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One among Japan’s greatest challenges this 12 months — and certain for a lot of extra — has been tackling the labor scarcity attributable to the declining birthrate and getting older society.
Prime Minister Fumio Kishida has set this as a high precedence, with hits and missed alternatives over the course of the 12 months in confronting these pernicious developments by engaged on enhancing gender equality.
That demographic pressures are linked to important financial loss is evidenced by findings like these printed by Teikoku Databank, that throughout Japan, there have been 206 bankruptcies attributable to labor shortages as of October 2023 — the best quantity ever recorded in a 12 months.
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