00:00Japan is raising the bar for foreign corporate managers seeking business management visas,
00:05boosting the minimum capital requirement from 5 million to 30 million yen.
00:09Authorities say the move aims to weed out misuse of the system,
00:13after some applicants were found running fly-by-night operations with no real businesses.
00:18The revised rules also call for stronger credentials,
00:21such as three years of managerial experience or a master's degree,
00:25plus at least one full-time employee.
00:27For genuine investors, the message is clear,
00:30it's time to put your money where your mouth is if you want to set up shop in Japan.
