According to the article, Japanese Prime Minister Shinzo Abe are encouraging women entering workforce. The latest data available from the OECD has the female participation rate at 66.0% in 2014, which is the highest rate in the past 15 years. In 2011, however, there is 63.0%. Meanwhile, the unemployment for women dropped from 4.4% in 2011 to 3.5% in 2014.
The purpose of encouraging women entering workforce is increasing the potential output and improving women's income so that they can consume more in goods markets. This would finally has positive impact on Japanese economic growth.
http://www.businessinsider.com/japanese-women-entering-workforce-2016-4
I think it is great that Japan is incentivising women to enter the workforce. This is both a positive social step for women's rights around the world but will also help Japan's economy grow.
ReplyDeleteIt's really good to see that Japanese companies encourage women to get into the labor market. On the one hand, this is a good news for protecting women rights. On the other hand, as we all know, growing aging population has been a serious problem in Japan for a long time. Encouraging women to get into the labor market is a good way to help offset the declining labor force.
ReplyDeleteThis article was interesting to read. I agree that it is great that japan is incentivizing women to enter the workforce. I think it would be interesting to see what the wage gap is in Japan and also I wonder if this will increase the number of Japanese women that go to college to gain more human capital and try to get high paying jobs.
ReplyDeleteThis article is very interesting in my opinion. I know they have implemented many programs to incentivize women to enter the work force but I believe there is more that can be done. They should consider implementing programs to increase female participation in industries where there are not many females employed. This would certainly greatly benefit Japanese society and their production.
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