Japan headed for shortage of 970,000 foreign workers in 2040

TOKYO -- Japan will need 970,000 more foreign workers than it will have in 2040 to meet the nation's economic growth target, a new estimate shows, highlighting the country's challenges in attracting and retaining overseas talent.

A 2022 study put the shortfall at 420,000 foreign workers in 2040. The Japan International Cooperation Agency's new estimate is more than double this figure, with the country seen drawing fewer people from Asian nations.