As Japan's population ages its also shrinking at an alarming rate a problem which has come to manifest itself in a labor shortage. While not a panacea for solving the problem allowing a larger percentage of women to work would help ease the situation.
Standing in the way? Misogyny, paternalism and a work culture which forces its employees to work long hours and sacrifice everything for the company.
The Japanese economy slipped into recession in the third quarter, a surprisingly poor performance that could delay a planned sales tax hike.
Gross domestic product shrank by an annualized 1.6% in the three months ended September, Japan's Cabinet Office said Monday. The result was much worse than the 2.2% expansion expected by economists.
On a quarterly basis, Japan's GDP declined by 0.4% as business investment slipped. Economies are commonly described as being in a technical recession after two straight quarterly contractions.
The disappointing result comes as Japan faces a full slate of questions over tax policy and the country's plan for economic revival -- dubbed "Abenomics."
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