| | Japan's Economy: 21st Century Challenges | Japan Digest (Site not responding. Last check: 2007-10-06) |
 | | The irony is that many of the practices that have made the Japanese economy so successful in the past, including strong government involvement in the economy and the permanent employment/seniority system, are now hindering Japan's future international competitiveness. |
 | | A recent survey of Japan's ten largest companies indicated that every one of these corporations reported significant numbers of workers who were no longer needed, but, were still retained because of "lifetime employment." The range of surplus workers in each company varied from a low of 5.4% to Nissan's whopping 26.7%. |
 | | Japan could afford the luxury of unneeded employees when there was little international competition but, as mentioned earlier, the competitive situation has intensified significantly. |
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