Financial Times
Mar 2, 2023 - 6 min
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This immovable anchor is at the heart of Japan's economic woes. The cultural phenomenon of "hatarakanai ojisan", which translates to "old geezer", represents much of the structures and protective labour laws that have held back essential government reforms and left much of the young Japanese workforce demoralised. At a time when the working-age population is shrinking and investors are seeing persistently low productivity, Leo Lewis examines the harm these unmotivated workers cause.