Japan is squandering one of its most precious resources. Not its world-famous fisheries or tech savvy. Rather, Japan is failing to tap the potential of its women — a demographic that could hold the key to an economic turnaround.
Japan has been battling deflation for years, and its economic woes have been aggravated by a shrinking workforce — the result of a rapidly aging population and a slowing birth rate. At the same time, the country is home to millions of highly educated women that are not working.
Women are “a very obvious hidden asset,” said Kathy Matsui of Goldman Sachs, who has researched the role of women in Japan for over a decade. “It’s hard to run a marathon with just one leg.”
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