Japanese firms go overseas for talent.

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Companies in Japan are planning to establish "innovation centres" abroad in a bid to compete for high-calibre recruits globally and are expecting to reduce their reliance on internal training programmes.

A report by the Economist Intelligence Unit, based on a comparison between a survey of 179 senior executives around the world and one of 50 senior executives in Japan, suggests that, while Japanese companies have tended to rely on internal development programmes and graduate training schemes to attract and nurture talent in the past, this is changing. Only 24 per cent now believe that training existing employees to prepare them for key roles will be their main strategy in five years' time. The attributes they value most in recruits are strong technical knowledge and the ability to learn quickly, while...

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