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LIST  June 2015

LIST June 2015

Subject:

Re: FW: [NBR's_Japan_Forum] What does a Japanese recession look like?

From:

Alexander Kinmont <[log in to unmask]>

Reply-To:

NBR's Japan Forum <[log in to unmask]>

Date:

Sun, 28 Jun 2015 16:25:28 +0900

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text/plain

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text/plain (9 lines)

Foreign financial firms (to take a high profile instance) seem capable of laying off large fractions of their workforce on a regular basis (one recently did a nearly 10% reduction). There appears to be no particular to Japan legal obstacle to so doing.

Japanese firms could lay off full-timers if they wanted to. The obstacle is not the law but the salaryman's unwillingness to fire a salaryman. This is a 'class' question, not an issue of law. They are perfectly happy to shaft everyone else.

A Kinmont

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