"Due to demographic changes, and the progress of digitalization and globalization, we are at a major turning point," said Japanese Labor Minister Takumi Nemoto as he opened the two-day meeting. "We have to face challenges and shape the future of sustainable work."
The ratio of people aged 65 years old and over in the workforce is expected to rise in each of the G20 members. Together the G20 accounts for more than 80 percent of global growth.
According to Japanese officials, the participants discussed measures to encourage the employment of the elderly, since the graying population leads to a shortage of labor and slows economic growth, among other points.
Japan, which chairs this year's G20, hosted the group's summit for the first time in late June in Osaka. The ministerial meeting is expected to end Monday (September 2) with a joint declaration.
