Japan's labor productivity ranks 29th among 38 OECD members in 2023

Japan ranked 29th in labor productivity among the 38 OECD members in 2023, up two spots from the previous year's all-time low, thanks to an economic recovery after the coronavirus pandemic, a Tokyo-based group said.Measured by the worth of goods or services a worker produces per hour, Japan's labor productivity was $56.80, remaining the lowest among the Group of Seven advanced economies since 1970 when comparable data became available, the Japan Productivity Center said.Compared to other Organization for Economic Cooperation and Development members, Japan ranked between Poland at $57.50 per…READ FULL ARTICLE