Aging, female and foreign workers, and Japanese labor markets: An international perspective

Alice Nakamura, Masao Nakamura, Atsushi Seike

Research output: Chapter in Book/Report/Conference proceedingChapter

4 Citations (Scopus)


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.

Original languageEnglish
Title of host publicationChanging Japanese Business, Economy and Society
Subtitle of host publicationGlobalization of Post-Bubble Japan
PublisherPalgrave Macmillan
Number of pages37
ISBN (Electronic)9780230524040
ISBN (Print)9781403941343
Publication statusPublished - 2004 Jan 1

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • General Business,Management and Accounting
  • General Social Sciences


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