Japan faces worst full-time worker shortage since Covid, firms struggle to hire

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Japan faces worst full-time worker shortage since Covid, firms struggle to hire - Malay Mail

Quick Summary:

TOKYO, March 9 — Japanese firms are feeling the most acute shortage of full-time workers since the Covid-19 pandemic, wi...

Economists, meanwhile, warn that small and midsize companies will struggle to keep pace with bigger firms that have the financial resources to continue hiking pay.“We have to be vigilant against the risk of more companies going bankrupt due to labour shortages,” the research firm said, noting that the number of such bankruptcies hit a record high in 2024.

The survey came as economists keep close tabs on whether the robust wage growth seen last year will continue.