Womenomics — a concept coined by Kathy Matsui, chief Japan strategist for Goldman Sachs — is a policy strategy based on research demonstrating that closing the gender gap in formal labor force participation would counter Japan’s aging workforce and boost GDP by 13 to 15 percent.
In 2013, Japan adopted “womenomics” as a core pillar of the nation’s growth strategy, recognizing the power of women’s economic participation to mitigate demographic challenges that threatened the Japanese economy.
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