Japan's Latin American Ex-Pats and their Impact on
by Jan Smith, Director Financial Services Practice, and
Renée-Maude Lebrun, Consultant, InfoAmericas
Until recently, most of the attention on remittances was
focused on the US and European channels and little information
was available concerning intraregional remittances, or those
from Japan. Recent estimates from the Inter-American
Development Bank (IDB) reveal that Japan is the second-biggest
source of remittances to the region, with Latin American
expatriates sending home around $2.65 billion per year to their
families at home.
An important characteristic of Latin American migrants in
Japan is that they gain access to financial services sooner and
more extensively than their counterparts in the United States.
The response to which reveals possibilities...
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