The employment component of the Tankan provided some welcome good news in an otherwise lacklustre survey. The employment index fell to its lowest level in four years, indicating that Japanese firms have now eliminated much of the over-employment that has dogged them since the global financial crisis. However, the headline result masks a growing disparity between the manufacturing sector, which is still suffering from over-employment, and the non-manufacturing sector, which is increasingly short of workers.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services