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Japan’s workforce expected to drop 20% by 2040 unless economy grows

Gov't panel calls for more female employment and IT to forestall looming crisis

If employment-boosting efforts are not expanded, Japan's labor force will shrink from 65.3 million to 52.4 million workers by 2040, the Labor Ministry panel says in its report released Jan. 15.   © Reuters

TOKYO (Kyodo) -- Japan's workforce in 2040 is projected to drop 20 percent from 2017 due to overall population declines if the economy sees no growth and women and the elderly continue to have difficulty landing jobs, a government study showed Tuesday.

A study group of the labor ministry, releasing the first projection for the size of Japan's workforce in 2040, called for additional policies to boost employment and promotion of artificial intelligence as measures to sustain productivity.

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