Foresight

Despite the yen's weakness, is Japan still an attractive country for foreign workers?

90% of foreigners working in Japan say they want to stay, despite the depreciation of the yen.

A survey carried out by the Japanese company Mynavi revealed that over 90% of foreign workers currently interviewed in Japan wished to continue working there after the expiry of their current visa.

Although this figure is high, it represents a drop compared to the company's survey conducted in 2022. In fact, 5.7% of those surveyed said they did not want to continue working in Japan.

The main reason for this is the depreciation of the yen (40% of respondents), which has reduced the income of foreign workers once converted into their home currency.

Poor working conditions, with long hours of overtime and poor economic prospects, are also a factor in Japan's attractiveness to foreign workers.

“Japan's declining attractiveness to foreign talent is becoming a reality,” said Motoki Yuzuriha, President of Mynavi Global. For him, “companies need to improve wages and other benefits and, at the same time, create workplaces where foreign and Japanese workers can work well together.”