Japan’s Job Outlook Brightest in Decades. Pity About the Wages

Japan’s unemployment is at its lowest in almost three decades. There are more than two jobs for every applicant in Tokyo. Pay in Japan is estimated to have risen just 0.9 percent in February from a year earlier. That’s well short of the 3 percent economists say is needed to drive spending and prices toward the Bank of Japan’s 2 percent inflation goal. Source: https://www.bloomberg.com/news/articles/2019-03-29/japanese-job-seekers-are-experiencing-the-best-market-in-decades

Japan needs more foreign workers

The country’s working age population will fall an average of 1.1% a year over the next 50 years and will place a huge burden on the economy. Changes to Japan’s residency law could see 350,000 new foreign laborers in the country over the next 5 years Source: https://www.cnbc.com/2019/03/28/japan-needs-foreign-workers-as-population-ages-abe-aide-tomomi-inada.html

ASEAN and Japan to ink revamped economic pact in March

The economic pact will liberalize the investment and service fields, completing a deal that took effect over a decade ago. Negotiations for the ASEAN Japan Comprehensive Economic Partnership (AJCEP) began in 2005. The elimination of tariff barriers to trade in goods began to gradually take effect in 2008, while issues related to opening up investment and service fields were tabled. In Myanmar, where liberalization lags, the completion of AJCEP will