Keio University's Shirai Sees Japanese Labor Shortage

The video discusses Japan's economic growth, labor shortage, and stagnant wage growth. Despite a positive output gap and low unemployment, wages are not rising due to structural labor issues and reliance on part-time workers. Real consumption remains stagnant as real wages have not increased since 2012. The video explores potential policy measures, including targeted wage growth strategies and corporate sector involvement, to address these challenges.

What is one reason for the slow wage growth in Japan despite a low jobless rate?

• High inflation rates

• Structural labor shortages

• Excessive government intervention

• Rapid technological advancements

Why has real consumption in Japan remained stagnant since 2012?

• Increase in real wages

• Decrease in inflation

• Lack of increase in real wages

• Rise in consumer confidence

What is one factor that has not happened since 2013, affecting household spending?

• Growth in real estate prices

• Rise in unemployment

• Decrease in inflation

• Increase in expected wage growth

What is a proposed solution to encourage wage growth in Japan?

• Decreasing government spending

• Reducing corporate taxes

• Implementing a weight-based targeting system

• Increasing interest rates

What is a concern for Japanese corporations that affects their use of profits?

• High employee turnover

• Uncertainty in the market

• Lack of technological innovation

• Excessive government regulation