Japan losing global talent race, Suga economic adviser warns

Japan losing global talent race, Suga economic adviser warns

Heizo Takenaka, an economic adviser to Japanese Prime Minister Yoshihide Suga, favors a universal basic income and urges other changes to attract foreign financial talent. (Photo by Manami Yamada) TOKYO — Japan’s inability to attract foreign employees despite years of globalization efforts damages the country’s financial services sector and other fields crucial to future growth, a close aide to Prime Minister Yoshihide Suga warns in an interview earlier this month.

"The difficulty of procuring global talent is undermining Tokyo’s economic competitiveness," Heizo Takenaka, a 69-year-old economics professor who serves on the Suga government’s growth strategy council, told Nikkei Asia.

Takenaka cited […]

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