TOKYO -- Abolishing mandatory retirement will be key to Japan securing the workers it needs amid a population decline, the Organisation for Economic Co-operation and Development said in a new economic report on the country published Thursday.
Japan's workforce totaled 66 million people in 2023, including foreign nationals, the OECD estimated in the report. It predicted that the figure will roughly halve to 32 million in 2100 if Japan's fertility rate remains at the current level of 1.3.
