Committee:Sustainability & Social Responsibility
Japan, known to have the world’s highest rate of seniority, also has one of the fastest population declining paces in the world. Its economy is bound to drastically change in the following decades due to a decrease in population of 30 million by 2050. The Sustainability & Social Responsibility committee of the EBC supports Prime Minister Kishida’s “New Capitalism” encouraging investment in human capital as one of the main pillars of his growth strategy. We expect that this initiative will result into a more inclusive Japanese economy.
- To offset its shrinking labor force, Japan needs to bring more women into the workforce by supporting working mothers, reducing its gender pay gap (second largest among OECD countries) and giving them access to more stable jobs.