Despite reports that the Japanese economy is on a recovery track, the nation's unemployment rate still exceeds 5 percent. Let me make some proposals for increasing employment opportunities on a long-term basis.
Job creation through public-works investment is only temporary, since jobs disappear when the projects end. In the traditional pattern of economic recovery, a temporary rise in the income of those employed in public-works projects would lead to more consumer spending, resulting in lower inventories and higher employment in the manufacturing and service sectors.
It no longer works that way. The following are my proposals for increasing employment opportunities: