As the domestic workforce continues to shrink, competition for skilled talent will intensify. Japan must not neglect its greatest strength: the ingenuity and intelligence of its entire population.
Japanese corporations need the talents of a wider group of people, throughout the organisation and in the governance structures. Japanese women, foreigners, midcareer hires and the young generation are all groups that bring a huge amount of energy and multitude of ideas. Japanese corporations that embrace these groups will find they are better able to win against both domestic and foreign competitors.
PwC Chairman Bob Moritz talk to Reuters' Fred Katayama about how how to improve Japan's global competitiveness.