Japan needs 1 million foreign working professionals by 2040

Highlights: 1 million foreign workers required in Japan by 2040

• The Japan International Cooperation Agency (JICA) researched Japan's workforce demands.
• Research by JICA reveals that Japan will require around 1 million foreign workers by 2040.
• Foreign workers in Japan increased by 2.05 million at a rate of 3% since October 2023.
• Japan's work permits have been expanded to several blue-collar sectors to facilitate foreign labor.

*Willing to work in Japan? Y-Axis is here to provide complete assistance!

 

Foreign workers in Japan

Japan International Cooperation Agency (JICA) estimated that with Japan’s current workforce pace, only 5.91 million employees will be working in Japan in 2040. The average annual growth of Japan's economy is targeted at 1.24%. Japan needs around 1 million foreign workers to meet the economic demands of the country.

 

Foreign workers play a significant role in boosting Japan's economic growth rate. There has been a 3% increase in the number of foreign workers in Japan, which has risen to 2.05 million since October 2023. The Japanese government has extended work permits to several blue-collar jobs in order to ease public opinion on accepting foreign labor. However, experts state that Japan needs to put more effort into being competitive in the universal race for skills and talents.

 

*Are you looking for step-by-step assistance with overseas immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy, for end-to-end support.

For recent immigration updates, check out Y-Axis Immigration News!