Japan economic growth and employmeent structure

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Across
  1. 1. Abenomics policies aimed at stimulating growth through monetary easing, fiscal stimulus, and structural reforms. Growth was positive but modest.
  2. 3. economic growth over this period has been relatively slow, with several factors influencing it:
  3. 6. Sector: Increased from 67.6% in 2003 to 73.35% in 2023.
  4. 11. Moderate growth, driven by exports and industrial production.
  5. 12. Sector: Decreased from 28% in 2003 to 23.55% in 2023.
  6. 13. Increased productivity in agriculture and industry has contributed to economic growth, despite the decline in employment.
  7. 14. Sector: Declined from 4.4% in 2003 to 3.1% in 2023.
Down
  1. 2. Sharp contraction due to the global financial crisis.
  2. 4. Sector: The expansion of the service sector has been a key driver of economic stability and growth, providing new job opportunities and supporting domestic consumption.Challenges: Japan faces challenges such as an aging population, low birth rates, and the need for structural reforms to sustain long-term growth.
  3. 5. Significant contraction due to the COVID-19 pandemic.2021-2023: Gradual recovery, but growth remains subdued due to global uncertainties and domestic challenges.
  4. 7. Implications
  5. 8. Sector: The reduction in industrial employment aligns with Japan’s shift towards automation and offshoring of manufacturing jobs.
  6. 9. Recovery phase, but growth remained modest.
  7. 10. Sector: The growth in the service sector employment corresponds with Japan’s transition to a more service-oriented economy, driven by sectors like healthcare, IT, and finance.
  8. 13. Sector: The decline in employment reflects the ongoing modernization and mechanization of agriculture, leading to higher productivity but fewer jobs.