March 2, 2018 20:30 JST

Rising influence of foreign workers in Japan

Summary

Until recently, foreign workers were not of macroeconomic concern as the number was too small. As it now accounts for 2% of the total workforce and growing nearly 20% per year, it could soon start to have a meaningful economic impact on Japan's labor market, consumption and most importantly, on the longer-term growth outlook for Japan.

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