And, as the number of firms taking the offensive increases, the economy will eventually shift to a full-fledged recovery path. Characteristics of economic recovery under structural adjustment Currently, it is our judgment that Japan’s economy is at the stage where the number of firms taking the offensive has started increasing, that is, the economy is moderately recovering parallel with structural adjustment.
Furthermore, the composition of unemployment and its slow decline, coupled with the high percentage of young people “Not in Education, Employment or Training”, highlight a need to focus on life-long learning and a better matching of skills.