The Japan that can say "Yes": a changing Japanese society is less interested in social contracts. (Letter from Japan).(Brief Article)

Electronic Business Asia | February 1, 2002| | Copyright

It is a time of seismic shifts in business practices in Japan's electronics industry. Corporations of all types have reversed their decades-old policy of continual expansion and are withdrawing from businesses that don't boost the bottom line. Product prices are collapsing under the strains of imports and the spread of discount stores. Big companies find it increasingly difficult to provide lifetime employment. Many employees don't want it anyway. To be sure, these trends are being driven by the globalization of competition. But at a deeper level these changes are also the ...

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