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The labour market in Japan weathered the global financial and economic crisis relatively well. At 68% in May 2016, total employment as a share of the population aged 15-74 in Japan is both well above its pre-crisis level and one of the highest among all OECD countries. The OECD projects further increases in the employment rate during 2016 and 2017.
The OECD Working Group on Bribery in International Transactions has continuously urged Japan since 2002 to strengthen its efforts to fight bribery by Japanese companies in their foreign business activities, and implementation of the Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions.
In December 2014, the OECD Working Group on Bribery in International Business Transactions agreed to send a High Level Mission to Japan due to longstanding serious concerns about Japan’s implementation of the OECD Anti-Bribery Convention.
Japan, one of the founding members of the OECD Development Centre, makes a welcome return to the Centre. Japan’s re-entry is one of the milestones during a seminal week of activities at the Organisation for Economic Co-operation and Development, including celebrating the 2016 OECD Week, holding its Ministerial Council Meeting and convening a High-Level Meeting of its Development Centre Governing Board.
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
The Secretary-General attended the G7 Leaders’ Summit and spoke at the outreach sessions “Stability and Prosperity in Asia” and “2030 Agenda for Sustainable Development Goals”.
The Secretary-General presented OECD’s recent analysis and recommendations on the world economy, on more balanced and efficient financial markets for growth, and on progress on the international tax system. He also spoke at the G7 High-Level Symposium “Future of the Global Economy”, organised by the Japanese G7 Presidency.
Japan, one of the founding members of the OECD Development Centre, conveyed its intention to return as a member. Prime Minister Abe and Minister of Foreign Affairs Fumio Kishida confirmed Japan's commitment to the OECD Secretary General Gurría and Development Centre’s Director Mario Pezzini during their visit to Tokyo earlier this week.
Japan must make revitalising growth its number one priority with reforms to boost productivity and encourage more women and older people into jobs to compensate for its rapidly shrinking labour force, according to the OECD.