Japanese employment will decline by almost 10 million between now and 2040 if the country continues to lack economic growth and active participation in the workforce, especially by women.
This is according to the estimates of a government body, the 'Japan Institute for Labor Policy and Training', which predicts a drop in workers of 9.56 million from 2022, to 57.68 million in 2040.
Another study indicates that if the economy continues to grow by around 1.5-2%, with significant progress in the participation of women and the elderly in the labor market, the country's workforce will increase by at least 100,000 units, reaching 67. 34 million.
The institute publishes its studies on a five-year basis, and had previously estimated that the workforce would shrink to 52.45 million in 2040 in a zero-growth scenario.
The latest estimate is higher than the previous one, and partly reflects a slower-than-expected decline in the country's population.
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