Corporate Japan sweetens incentives to retain workers 60 and over

Labor shortage to worsen as bubble economy hires approach retirement

20230717N Japan senior worker

With the pool of working-age people under 60 trending downward, Japan will suffer a labor shortage of 11 million workers in 2040, by one estimate. © Reuters

TAMAKI KYOZUKA and SHINO KATAYAMA, Nikkei staff writers

TOKYO -- The Japanese business community is rolling out benefits designed to entice workers 60 and older to stay on the job longer and ease the labor crunch.

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