With regard to labor supply conditions, the labor force participation rate that had been on a declining trend, mainly due to the demographic situation, bottomed out in 2012 and is moving BIS central bankers’ speeches  3  toward a pick-up (Chart 11).
Breaking down the labor force participation rate by gender and age, the rising trend in the participation rate of women is particularly prominent, and an increasing trend is also becoming evident in recent years for men, especially in the age category of 65–74 years (Chart 12).