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Posted in: Japan bankruptcies top 10,000 in 2024 on labor shortage, weak yen See in context
Japan's economy is facing a problem because it doesn't accept many foreign workers, unlike other developed countries. Many countries have allowed immigrants to help grow their economies, but Japan has been slow to do so. As Japan's population gets older and fewer children are born, there aren't enough workers to fill jobs in areas like healthcare and factories. Without more foreign workers, Japan may have trouble keeping its economy strong in the future.
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