Does the deregulation of working hours contradict measures against the declining birthrate? The flexibility in working hours promoted by the Takaichi administration holds the potential to maximize both the “earning power” and the “time discretion” of child-rearing households. Professor Oguro Kazumasa shines a new light on this controversial policy from the perspective of demographic challenges. The Current Political Debate Over Working Hour Deregulation Since Prime Minister Takaichi Sanae mentioned a “review of the upper limits on working hours,” an intense debate has continued in the Diet. This is undoubtedly driven by the fact that Japan is transitioning into a full-scale labor-shortage economy, with chronic labor shortages persisting across a wide range of sectors—including services, healthcare/nursing care, construction, and logistics—amid a rapidly shrinking working-age population. From the corporate side, there are expectations that allowing flexible work styles will lead to accelerated innovation and better ... ... [Read more]