To resolve such mismatch, it is necessary to further enhance the flexibility of the labor market by, for example, making job changes easier. The weakness of Japan’s economy is that such lack of market flexibility is observed here and there. In addition, the expansion of a safety net including unemployment policy will be important in generating personnel who make challenges for new business areas.
8  BIS central bankers’ speeches  BIS central bankers’ speeches  9  10  BIS central bankers’ speeches