"With Japanese companies increasingly moving abroad and a shrinking population making growth in construction work unlikely, these sectors just can't absorb male workers the way they used to," explained Toshihiro Nagahama, chief economist at Dai- Ichi Life Research Institute in Tokyo. "Nominal wages are falling and falling as a result. This 'mancession' is far from over."
An explanation of the trend is that Japan's economy is moving from industrial production to services. A very popular one is catering, a market with 29 million people over the age of 64.
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