICKS

=> Once-in-a-Lifetime: Kushida Shrine, Fukuoka
Grand tutelary shrine of Hakata

I left Hakata Machiya Folk Museum just before dusk. Turning back the way
I'd come, I noticed lots of young couples streaming in the opposite
direction. I wheeled around and fell in line beneath the torii of Kushida
Shrine, sometimes affectionately called “Okushida-san,” - home to three
tutelary deities, where students pray for academic success. It was
examination time.

My sight obscured by the ceiling of the entrance gate, I could hear wing
beats -- a cacophonous frenzy above the courtyard. As the line crept
forward, I could see hundreds of birds in tight formation, settling in the
branches of one of the three trees in the shrine then alighting to the next
moments later. This enormous, high-decibel rush transpired until the sun
set, exactly. Out of the birds' silence emerged the monotone chanting of a
priest inside. It was a beautiful, solemn moment, a reminder that all such
moments are unique. While in Japan, I've often thought, “Even when I
return, I'll never experience this again”. I savored the voice, raising a
few pitches before it fell silent, too.

http://japantourist.jp/view/once-in-a-lifetime-kushida-shrine

=> Studio Ghibli Shop and Cafe, Ehime
Get your Ghibli souvenirs at Donguri no Mori

Dogo Onsen is the model for the spirit bathhouse in the smash-hit animation
Spirited Away, a movie from Studio Ghibli. The movie happens to be the most
successful Japanese film of all time, and Studio Ghibli has produced a
whole string of animation hits, both before and after Spirited Away. Other
productions you might have heard of include Grave of the Fireflies, Kiki’s
Delivery Service, Porco Rosso, Princess Mononoke, Howl’s Moving Castle and
the perennial favorite, My Neighbor Totoro. These works have been dubbed
into several languages and enjoyed considerable success in cinemas
overseas. Most of the films are set in an indeterminate ‘retro’ period of
time, when there was abundant greenery and clean water. They manipulate the
emotions with great skill.

As you’re walking up Dogo Arcade from the direction of Dogo tram station,
the old Dogo Onsen Honkan building seems to peer at you down the tunnel of
the arcade. Entranced by this surprising sight, you may not notice the
Studio Ghibli Shop, Donguri no Mori on the right hand side. But if you’ve
ever enjoyed a film from Studio Ghibli, chances are you’ll like the shop
too. In contrast with the other shops in the arcade, it’s all apparently
made of wood, and there’s some fake greenery evoking the typical Ghibli
atmosphere. Outside, you’ll spot the fluffy Totoro and Catbus sitting on a
bench.

http://japantourist.jp/view/studio-ghibli-shop-and-cafe

***------------------------****-------------------------***

***********************************************************
END

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+++ ABOUT US

STAFF
Written by: Terrie Lloyd (terrie.lloyd at japaninc.com)

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