Category: Business in Japan
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Time Traditions and Hidden Financial Impact
The convention of starting breaks at noon and salary payments on the 25th of each month is widely observed, particularly in larger corporations in Japan. It’s a norm that many of us accept without much thought. However, the practical implications of these seemingly arbitrary timings can be surprisingly significant. For instance, a long queue is…
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Japan’s Hesitation Towards Recurrent Education
The concept of “recurrent education,” surprisingly, has not gained widespread recognition in Japan. This term refers to the ongoing process of education that individuals engage in throughout their lives, even after entering the workforce. In Japan, this often takes the form of continuing education without taking time off from work, commonly known as “relearning for…
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Zombie Companies Increase
Teikoku Databank announced today that the number of companies that are unable to pay their interest out of their core business profits and are extending their lives by asking financial institutions to change terms or receiving government support, so-called “zombie companies”, has rapidly increased to 250,000, approaching the all-time high. This is probably because excessive…