Job Market Monitor
Japan
Career Counseling in Japan – People in a better situation in terms of satisfaction, regular employment ratios, annual income and promotion
In FY2016, the Japan Institute for Labour Policy and Training (JILPT) conducted a large-scale questionnaire survey to search for evidence on the effects of career counseling. In the survey, subjects were divided into those with past experience of receiving career counseling or similar types of counseling support, and those without such experience. Both groups were … Continue reading
Aging – Japan’s recent experiences
As the third largest economy in the world and a precursor of global trends in population aging, Japan’s recent experiences provide important lessons regarding how demographic shifts affect the labor market and individuals’ economic well-being. On the whole, the labor market has shown a remarkable stability during the recent financial crisis, despite decades of economic … Continue reading
Japan – The demographic demographic problem in one chart
Japan has a major demographic problem: 26 percent of its population is elderly, the largest percent of any country in the world. That’s because Japan’s birthrate is declining, as is its overall population. In other words, a huge chunk of its population is getting old and leaving the workforce, and not enough people are being … Continue reading
Japan – Population shrank by nearly a million in 5 years
Japan’s population shrank by nearly a million during the last half-decade, official census figures confirmed on Friday, an unprecedented drop for a society not ravaged by war or other deadly crisis, and one that helps explain the country’s persistent economic woes. It was the first time since Japan began collecting census data in 1920 that … Continue reading
Aging of Japan – The labor-market gap
Japan is the world’s oldest country—25 percent of its people are aged 65 or over. By 2040, that ratio is estimated to rise to the historically unprecedented level of 36 percent. The population of Japan nearly tripled in the 20th century, peaking at 128 million in 2010. But with a falling birth rate, one of … Continue reading
Japan – Three measures of slack in labor markets
How likely are Japan’s workers to see a bumper salary increase? The latest labor market data — showing a 1.3 percent annual increase in wages in January — is a hopeful sign. A more detailed answer comes from examining alternative measures of slack in the labor market. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
Labor Shortages in Japan – 32.1% of compagnies had not been able to meet their April–June recruitment targets
In July 2014, Recruit Works Institute, the research division of the HR services giant Recruit Holdings, released a report on companies’ response to the tight labor market. The report was based on 1,000 responses to a June 20–24 nationwide Internet survey targeting people directly or indirectly involved in hiring at private businesses with 30 or … Continue reading
Japan – Addressing the Gender Gap
Confronted with decades of economic stagnation, strict immigration controls, and a rapidly aging population, Japanese Prime Minister Shinzo Abe has launched an ambitious plan—widely known as “Abenomics”—to restart Japan’s economy. The program has three main components: a large fiscal stimulus that was injected into the economy in early 2013; expansionary monetary policy that also began … Continue reading
Japan – Unemployment rises to 3.7% while job offer at 22-year high
The jobless rate rose for the first time in almost a year in June, while the ratio of job offers to seekers hit a 22-year high, official data showed Tuesday. The unemployment rate edged up to 3.7 percent in June from 3.5 percent the month before, the internal affairs ministry said. It was the first … Continue reading
Japan – Tokyo keeps growing as population falls
While Japan’s population fell for the fifth straight year and grew older in 2013, the number of residents in the country’s three main urban centers increased to a record high, as people continued to move out of regional areas. Chosen excerpts by Job Market Monitor. Read the whole story at Tokyo Keeps Growing as Japan’s Population Falls – … Continue reading
Japan – To expand controversial work permits program to stay for up to five years
Japan is considering expanding a controversial programme that now offers workers from China and elsewhere permits to work for up to three years, as the world’s fastest-aging nation scrambles to plug gaps in a rapidly shrinking workforce. Prime Minister Shinzo Abe’s Liberal Democratic Party on Tuesday submitted a proposal to let workers to stay … Continue reading
Japan / The new grads job market
University students and others set to graduate in spring 2015 cannot be overly optimistic during this year’s job hunting season, which officially started Sunday, as companies are generally willing to take on more new hires due to signs of economic recovery but major firms remain highly selective. The employment rate among new graduates this spring … Continue reading
Japan / Working Women are the most underutilized asset
This month, prime minister Shinzo Abe will begin unveiling Japan’s “national growth strategy,” the structural reforms from the “third arrow” of Abenomics. This will include a crucial one: boosting female employment. Already, Abe has called on corporations to have at least one female executive per company (paywall). The government also plans to open 250,000 daycares … Continue reading
Vacation Around the World / United States Still a No-Vacation Nation
The United States is the only advanced economy that does not guarantee its workers any paid vacation time, according to a new review of international labor laws by the Center for Economic and Policy Research (CEPR). As a result, almost 1-in-4 Americans do not receive any paid vacation or paid holidays, trailing far behind most … Continue reading
US-Japan / Trade Talks and Jobs
We should welcome and encourage Japan’s interest in freer trade. But let’s not roll out the red carpet for TPP’s arrival just yet. Abe is the seventh Prime Minister of Japan in six years, so it might come as no surprise that his government’s plan to boost Japan’s stagnant economy is designed to play well … Continue reading
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