Japan Inc. needs to deconstruct its employment escalator
Article Abstract:
Japan needs to restructure its labor force employment escalator to recover from its economic quagmire. Employees participated equally for the good of the company and were compensated based on their level on the escalator. The escalator system has hindered economic growth by not adapting to the everchanging global market conditions. The unemployment rate has been posted at 4.1% in April 1998. Employees should be compensated accordingly, based on skills and knowledge to encourage competitiveness. Moreover, structural reforms on the real estate, agricultural and banking sectors should be instituted immediately for the economy to recover.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Japan must tap land's wealth
Article Abstract:
Analysts are suggesting that Japan could revitalize its economy through securitization of real estate. A real estate-related financial program could liquify the nation's wealth. Competition and innovation through deregulation coupled with securitization could provide the economic prosperity that Japan wants. Japanese banks have to securitize their bad loans and residential mortgages along with a monetary policy that can sustain economic growth.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Half measures hobble Japan's recovery
Article Abstract:
The Japanese economy is showing signs of recovery as the government is aiming for a 0.5% growth for the 1999 fiscal year. This may indicate a reversal of the depression which Japan sank into during the 1990s but economic measures being adapted are still insufficient. The bank rescue strategy through public-fund boosts is commendable but not enough. The real estate industry was also severely affected and needs to be attended to.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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