Japan gov't to urge firms to hire employees until age 70 amid labor crunch

The government said Wednesday it plans to urge companies to hire employees until age 70 as part of measures to address a severe labor shortage amid Japan's rapidly graying population.The government of Prime Minister Shinzo Abe also plans to call on companies to provide support for retired employees to find new jobs, launch their own companies or work freelance.Many companies in Japan set a retirement age of 60, but employees are legally allowed to work until 65 if they desire and employers are obliged to rehire them."It is necessary to provide a variety of options to make use of the experti…READ FULL ARTICLE