What are the causes of labor shortage in Japan?

Japan should crack down on excessive unpaid overtime in order to boost productivity, as the nation's irreversible labor shortage means companies must streamline to cope with fewer people, according to Goldman Sachs Group Inc. chief Japan economist. read more

In addition to that, and related to the low fertility rate, it is very difficult for women in Japan to reenter the workforce after having a child for societal and cultural reasons as well as the fact that there is a shortage of nursing facilities and nursing practitioners for childcare. read more

In other words, Japan has fallen into a situation of a labor shortage where there ceased to be a balanced situation between supply and demand. This is also how companies have started to look at the situation and make decisions about it. read more