In light of the fact that Japan has the lowest women’s labor force participation rates of the developed world (at a measly 33.33 percent), Prime Minister Shinzo Abe of Japan is unveiling Japan’s national growth strategy which includes one critical component: boosting female employment. Women hold the potential of adding at least 15 percent to Japan’s annual GDP, and without them the country sinks. Over the next several years, Abe plans to implement daycares to encourage more women to join the workforce. The Atlantic also highlights the fact that the Netherlands has had a nearly astronomical growth rate in women’s labor force participation rates: from 28.5 percent in 1970 to 60 percent in 2009.
As part of new economic strategy “Abenomics.”