Japan's next premier to find COVID-19 pandemic eroding job market gains made by 'Abenomics'

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TOKYO: Whoever succeeds Shinzo Abe as Japan's prime minister will be confronted with growing signs that the job market is deteriorating in an ...

TOKYO: Whoever succeeds Shinzo Abe as Japan's prime minister will be confronted with growing signs that the job market is deteriorating in an economy laid low by the COVID-19 pandemic.

The number of temporary workers fell by 1.31 million in July from a year ago, the biggest drop in more than 6-1/2 years. But the pandemic is even starting to affect hiring of university graduates, who until recently had no trouble landing jobs due to chronic labour shortages in an ageing population. Naoki Ishihara, a 24-year-old graduating this year, had a job offer from a design company cancelled in February.

 

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