Japan wants employees working until 70

Government seeks to address labor shortage that undermines economic growth

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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

YUI NAKAMURA, Nikkei staff writer

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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