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Care homes and hotels in Japan shut as expansion strategy unravels

49 points by mikhael

by jorams

2 subcomments

> facilities were purchased for between 1 million yen and 5 million yen and resold to Chinese buyers for between 40 million yen and as much as 100 million yen depending on location
Those prices seem weird. They were buying entire care homes and hotels for less than the price of a car? I understand they come with obligations, but these businesses were apparently financially ok before the acquisition.

by Animats

0 subcomment

Oh, a visa scam. Title is misleading.

by bamboozled

4 subcomments

This new business visa thing in Japan is just so so stupid. As if people with money can't wrangle up 300k to get the business visa and then just do nefarious things like this, all the while locking out potentially millions of hard working entrepreneurial types from all over the world who would actually make good citizens, and good honest money.