"So, here’s the employment-population ratio of men 15-64 in Japan and the United States since 1991, when Japan’s woes are often considered to have begun. Why men as opposed to both sexes, and why the age limitation? Basically, to abstract from social change and demography — Japan has lagged the US in terms of women in paid labor, and also of course has a rapidly aging population. I don’t mean to suggest that only prime-age men matter; this is just a relatively clean indicator. And here’s what it looks like:"
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