Japan Needs Four Times More Foreign Workers by 2040

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(SPOT.ph) In case you're looking to leave the Philippines ASAP, you may want to set your sights on job postings in Japan. The country's justice ministry official already announced in November 2021 that they're allowing foreigners in certain blue-collar jobs to stay in the country indefinitely starting 2022. On top of this, a group of Tokyo-based public think tanks said on February 3 that the Asian country needs to quadruple its population of foreign workers by 2040 if it wants to maintain its growth.

Their government has always been hesistant about easing Japan immigration polices, but labor shortage and the dwindling population is pushing the country to look elsewhere for their workforce. The country's population has been in decline since 2008.

Also read: Japan Looks to Accept More Foreign Workers in 2022

The group—which includes the research arm of the Japan International Cooperation Agency—said that Japan needs to have 6.74 million foreign workers by 2040 to sustain its average annual economic growth of 1.24%. This figure is 300% more than its current number of 1.72 million foreign workers, or about 2.5% of the current labor force. The study also projected that Japan would lose more than 10% of its local workforce in the next 20 years.

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At present, Japan's foreign workers come from Vietnam and China. But it is expected that the number of immigrants from Cambodia and Myanmar will also surge in the next couple of decades, according to the report.

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