Govt. To Support Japan's Job 'ice Age' Generation


Govt. to support Japan's job 'ice age' generation

Japan's government plans to support middle-aged people who missed out on regular work during the country's "employment ice age."

The plan is included in this year's basic economic and fiscal policy approved by the Cabinet on Friday.

People currently in their mid-30s to mid-40s entered the workforce in the decade after the bursting of the economic bubble in the early 1990s and the onset of deflation.

The government plans to launch a support program for roughly 1 million people of the generation. The goal is to help 300,000 of them land full-time jobs in three years.

The basic policy also calls for raising the average minimum wage to 1,000 yen, or about 9 dollars, at an early date.

It says the consumption tax will be raised from the current 8 percent to 10 percent as scheduled in October, but hints at the possibility of more stimulus measures depending on economic developments abroad.

The government has also adopted a plan for implementing its growth strategy that calls for establishing a social security system that benefits all generations.

The plan says the government will present to the Diet next year a bill to oblige businesses to help secure job opportunities for workers up to the age of 70.

Prime Minister Shinzo Abe instructed relevant ministers to promptly implement the proposals.

Abe said at a government meeting that his administration will unite to develop a robust economy in the country's new era of Reiwa.