Market Intelligence Reports

Quarterly APAC Market Report Q3 2020

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15 October, 2020 Japan Schools Reopened Non-essential Shops Open Bars and Restaurants Open International Travel Allowed* Arrival Free of Quarantine *Some exceptions, subject to specific visas and location for previous 14 days. Sources: https://www.manpowergroup.com/workforce-insights/data-driven-workforce- insights/manpowergroup-employment-outlook-survey-results#%20 http://www.stat.go.jp/english/data/roudou/results/month/index.html https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific- Information.html https://www.gov.uk/foreign-travel-advice/japan/entry-requirements https://www.eastasiaforum.org/2020/10/01/future-proofing-japans-labour-market-recovery/ https://voxeu.org/article/covid-19-and-teleworking-japan https://www.japantimes.co.jp/news/2020/10/16/business/cabinet-coronavirus-subsidies/ https://www.nippon.com/en/news/yjj2020101900817/ Total Workforce (Aug) 68.82M % Unemployed (Aug) 3.0% Unemployed Workers 2.06M Unemployment for 15-24 year olds is at 4.7%. Recruit Career Co recently found that almost 88% of students due to graduate in Spring 2021 had an informal job offer This is approximately 5% lower than at the same time last year. The Japanese labor ministry estimates that 20K university and high school graduates don't currently have a job – this is expected to increase in 2021. In a recent survey by the Japanese Cabinet Office, 34.5% of respondents had done some telework since the beginning of the pandemic compared with 6% in January. Where there was significant demand for essential workers, some companies enabled a temporary transfer of staff between industries and occupations. The unemployment rate would be higher if the furlough scheme in Japan had not been extended to December. Labor Force (in thousands) and Unemployment Rate by Quarter Most Recent Workforce Statistics Employment Situation Manpower Q4 Employment Outlook Survey (MEOS) Youth Employment Situation Total Covid-19 Deaths (22 nd October 2020) https://www.worldometers.info/coronavirus Covid-19 Restrictions – October 2020

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