Seniority promotion, the lifetimeemploymentsystem and the dead hand of Japanese corporate bureaucracy are all anathema to the free-wheeling stock-option culture that attracts Chinese businessmen these days.
Yet when he started Pasona 25 years ago, his prospects were hardly promising: The lifetimeemploymentsystem was firmly entrenched and job movements were subject to government restrictions.
Many argue that the ranks of the poor are growing in Japan because of the insufficient pension coverage for the poor elderly and the erosion of the lifetimeemploymentsystem that in the past ensured job security and solid pay.