• Behind Japan’s Low Unemployment Rate: An Analysis of Labor Market Trends

    In terms of the data performance of the unemployment rate, Japan can be called a “top student”. According to the comprehensive statistics of the unemployment rate of various countries by the Organization for Economic Cooperation and Development (OECD), Japan’s unemployment rate did not exceed 3% during the three-year period of the epidemic. In the post-war history, Japan’s unemployment rate has only exceeded 5% in two periods – the period of continuous impact after the bursting of the bubble economy, and the period of impact of the Lehman crisis. Japan’s unemployment rate has been low, outperforming many developed countries, but this seemingly attractive result is composed of many factors. The statistics…

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