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April 2015
From The Director

Greetings,

Most of the cherry blossoms have come and gone in Tokyo and the fiscal year is over. No doubt, spring has arrived. Can hope be far behind? Well, with the 2020 Tokyo Olympics just around the corner, investors, entrepreneurs and many businesses are saying “yes” and seeing gold. However, lots of questions remain. Who will benefit most from this colossal event?  How will it affect the stagnant economy? Will there be more opportunities for foreign businesses? This month’s story looks at those questions and others with Olympic and economic implications.  

In the meantime, how’s your future shaping up?  When it comes personal financial planning, our objective is to help you get the best results possible. Please feel free to contact your financial advisor at any time. If you do not currently have an advisor at Select, please reply to this email and one of our senior consultants will contact you promptly.

Best Regards,

Imants Katlaps

Managing Director

Article

JAPAN EXPECTS ECONOMIC GOLD IN THE 2020 OLYMPICS

As the buildup to the 2020 Tokyo Olympics gathers steam, a debate is boiling about the economic costs and benefits that this massive event may create. While there are many issues, both political and economic, that will affect Tokyo, its citizens and the entire country, the Olympics will also mostly likely ignite serious consideration of issues particular to foreigners and foreign workers.

For example, where will the 150,000 construction workers needed to build all new the Olympic infrastructure come from? Official estimates indicate half will probably be foreigners  —most likely from other Asian countries.

There are, however, likely to be much wider economic implications for Japan’s international population and foreigners coming to the country to work. Bringing these workers to Japan may necessitate relaxation of some of the country’s immigration restrictions, which could have implications for those seeking to work in other industries...
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