Japan's cabinet office held a working group meeting on Wednesday that aims to expand direct investment in Japan and attract skilled tech workers from Southeast Asia and India, reports Nikkei Asia. A government task force is focusing on four points: expanding investment opportunities, securing highly skilled workers, promoting collaboration with foreign companies, and improving the domestic business and living environment.

One area under consideration is reviewing the residency status system to make it easier for tech workers from Southeast Asia and India to work in Japan. Additionally, to help foreign companies start a business in Japan, the government is considering allowing procedures for establishing a corporation to be conducted in English.

Japan has set a goal of boosting the balance of foreign direct investment in Japan to JPY 100 trillion yen (USD 652.8 billion) by the end of 2030. The balance at the end of 2022 was JPY 46 trillion (USD 300.3 billion). The government is hoping to attract more investment by securing skilled tech and other workers and improving their living conditions.