Chinese Elite Embrace Japan as New Destination
A growing number of affluent Chinese individuals are choosing Japan as their new home, seeking a better life and escaping various challenges in China. This influx of Chinese migrants is impacting the luxury housing market and increasing competition for admission into elite international schools in cities like Tokyo and Osaka. Factors driving this trend include dissatisfaction with life in China due to COVID-19 lockdowns, political tensions, the China-U.S. rivalry, and stricter business regulations. This migration wave includes not only the upper and upper-middle classes but also tycoons and intellectuals.