The Japan Association of Corporate Executives (Keizai Doyukai) on Friday proposed the government set aside 1.5 trillion yen to expand safety-net programs supporting the unemployed.
The government should set up a 400 billion yen fund to provide 400,000 unemployed people with 1 million yen vouchers they can redeem at various vocational training institutions, according to the proposal.
The group also proposed investing 20 billion yen in 200 private job-training institutions nationwide to enable them to offer community-based programs.
Under the current employment insurance system, another 540 billion yen is required to expand the job-training period, the group said, adding the government should grant a further 250 billion yen for various types of subsidies.