Japan’s Economy Would Gain With More Women in Science and … – International Monetary Fund
Eliminating the entry barriers faced by women in STEM careers would significantly boost the country’s productivity growth
Japan has one of the oldest populations globally, with its working-age population shrinking since the late 1990s. Despite that, Japan achieved impressive per capita gross domestic product growth, trailing only the United States, from 2012 to 2019 during “Abenomics”—the combination of monetary stimulus, fiscal flexibility, and structural reform advocated by Prime Minister Shinzō Abe.
A major contributor to per capita growth was the rising number of women entering the labor force. The female labor-force participation rate in Japan rose to 74 percent in 2022 from 63 percent in 2012. The new entrants, typically former stay-at-home mothers, were able to rejoin the labor force thanks to enhanced child-care support from the government and improved maternity-leave policies. These additional female workers helped mitigate the country’s chronic labor shortage, boosted…
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source: https://news.oneseocompany.com/2023/11/13/japans-economy-would-gain-with-more-women-in-science-and-international-monetary-fund_2023111352535.html
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