20240729 Data watch

Despite ongoing labor shortages in Japan, workers in their 40s or early 50s face a raft of challenges getting promotions and pay raises.

Japan's 'lost generation' faces slow pay growth, lack of promotion

Survivors of 1990s hiring 'ice age' are now in their 40s or early 50s

TOKYO -- The plight of Japan's "lost generation" -- mainly comprising people in their 40s or early 50s -- is persisting, as they struggle to keep pace with the pay growth and career advancement commonly seen in both older and younger age groups.

This generation graduated from high school or college during a hiring "ice age" that lasted from the late 1990s into the 2000s, with many finding it tough to find stable employment after the bursting of a bubble economy inflated during the 1980s by soaring real estate and stock prices.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.