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Aging, Female and Foreign Workers, and Japanese Labor Markets: An International Perspective

In: Changing Japanese Business, Economy and Society

Author

Listed:
  • Alice Nakamura
  • Masao Nakamura
  • Atsushi Seike

Abstract

The Japanese economy has been in a prolonged recession since the bursting of the financial bubble in 1990, and at the time of writing unemployment rates have reached historical highs even for men in their prime. The causes of the recession are long-term imbalances and fundamental changes in the environment and the structure of the Japanese economy. In the late 1980s, when this financial bubble was forming, firms, households and all levels of government made massive amounts of inefficient investments, both real and financial. (Real investments such as firms’ investments in plant and equipment are often distinguished from financial investments such as investments in stocks, bonds and other financial securities.) In the aftermath of the bursting bubble, Japan has been suffering from non-performing loans of all kinds and has been unable to direct new capital into productive areas of the economy. Globalization has also contributed to the country’s unemployment woes.

Suggested Citation

  • Alice Nakamura & Masao Nakamura & Atsushi Seike, 2004. "Aging, Female and Foreign Workers, and Japanese Labor Markets: An International Perspective," Palgrave Macmillan Books, in: Masao Nakamura (ed.), Changing Japanese Business, Economy and Society, chapter 6, pages 107-143, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52404-0_6
    DOI: 10.1057/9780230524040_6
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    Citations

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    Cited by:

    1. Tomoko Kishi & Noel Gaston, 2010. "Labor Market Transitions for Female Workers in Japan: The Role of Global Competition," Chapters, in: Noel Gaston & Ahmed M. Khalid (ed.), Globalization and Economic Integration, chapter 11, Edward Elgar Publishing.
    2. Gaston, Noel & Kishi, Tomoko, 2007. "Part-time workers doing full-time work in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 21(4), pages 435-454, December.

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