Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
Abstract
After World War II, Japan focused all its efforts on its economy. The country''s gross domestic product grew by stunning rates in the 1950s and 1960s, and continued as the world''s second largest through the 1980s. In the ''lost decade'' that followed, it seemed as though the ''Japanese miracle'' was being dismantled by the long-lasting recession in the economy. As downturns in the economy reflected surges in the unemployment rates, measures to create employment had become a key issue in government policy, especially in the wake of increasing corporate restructuring. This case traces some of the measures employed by the Japanese government in tackling the unemployment problem, and offers scope for discussion on the need for alternative sources of labour in a predicament of its ageing population, declining birth rate, and decreasing human resources.
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Abstract
After World War II, Japan focused all its efforts on its economy. The country''s gross domestic product grew by stunning rates in the 1950s and 1960s, and continued as the world''s second largest through the 1980s. In the ''lost decade'' that followed, it seemed as though the ''Japanese miracle'' was being dismantled by the long-lasting recession in the economy. As downturns in the economy reflected surges in the unemployment rates, measures to create employment had become a key issue in government policy, especially in the wake of increasing corporate restructuring. This case traces some of the measures employed by the Japanese government in tackling the unemployment problem, and offers scope for discussion on the need for alternative sources of labour in a predicament of its ageing population, declining birth rate, and decreasing human resources.
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