Unemployment in Japan. Causes, Effects and Ways to Overcome

Seminar paper from the year 2022 in the subject Economics - Job market economics, , language: English, abstract: The unemployment rate is commonly used for understanding conditions in the labor market. The labor market is the term used by economists about the supply of labor and demand for labor. The unemployment rate also provides on how the economy is performing more generally. Unemployment occurs when someone is willing to work but does not have a job. The unemployment rate is the percentage of people in the labor force who are unemployed. To measure the unemployment rate, it requires to identify the labor force. The labor force includes people who are either employed or unemployed. The number of unemployed in April 2020 was up by 60,000 and the unemployment rate rose to 2.6% percent. It happens that during the pandemic the unemployment rate in Japan has not been as serious as in other advanced countries by averaging just 2.8% percent in 2020 in Japan. Below, the graph shows the statistics for the unemployment rate in Japan from 1999 to 2021. Japan unemployment rate was at level 2.8% in 2021, unchanged from the previous year. Japan is one of the leading countries with economic factors such as agriculture, fishing, manufacturing, and tourism among others. Japan's GDP per sector is as follows, Services 71.4%, Industry 27.4%, and Agriculture 1.2%. Japan is the third largest economy in the world after the United States and China. Japan is the fourth largest export market after the United States, China, and Germany. Japan has close ties with the United States, European Union, Latin America, Australia, China, and many other countries. Its unemployment rate is lower than other leading countries on level 2.8%. The Japanese hard-working ethics are recognized around the world. It is inseparable from a solid dedication to the organization and to do the job that needs to be done. Competition among coworkers and devotion to the organization are normal and encouraged. The Japanese language even has its own term for sudden death from being exhausted working called 'KAROSHI'.

My name is Bandar Naji Ali Hezam, and I am from Yemen. Growing up, I was always interested in technology and how things worked. However, my parents did not have any background in engineering, so it was up to me to explore this interest on my own. After completing my secondary education in Yemen, I decided to pursue a degree in mechatronics engineering at Asia Pacific University of Technology and Innovation. I was attracted to this field because it combines mechanical, electronic, and computer engineering, and I knew that it would provide me with a solid foundation in a wide range of technical skills. Studying at Asia Pacific University was an enriching experience. I met people from all over the world, and I was exposed to new ideas and ways of thinking. The program was challenging, but I enjoyed every moment of it. I learned about the principles of mechanics, electronics, and computing, and how they all come together to create complex systems. After graduating with my degree, I decided to pursue a Master's degree in Business Administration at University of Cyberjaya. I wanted to expand my knowledge beyond the technical aspects of engineering and learn more about business and management. The program was rigorous, but it gave me a deep understanding of finance, marketing, organizational behavior, and other important business topics. With my education and skills, I started my career as a mechatronics engineer. I have worked for several companies over the years, designing and developing complex systems for a variety of industries. I have always been passionate about my work, and I have enjoyed every project that I have worked on. In my free time, I like to read books and stay up-to-date with the latest developments in technology and engineering. I also like to travel and experience new cultures and ways of life. Looking back on my life so far, I am proud of what I have accomplished. As someone who did not have any background in engineering in my family, I am particularly proud of my achievements. I hope to continue to learn and grow as an engineer and as a person, and to make a positive impact in the world.