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Economy

Job switching hits 7-year high in Japan

Strong demand for managers lets midcareer professionals make a change

More of Japan's midcareer professionals are looking for new job opportunities.

TOKYO -- More than 3 million Japanese workers changed jobs in 2016 as a labor shortage and the need for global expertise pushed employers to scour the market for technical professionals and veteran managers.

The tally of 3.06 million, as reported by Japan's Statistics Bureau on Friday, is 80,000 more than in 2015, and tops 3 million for the first time since 2009. The number of job switchers peaked at 3.46 million in 2006 and 2007, but declined in the wake of the financial crisis.

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