Japan Economics

Japan Economics Focus

8 January, 2018

How much longer can the labour force grow?

Perhaps the most remarkable achievement of Abenomics has been the continued increase in employment despite the contraction in the working age population. It is possible that Japan will be able to continue dodging its apparent demographic destiny but this would require it to meet some optimistic assumptions. A more plausible scenario is that growth of the labour force stalls, and potential GDP growth drops as a result from near 1% in recent years towards zero.

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