Japan is now a plausible destination for migratory laborers, though there will be a lot of upcoming projects. During the COVID-19 pandemic, the rate of unemployment was raised to 5.3% according to the International Labor Organization (ILO). The big news for Bangladesh is that economic activity in many countries is picking up after the shock of the Corona epidemic, which has drastically increased the demand for both skilled and unskilled workers.
On August 27, 2021, Bangladesh and Japan signed an MoC for the recruitment of specifically skilled employees from Bangladesh. Imran Ahmed, Minister of Expatriate Welfare and Overseas Employment, stated that Japan would continue to employ qualified Bangladeshi workers under this cooperative agreement until 2025. The government of Bangladesh has determined to deploy 50 lakh skilled people overseas by 2024 in order to combat rising unemployment and turn the population into a workforce. In this situation, the "Japanese Manpower Market" may be a significant prospective destination for Bangladesh.
As reported by Japan Think Tank Group, 67,400 migrant workers would be required to meet the country's financial objective by 2040. The Japanese Ambassador, Ito Naoki recently visited Dhaka and met with the Minister of Expatriate Welfare and Overseas Employment, Imran Ahmad MP. The minister mentioned the abilities and industrious attitude of Bangladeshi employees, saying that they operate with credibility in the infrastructure and other sectors of different nations around the world. As a result, Imran Ahmad urged the ambassador to expand job prospects in Japan.
Japan has agreed to allow Bangladeshi immigrants to enter the country using Japanese work visas as the Middle Eastern labor market declines. Japan will require professional and trained people from many nations. At this point, The Labor Force is interested in exporting its skilled manpower to Japan. We have been exporting our manpower to several countries like Middle East, the United Arab Emirates, and the Gulf nations. But now we are capable of sending them to Japan as well, legally. We have enough educated, skilled, and trained workers to send them to Japan for employment opportunities.