TOKYO -- Seniors 65 and older will account for nearly 20% of Japan's workforce in 2040 if labor participation rises on the back of robust economic growth, according to a labor ministry outlook released Tuesday.
The 65-and-up demographic is expected to peak around 2040. Even with economic growth, Japan's workforce that year would still fall nearly 10% short of 2017 levels. The 65-and-up group accounted for 12%, or about an eighth, of the total workforce in 2017.
