Japan corporate bankruptcies hit 10-yr-high amid labor shortage

Kishi Kun, instead of doing geopolitical tourist in the name of good old US, better focus in your own country first and do something about in order to help your country problems..

Companies and small businesses can't pay the skyrocketing elctric & gas prices.

Everything in general costs 20-40% more than just two to three years ago.

It has nothing to do with a labor shortage.

And the whole the LDP does absolutely nothing to promote or implement renewable energy solutions.

Useless Kishida enjoying his trips around the world ! Fix your own country first !!!

And the whole the LDP does absolutely nothing to promote or implement renewable energy solutions.

That won't help Japan in the long term, but putting more people back to work would raise the retirement age, and put more women to work, anyone who can and if they want should be able to work full or part-time, that would cut down on the need for importing more foreign workers, pay people a livable wage and be more flexible with off time. It is just another idea that could help get Japan out of this financial mess, but as you said, the LDP consists of stagnant politicians who are too busy cashing in a check and not giving a fig about the country.

amid labour shortages

Amid poor management more like it

Zombie companies. A company is normally able to pass new costs if its customer market is sane.

Demography meltdown is reduci'g customer base so logically less companies needed, especially small ones.

My sister in law small company of bakery is doing good. Know your market and manage well.

Today had a full service restaurant experience and chat with the largely foreign restaurant staff.

They were friendly although busy, everyone was working extremely well.

Sure prices are up but there are still millions of Japanese workers out there.

When I read Kyodo articles about the reason for Japan’s economic woes they never ever critique the feckless LDP in charge of this moribund economy.

JDoe

July 6 05:27 pm JST

Companies and small businesses can't pay the skyrocketing elctric & gas prices.

> Everything in general costs 20-40% more than just two to three years ago.

> It has nothing to do with a labor shortage.

From the article

Those caused by labor shortages increased by 2.2 times to 145 cases, hitting the highest for the period since the survey began in 2013.

Bankruptcies triggered by rising prices increased by 23.4 percent to 374 cases,

Obviously companies can't operate properly/normally if they're short on labor.

One measure govt did to address was tweaking the foreign worker law I wonder how that will go

obviously companies can't operate properly/normally if they're short on labor.

Part of managing a company is understanding the labour market and forecasting accordingly

The majority of jobs in Japan pay around 1000 yen an hour for mindless repetition.

I doubt many here have ever worked on an assembly line.

There is no labor shortage; it’s the soul destroying work that is the problem.

Japan has faced three major problems and the LDP has never really seriously addressed any of these; declining population, natural disasters, and energy independence. Instead, they were always self-conscious and concentrated on running around the world trying to be the big player on the world stage, concentrated on the GDP and stock prices and continued mindless public works projects instead of real infrastructure changes. Politics became a family business and they learned how to dole out small bits of candy to the constituents just to keep them happy so they could buy their votes. Over 95% of Japanese companies are SMEs and in this article it states that small businesses accounted for 88.4% of the bankruptcies. Abenomics trickle down didn't work, but it sure made the upper tier happy.

Pay a decent wage and pay overtime and there will be no labour shortage! If a company can't survive unless it requires minimal wages and maximum unpaid OT then it should fail!

And yet the Japanese are still voting for the LDP...go figure!

Should stop requiring “Native Japanese” Language skills , even in Foreign multi-nationals

OK, but for labour jobs. For any white collar job, at minimum people should be able to read and write at a grade 5 elementary school level.