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Foreign Help Wanted: Easing Japan’s Labor Shortages

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  • Mr. Giovanni Ganelli
  • Naoko Miake

Abstract

Data and anecdotal evidence suggest that Japan is suffering from labor shortages, which are large in an international perspective, have a negative impact on potential growth, and reduce the effectiveness of monetary and fiscal stimulus. This paper focuses on policy options to ease Japan’s labor shortages. In particular, we focus on possible measures to increase reliance on foreign labor. Other policy recommendations to deal with shortages include policies aimed at increasing female labor participation, encouraging wage growth, increasing investment, as well as training and other active labor market policies.

Suggested Citation

  • Mr. Giovanni Ganelli & Naoko Miake, 2015. "Foreign Help Wanted: Easing Japan’s Labor Shortages," IMF Working Papers 2015/181, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/181
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=43142
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    References listed on IDEAS

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    1. repec:ilo:ilowps:411228 is not listed on IDEAS
    2. Ducanes, Geoffrey. & Abella, Manolo I., 2008. "Labour shortage responses in Japan, Korea, Singapore, Hong Kong, and Malaysia : a review and evaluation," ILO Working Papers 994112283402676, International Labour Organization.
    3. Chie Aoyagi & Giovanni Ganelli, 2017. "Unstash the Cash! Corporate Governance Reform in Japan," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 1(7), pages 51-69, May.
    4. Mr. Joong S Kang, 2014. "Balance Sheet Repair and Corporate Investment in Japan," IMF Working Papers 2014/141, International Monetary Fund.
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    Cited by:

    1. Ms. Elif C Arbatli Saxegaard & Mr. Dennis P Botman & Kevin Clinton & Pietro Cova & Vitor Gaspar & Zoltan Jakab & Mr. Douglas Laxton & Mr. Constant A Lonkeng Ngouana & Mr. Joannes Mongardini & Hou Wang, 2016. "Reflating Japan: Time to Get Unconventional?," IMF Working Papers 2016/157, International Monetary Fund.
    2. Eric D. , Ramstetter, 2016. "Experiences with Foreign Workers in Singapore and Malaysia: What are the Lessons for Japan's Labor Markets?," AGI Working Paper Series 2016-06, Asian Growth Research Institute.

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