Labor crunch risks derailing Japan's stumbling economic recovery

Businesses brace for higher labor costs on top of weak yen, inflation

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People work in a Tokyo office in Nov. 2020. Japan may not have enough workers to sustain the recovery from the pandemic. © Reuters

RURIKA IMAHASHI, Nikkei staff writer

TOKYO -- Japan has more job vacancies than applicants, making it a great place to be a job hunter. But a chronic labor shortage, in a country with a shrinking working-age population, is weighing on the prospects for a recovery from the pandemic-induced slowdown.

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