Japan's new enemy in fight to lure immigrant workers: The tumbling yen - Nikkei Asia

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Staff from housekeeping services provider Bears.

While a severe labor shortage in Japan means many companies are keen to hire from overseas, comparatively low wages and the historically weak yen are blunting the country's appeal.

TOKYO -- At a nearly 40-year low versus the dollar, the yen and its sharp weakening are exercising the minds of Japanese government officials and central bankers racing to come up with an urgent, cogent policy response.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceBusiness

Markets: Japan

Topics: Housekeeping Asian Content Bears Nikkei Labor Services Staff Japan Severe

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 21:00:00 (1 days ago)

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Article Length: 134 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 21656032

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Main Topics: InvestingFinanceBusiness

Official Website: asia.nikkei.com

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