TOKYO -- Japan faces significant economic challenges due to labor shortages, and these have resulted in missed opportunities and growth headwinds. The shortfall affects multiple industries, disrupts business operations and increases the likelihood of bankruptcies, highlighting the need to enhance productivity alongside fiscal measures.
Economy
Japan suffers opportunity loss equivalent to 2.6% of GDP from labor crunch
Non-manufacturing sectors fall victim to hiring shortfalls and staff turnover
Lights are turned off on a floor with unused rooms due to staff shortages at a hotel in Nikko, Tochigi prefecture. (Photo by Nanami Sato)
Read Next
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Economy
