We are aware that remittances are by themselves already inherently difficult to measure, since they are composed mostly of numerous small, frequent transactions, carried out by a multitude of transactors through a complex structure of originating and delivering agents here are also other measurement concerns including appropriately capturing remittances of non-resident OFWs which are invested in financial instruments or physical assets such as real estate.
Japan's labor market is, however, well known for its low labor mobility due to long-standing life-time employment practices. From now on, our labor market should embrace new practices that accommodate workers seeking transition from one job to another, with programs for re-training and a social safety net for the unemployed.