1945

Is womenomics working?

When we first broached the topic of Womenomics and Japan’s need for greater gender diversity in 1999, our argument was not social or cultural, but rather a simple economic one. After all, the three key determinants of economic growth for any country are: labour, capital, and productivity. Since Japan’s population is shrinking, capital is finite, and productivity gains will take time, unless radical steps are taken quickly, we argued that the nation not only faced the risk of a further decline in its productivity and potential growth rate, but eventually, lower standards of living as well.

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