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Wealthy families are probably recognizing the downside of being in China and Hong Kong and looking into moving families out. Schools like Harrow appear to want to pick up that market. They are also hoping that families will eventually invest in the local community, such as buying a house nearby.

9 Comments

Manabu Murata, head of Seven Seas Capital Holdings, an investor and consultant to international schools in Japan. A international school building boom is underway in Japan, fueled by top-shelf names in education seeking to attract the children of wealthy Asian families, especially from China.

© Bloomberg

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Somehow I don't see wealthy families trying to escape the CCP thinking "Let's go to Japan". So many other countries can offer a good and safe lifestyle without the unnecessary complications for people that have resources that Japan seems far from an obvious choice.

9 ( +10 / -1 )

If this is the Harrow at the Appi ski resort in Iwate, its 8 million yen a year!

I think they'll need a mini-Karuizawa next door if they want people to move there.

0 ( +1 / -1 )

If this is the Harrow at the Appi ski resort in Iwate, its 8 million yen a year!

8.5m according to this article, but with the collapsing yen that's now a mere $63,000 per year.

https://www.businessinsider.com/chinas-wealthy-children-international-schools-japan-western-education-2022-6?op=1

1 ( +2 / -1 )

Somehow I don't see wealthy families trying to escape... 

These are school kids, not their entire families. Many of these schools are in pleasant rural settings surrounded by nature like mountains, like an Asian version of Swiss boarding schools. Japan is closer to home, though.

-1 ( +3 / -4 )

Japan can't even get its act together to finally let in the number of overseas students who were promised education at Japan's universities, so this will never fly. Add to that an economy going down the toilet, unjustified restrictions on entering the country (which will ease, but not while they are looking for investment), an extremely weak yen to push EXPORTS, and the fact that foreigners can't buy land here to put a house on to begin with, and how is this going to work?

-3 ( +4 / -7 )

These are school kids, not their entire families

The article refers specifically to families, "Wealthy families are probably recognizing the downside of being in China and Hong Kong and looking into moving families out." A rural setting is not something unique to Japan either so other countries with more advantages and less disadvantages would still seem a natural first alternative.

1 ( +3 / -2 )

and the fact that foreigners can't buy land here to put a house on to begin with

Who told you that? Tons of foreigners here with land and houses.

-2 ( +1 / -3 )

No one has ever been confused about the downsides. The more wealthy, the more choices are available, and the longer it has been that the choice was there to be made.

2 ( +2 / -0 )

Somehow I don't see wealthy families trying to escape the CCP thinking "Let's go to Japan". So many other countries can offer a good and safe lifestyle without the unnecessary complications for people that have resources that Japan seems far from an obvious choice.

exactly.

Japan can't even get its act together to finally let in the number of overseas students who were promised education at Japan's universities, so this will never fly. Add to that an economy going down the toilet, unjustified restrictions on entering the country (which will ease, but not while they are looking for investment), an extremely weak yen to push EXPORTS, and the fact that foreigners can't buy land here to put a house on to begin with, and how is this going to work?

THIS!! Well said Smith!

-2 ( +1 / -3 )

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