Japan is launching a simplified visa system for highly skilled professionals from overseas, The Japan Times reported. The visa will include preferential treatment for those who meet certain conditions such as annual income of JPY 20 million (USD 151,000) and a master’s degree. It will allow those conducting advanced research or advanced specialized/technical activities to obtain a five-year visa if they have annual income of more than JPY 20 million, a master’s degree or an employment record of 10 or more years and an annual income of more than JPY 20 million.