This situation suggests that, broadly speaking, we have been facing a shortage of highly skilled workers and a surplus of lesser-skilled workers relative to the optimum needs of our capital stock.
Bank of Japan’s January report of recent economic and financial developments 1 Bank of Japan, 20 January 2006. *  *  *  The Bank’s view 2 Japan's economy continues to recover steadily. Exports have continued to increase, and the uptrend in industrial production has become evident. Business fixed investment has continued to increase against the background of high corporate profits.