[TOKYO] Japan’s government agreed yesterday to make it easier for firms to hire foreign workers for highly-skilled positions and as trainees to offset a declining workforce and accelerate economic growth.
The government will also take steps to increase female workers in management positions and strengthen the child care system to increase the number of working women, a top advisory panel said yesterday.
Japan has the most rapidly aging society in the world, with a quarter of the population already over 65 years of age. The workforce is also shrinking, which could become a considerable drag on growth.
Policies that increase foreign workers and female employees are important steps needed to stop the decline in the workforce, ease labour shortages, increase tax revenue and raise the potential growth rate.