logo
Tokyo emerges as a top market for global tech talent

Tokyo emerges as a top market for global tech talent

Japan Times6 days ago
Tokyo is a leading market for tech talent alongside Beijing, the San Francisco Bay Area, Bengaluru, Paris, New York and Dublin, according to a newly released global ranking.
Colliers, an investment management and professional services firm, studied more than 200 global markets, drawing on job posts, access to venture capital (VC) and the available talent pool to score and rank global and regional tech markets, culminating in its report Global Tech Markets: Top Talent Locations 2025.
In the global rankings, Tokyo placed 10th, behind Dublin and ahead of Washington. In the Asia-Pacific rankings, it took third behind Beijing and Bengaluru.
'Global technology talent markets have evolved rapidly over the past five years. Few events have disrupted the markets faster than the introduction of generative AI models,' the report said, noting that as businesses raced to implement artificial intelligence, demand for related skills had created 'unprecedented competition for key roles in data science and cybersecurity.'
While calls for traditional IT jobs have fallen in recent years, demand for AI expertise has ballooned, with data scientists and cybersecurity professionals in particular being sought after. Talent with such skills are in high demand globally.
Tokyo, which has been pushing to develop startup hub ecosystems across the country and attract highly skilled talent, earned an 'above-average VC funding score.' According to the report, the Japanese capital is also a leading choice in the Asia-Pacific region for startups.
With the race for tech talent intensifying, companies are seeking to invest more in regions that offer 'more abundant and affordable tech talent,' the report said.
In Japan, the weak yen against the dollar translates to lower costs for overseas employers when it comes to recruiting from the nation.
Driven by a push for greater affordability, more tech companies are opening offices in the Asia-Pacific region and in Latin America in order to maintain their competitive edge, according to the report.
India remains the region's leading tech talent hub, with lower costs, developed infrastructure and highly skilled workers.
'Leading tech cities in India account for 69% of the total tech talent in the Asia-Pacific region,' said Arpit Mehrotra of Colliers' India office.
Among the other trends mapped by the report, workers in the tech space are skewing younger, and there has been a greater recruiting focus on cities with young talent, including Jakarta, Hyderabad and Bengaluru.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump, Xi aides discussed autumn U.S.-China leaders' meeting
Trump, Xi aides discussed autumn U.S.-China leaders' meeting

Japan Times

time17 minutes ago

  • Japan Times

Trump, Xi aides discussed autumn U.S.-China leaders' meeting

Aides to Donald Trump and Chinese leader Xi Jinping have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, according to two people familiar with the plans. While plans for a meeting have not been finalized, discussions on both sides of the Pacific have included a possible Trump stopover around the time of the Asia-Pacific Economic Cooperation summit in South Korea or talks on the sidelines of the Oct. 30-Nov. 1 event, the people said. Trump has sought to lower tensions with Beijing in recent weeks after pausing a tit-for-tat tariff war that has upended global trade and supply chains. China has also sought the attendance of international guests, including some from the United States, for a Sept. 3 Beijing ceremony commemorating the 80th anniversary of the end of World War II, a spokesperson for China's Embassy in Washington told a briefing last week for reporters. The Kremlin said on Monday it did not rule out the possibility of Russian President Vladimir Putin and Trump meeting in Beijing in September if Trump decides to attend that ceremony. Putin has confirmed his attendance. "Diplomacy between heads of state plays an irreplaceable strategic leading role in Sino-U.S. relations," Chinese Foreign Affairs Ministry spokesperson Guo Jiakun said Monday, declining to comment on a possible Trump-Xi meeting. The White House also declined to comment. U.S. Treasury Secretary Scott Bessent said Monday there would be "talks in the very near future" between the countries. "Trade is in a good place, and I think now we can start talking about other things. The Chinese, unfortunately ... are very large purchasers of sanctioned Iranian oil, sanctioned Russian oil," he told CNBC. He added: "We could also discuss the elephant in the room, which is this great rebalancing that the Chinese need to do." Trump has sought to impose tariffs on virtually all foreign goods, which he says will stimulate domestic manufacturing and which critics say will make many consumer goods more expensive for Americans. He has called for a universal base tariff rate of 10% on goods imported from all countries, with higher rates for imports from some, including China. Imports from China have the highest tariff rate of 55%. Trump has set a deadline of Aug. 12 for the U.S. and China to reach a durable tariff agreement. Other points of friction between the countries include China's support for Russia, trade in fentanyl-related chemicals, regional security worries, and exit bans on some American residents. The most recent high-level U.S.-China meeting was on July 11, when U.S. Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi had what both described as a productive and positive meeting in Malaysia about how trade negotiations should proceed. Rubio said then that Trump had been invited to China to meet with Xi, and said that both leaders "want it to happen." On Friday, China Commerce Minister Wang Wentao said China wants to bring its trade ties with the U.S. back to a stable footing and that recent talks in Europe showed there was no need for a tariff war.

Japan's top negotiator for US tariff talks leaves for Washington
Japan's top negotiator for US tariff talks leaves for Washington

NHK

time13 hours ago

  • NHK

Japan's top negotiator for US tariff talks leaves for Washington

Japan's top negotiator for trade talks with the United States has left for Washington as the US is poised to impose a 25-percent tariff on imports from Japan starting August 1. Economic Revitalization Minister Akazawa Ryosei departed from Tokyo's Haneda Airport on Monday morning. It is his eighth trip to the US capital for tariff negotiations. Speaking to reporters before his departure, Akazawa said that negotiations would not be easy as both Japan and the US need to protect their national interests. He said he wants to hold sincere and robust discussions to find common ground between the two sides. Arrangements are under way for a meeting with US Commerce Secretary Howard Lutnick on Monday or later, local time. Akazawa is also seeking meetings with Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. Japanese government officials say that Washington is now reviewing Tokyo's proposal to make massive investments and import more American goods to reduce the US trade deficit with Japan. Akazawa says he wants to confirm how the US side is proceeding with its review. Akazawa aims to reach an agreement that can benefit both countries as the August 1 deadline for what US President Donald Trump calls "reciprocal" tariffs approaches.

Ishiba clings to leadership after election setback
Ishiba clings to leadership after election setback

Japan Times

time15 hours ago

  • Japan Times

Ishiba clings to leadership after election setback

'Responsibility' has been the theme of Prime Minister Shigeru Ishiba's 17 days on the campaign trail. Now, after an election where his ruling Liberal Democratic Party-Komeito coalition lost its majority in the Upper House by a thin margin, it has become an ostensible reason for him to cling to his leadership — at least, for the moment. 'As the first party in parliament, we have to fulfill our responsibility with the public so as to prevent politics from stagnating or drifting away,' Ishiba told a news conference he held as LDP leader Monday afternoon. Citing ongoing negotiations with the United States over the 25% 'reciprocal' tariffs imposed by the administration of President Donald Trump and the complex economic and security outlook, Ishiba told reporters he has no intention of stepping down. However, in the wake of another setback after last October's debacle in the Lower House election, his political capital has plunged. In the Upper House election, the LDP failed to reverse the momentum of mounting headwinds anticipated by the poor showing in June's Tokyo Metropolitan Assembly poll. Throughout the campaign, the LDP tried to play the part of the 'responsible party,' portraying itself as the only force able to steer the country out of the troubled waters it finds itself in. Depicting the opposition as a cluster of irresponsible forces who can't be trusted with the helm of the country, the LDP attempted to appeal to the electorate with its alleged experience and sound judgment. The party's recipe for the future, though, failed to resonate with a public vexed by the soaring cost of living and tired of over a decade of LDP leadership. The insistence shown in protecting the country's coffers and defending the consumption tax 'to the end' — in the words of LDP Secretary-General Hiroshi Moriyama — backfired at the polls, as did the promise of ¥20,000 cash handouts. As shown in the resounding victories achieved by the Democratic Party for the People and Sanseito , especially in urban districts, the LDP faded in comparison to the expansionist menus presented by the opposition. The election debate largely stayed inward-oriented, with voters showing little interest in topics such as security and the ongoing tariff negotiations. Ishiba's attacks on the alleged 'irresponsibility' of a fragmented opposition largely fell on deaf ears. On the defining issue of the campaign — policies related to the foreign community — the LDP was forced to adapt to an agenda defined by opposition parties. All in all, the party couldn't escape the fate that often awaits incumbents in times of burgeoning dissatisfaction with the status quo. Ishiba's own track record ended up exacerbating that dissatisfaction. In his nine months in office, Ishiba — who seemed to have plenty of plans for the country when he reached the party leadership — proved unable to leave his own distinctive mark on the role. Perhaps surprisingly, the party showed its trademark pragmatism to successfully navigate an insidious session of parliament — clinching ad-hoc deals with the opposition in exchange for policy concessions. However, that laborious process left the party anemic, unable to reboot and rehabilitate its standing after last year's Lower House defeat. Handicapped from the start of his mandate and lacking a strong power base within the party, Ishiba could do little to change the course of the election. For a moment, the popular Shinjiro Koizumi's appointment as agricultural minister in late May seemed to have turned the tables and given Ishiba some breathing room. That too, however, proved short-lived. After voters signaled their frustration toward the current administration at the polls, the ball is now in the LDP's court. The next few weeks will be crucial to determine the future of the administration — and potentially of the composition of the coalition. The thin margin of the coalition's defeat — the coalition is only three seats short of the 125 needed for a majority — leaves potential room for maneuvering in the Upper Chamber. On top of that, the Aug. 1 deadline on tariff negotiations might grant the prime minister some breathing room, allowing him to stay on in the name of continuity and the need to avoid a political vacuum at a sensitive time for the nation. The weakened state of party factions means that, even if internal maneuvers to oust Ishiba were to occur, the old playbook may no longer apply. That being said, in one way or the other, Ishiba will be forced to take 'responsibility' for the party's underperformance in the poll. Although last year's Lower House defeat took place only weeks into his mandate, this time the prime minister has fewer excuses, particularly given the impasse on tariffs. Reports say the party will soon call a plenary meeting with members of both the Lower and Upper House. Lawmakers long critical of Ishiba will have a chance to vent their frustrations and potentially coalesce. While he denied any enlargement of the coalition at this stage, he voiced his intention to create a framework for policy cooperation with the opposition. 'We will hold sincere discussions with opposition parties on policy issues of particular urgency,' Ishiba said. He also added he hasn't made up his mind on a potential reshuffle of his government or the party leadership. So far, all the potential interlocutors — namely the DPP and Nippon Ishin no Kai — have ruled out the possibility. DPP leader Yuichiro Tamaki said his party will watch the coming developments within the LDP before making the next move. Should Ishiba step down, the party will enter a new phase of instability, and it's unclear whether a new leader could gain the trust of fellow lawmakers. Last September's presidential election showed there's no shortage of aspiring leaders, starting with Koizumi. It took Ishiba — famously the lone wolf, popular with the public but with few friends in the party — five attempts to attain the long-yearned party leadership. He won't go down that easily. 'The road ahead will be thorny,' Ishiba admitted. 'But we will deepen discussions with other parties and run the country with a sincere heart.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store