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Japan's jobs market on the way to modernisation
The traditional corporate culture in Japan, anchored on lifetime employment and a seniority-based wage system, is gradually being modernised, influenced by the growth strategies under the administration of Prime Minister Fumio Kishida. Policymakers are focusing on promoting upskilling and labour mobility, while companies are raising wages to retain talent and compete with global firms. The increased dynamism of the Japanese labour market could contribute to the long-term growth of the Japanese economy.In Japan’s labour market, an increase in people changing jobs is occurring in the middle of a growing labour ... (full story)
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- Posted: Jul 7, 2024 8:20am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,642
