Which of the following is a characteristic of Japan's labor market?

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Japan's labor market has low rates of labor mobility and business start-ups, with a high emphasis on job security and stability. Workers are often hired for life and changing jobs is not common. Additionally, the workforce is getting older, leading to concerns about a shrinking labor pool. While Japan's overall unemployment rate is relatively low, there are high rates of underemployment and a lack of opportunities for certain demographic groups, such as women and youth.

Which of the Following Is a Characteristic of Japan's Labor