Japan and Irreplaceable Role

Japanese companies: But Japanese companies have not yet found a method to cope with the bursting of the bubble in the 1990s and the subsequent long-term economic slump, according to Global Times China. Japan culture of working overtime hours as a heritage of the Dankai Generation has been playing an irreplaceable role in society, but it has also brought other social issues, including inefficiency, death from overwork, and a surge in the number of employees committing suicide. Traditional scholarship on Japan boom has focused on the diligence of that generation, and a culture that came to regard their workplaces as home. The business culture that once made Japanese so proud is now showing its drawbacks, which are starting to frustrate Japan economic development. Under the bill, white collar workers who make 10.75 million yen a year or more will no longer be covered by overtime pay, and they will be paid based on their actual working performance, instead of working hours. In order to reinvigorate the country economy and change its inefficient business culture, the administration of Japanese Prime Minister Shinzo Abe came up with a new approach last year - the "Zero Overtime Bill," which is one of the proposed amendment to Japanese Labor Standards Act. (news.financializer.com). As reported in the news.