Japan Sees Significant Rise in Wealthy Chinese Immigrants

Well-to-do Chinese Investors turn to Japan amid political turmoil in their home country.
Japan Sees Significant Rise in Wealthy Chinese Immigrants
People cross the street at Shibuya Crossing in central Tokyo on Nov. 6, 2023. Richard A. Brooks /AFP via Getty Images
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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.