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Japan faces largest labor shortage in 40 years

Posted online May 30, 2017 | 11:36 am

Japan's labor shortage has reached its most extreme level in over 40 years.

For every applicant, the country has 1.48 jobs, according to government data released Tuesday.

That's the highest figure since 1974, when the ratio was 1.53.

Read more from CNNMoney.

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