Tanaka, Chisato. https://www.japantimes.co.jp/news/2018/01/09/national/40-percent-foreign-workers-feel-discriminated-japanese-firms-survey-finds/#.WnJYmkxFx14.
Jan 9, 2018
Overseas Business Risk-Japan. https://www.gov.uk/government/publications/overseas-business-risk-japan/overseas-business-risk-japan.
31 January, 2018
Fortune Global 500. https://www.japan-zone.com/modern/global500.shtml
order to prepare for the economic revolution, countries like Japan need to
strengthen economic and social system, despite the fact that foreign talent is
an important element of global competitiveness. With an aging and shrinking
population, Japan is struggling with seeking for foreign talents. Prime
Minister Shinzo Abe of Japan has open the doors to welcome foreign workers. It
is a good sign when non-Japanese residents increased approximately 5.2%
compared to 2010. On the other hands, those foreign workers still face the
barrier of language, policy, and cultures. Japanesetimes.com states that “Around
40 percent of white-collar foreign workers in Japan feel discriminated against
in their offices due to their nationality or gender”. These workers believe
that the biggest obstacles are the language barrier and the gender inequality.
The office’s cultures are also different. The workers do not really debate
during the meeting, they do not take criticism, and daily base tasks need to be
approved by superiors every time. It is also uncommon for young people to
become manager because Japanese respects the senior for management position. It
is interesting that Japan was ranked 9th out of 137 economies in the
Global competitive report 2017-2018. The report ranking was based on “the
competitiveness is enhanced, not weakened, by combining degrees of flexibility
within the labor force with adequate protection of workers’ rights”
(weforum.org). Base on the data, I can assume that Japanese firms are beginning
to reform to get back on track with the global economy. Despite the fact of
growing proportion of foreigner workers, Japanese have not put much efforts to
the way they manage people.
to Japan-zone.com, “As of 2015, Japanese companies make up to 54 of the top
500”. There were 71 Japanese firms on the 2010 list and this number seem to decline
over time. In 62 years, there are total 57 Japanese firms dropped from Global
500 list. The highest ranking Japanese firms is Toyota which also dropped its
place from No.6 in 2005 to No.9 in 2014. As we know, Japan growth mostly comes
from exports that makes up to 95% in 2010. According to gov.uk, “The average
annual economic growth since 2012 has been around 1%. The IMF expects the
economy to grow by 1.5% in 2017 and 0.6% in 2018”. Exchange rate is the biggest
obstacle of exporting. Since Prime Minister Abe took office in 2012, the yen
has depreciated more than 20 percent. The depreciation of Yen has helped the
export expense tremendously.