Japan’s equity market is undergoing meaningful change in corporate governance, driven by domestic reform and shifting macroeconomic conditions But not every company is the same—which is good news for active managers. The strong belief in equality of opportunity among the japanese, even if it has declined significantly among young people, explains why the demand for redistribution is lower in japan than elsewhere, observes researcher sébastien lechevalier in his column. This section introduces the important policies that the government of japan is addressing, such as abenomics, innovation, diversity and international development, with many videos and infographics. In this insights, cra consultants detail the requirements of the new japanese pay gap reporting requirement and outline potential challenges and considerations for affected companies. Therefore, the labor market in japan may not be competitive, but has distinct characters so that implications on inequality may not be the same as in other countries
In addition, the function of labor unions may not be the same as those in other countries. Indeed, in a 2018 report, the ministry of economy, trade and industry highlighted that japan faced a “digital cliff”, where businesses would collectively lose ¥12 trillion ($77.6 billion €72.8 billion) every year after 2025 if they failed to adopt digital technologies and practice.
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