Japan Sees Significant Rise in Wealthy Chinese Immigrants

Published on May 7, 2024

Besides traditional migration destinations like Europe, America, and Australia, Japan has become a new favorite among wealthy Chinese migrants. Last year, the number of Chinese residents in Japan reached 820,000, an increase of 60,000 from the previous year. In June last year, Henley & Partners, a firm tracking global migration trends, released a report estimating that 13,500 high-net-worth individuals from China relocated abroad in 2023. This exodus marked China as the country with the largest outflow of affluent individuals globally. The firm classifies high-net-worth individuals as those with investable assets exceeding $1 million. Moreover, in recent years, due to the continuous depreciation of the yen, real estate prices in Japan have become relatively cheap for Chinese people, prompting many Chinese tycoons to purchase properties in Japan....

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