The latest Tankan survey by the Bank of Japan shows the country’s labor shortage is the worst that it has been in over a quarter of a century.
The latest Tankan survey by the Bank of Japan shows the country’s labor shortage is the worst that it has been in over a quarter of a century.
BOJ officials asked some 11,000 companies in Japan if they have a sufficient number of workers. The index for all companies came in at minus 31 points. That’s down by 3 points from the previous survey, taken 3 months earlier. It’s the worst result in 25 years and-10 months. A negative figure indicates a labor shortage. It’s the difference in ratio between firms reporting excessive staff levels and those saying they need more workers.
