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Japan wants employees working until 70

Government seeks to address labor shortage that undermines economic growth

To deal with Japan's shrinking population, the government sees letting people work at more advanced ages and relaxing antitrust rules in sparsely populated regions as ways to support economic growth.   © Kyodo

TOKYO -- Japan will require companies to make efforts that allow employees to work until age 70 in order to address a chronic labor shortage that threatens economic growth.

The move is part of a package of productivity-boosting growth measures put together each year by the administration of Prime Minister Shinzo Abe. This year's proposal focuses on regional revitalization and employment reform.

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