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In what follows our intention is to survey the state of the labor market in Japan on the basis of statistical data and the findings of extant studies. We have chosen to focus on four of the many features of the Japanese labor market that are important for an understanding of macroeconomic change. These are (A) the nature of unemployment, (B) wage changes, (C) labor supply changes, and (D) employment adjustment.
Shimada et al. (Wed,) studied this question.
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