I am hearing lots of #foreigners #business owners and other #professionals are leaving #Japan. Some are even selling their homes at a loss because they don't see a future due to the change in government and rhetoric. I predict real estate values will go down, especially outside of the core center of Osaka and Tokyo.

The Japanese government also feels that #AI and #robots can solve any labour issues, but how about capital flight and less foreign investment?

https://www.scmp.com/week-asia/economics/article/3346825/japan-raise-residency-fees-2900-despite-deepening-labour-crisis

‘Poor’ foreigners not welcome? Japan bets on AI while upping visa fee

Critics say the fee rise is designed to keep ‘poor’ foreigners out, as Japan bets on AI and robots to plug its growing staffing shortfall.

South China Morning Post

@Areeb_Soo_Yasir

It is better to export prosperity than to import poverty into your country. Ask Europe, USA, how this has worked for them.
The USA at least has empty places out west to expand. How will Japan integrate such people? They will have to be let in slowly and in small numbers, if at all. These are difficult truths. Letting in mass amounts has always been a mixed bag of good and bad for every country that has tried it, and the list is long.

@Areeb_Soo_Yasir

it is not only poverty that you import. Poverty can be fixed by simply giving people more money, whether earned or not. The less visible "thing" you import into society is inequality. Cultural, economic, racial. If not done in a carefully controlled manner, it wreaks unpredictable changes and puts abnormal stresses on a society. The matter must be approached with sobriety, maturity, and great circumspection and prudence.

@Felis_Catus_Domesticus I am from Canada so I know what mass immigration looks like but Japan does not have mass immigration, it barely allowed any. Of course it is Japan's right to ban foreigners and some are not a good fit for Japan. But Japan has also made it difficult for Business Manager VISA's, I know people who are selling their company and house in Japan and leaving. It is Japan's right to ban foreigners and I love visiting Japan but it is not as friendly as it used to be.

@Areeb_Soo_Yasir

Japan is very old compared to the USA or Canada. Civilizations that old have their own innate wisdom and common sense about what is good- for themselves and for others. As you say, it is their sovereign right even if some disagree with what is decided.

@Areeb_Soo_Yasir

it is Japan's right to ban foreigners

Japan is not "banning foreigners". They are just being very selective about who they let in. It would probably be a worthwhile conversation to discuss the reasons why, considered over the long history of that nation and with a particular eye on Japan's broad cultural values.

@Areeb_Soo_Yasir

nomen amicitiae sic, quatenus expedit,
haeret

the name of friendship lasts just so long as it is profitable

My uncle, while never an immigrant or living in Japan, did work for a Japanese auto parts manufacturer in the 1980's & 90's. When the Japanese economy fell apart in the 90's he was edged out of his (U.S. based) position, in favor of a Japanese national. Sometimes that's just the way things go. Countries & cultures looking out for their own people & national interests

@Areeb_Soo_Yasir

On the other hand, for Chinese, there is always Sub-Saharan Africa to "develop" economically with Chinese goods, technical expertise, bank loans, and business methods.