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While Japan has enjoyed a persistent low unemployment rate compared to other high-income countries, this may paint too rosy a picture of unemployment in Japan

While Japan has enjoyed a persistent low unemployment rate compared to other high-income countries, this may paint too rosy a picture of unemployment in Japan because Japan does not have a modern unemployment insurance program. Japanese employers are reluctant to formally lay off workers even when there is little real work. the Japanese labor force has been shrinking for 20 years

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