Connect with us

Hi, what are you looking for?

Stock

Tokyo government gives workers 4-day workweek to boost fertility, family time

The Japanese capital is set to introduce a four-day workweek for all government employees, in its latest push to help working mothers and boost record-low fertility rates.

The Tokyo Metropolitan Government says the new arrangement, which begins in April, could give employees three days off every week. It separately announced another policy that will allow parents with children in grades one to three in elementary schools to trade off a bit of their salary for the option to clock out early.

“We will review work styles … with flexibility, ensuring no one has to give up their career due to life events such as childbirth or childcare,” said Tokyo Governor Yuriko Koike when she unveiled the plan in a policy speech on Wednesday.

“Now is the time for Tokyo to take the initiative to protect and enhance the lives, livelihoods and economy of our people during these challenging times for the nation,” she added.

Japan’s fertility rate, which has seen a precipitous fall for many years, reached another record low in June, even as the government ramped up efforts to encourage young people to get married and start families.

Only 727,277 births were recorded last year, with the fertility rate – the number of children a woman has in her lifetime – dropping to a fresh low of 1.2, according to the Ministry of Health, Labour and Welfare. For a population to remain stable, it needs a fertility rate of 2.1.

The Japanese government has been pushing for a raft of “now or never” policies to reverse the population crisis, including ensuring men to take paternity leaves, while other local governments have also introduced measures to improve work conditions.

Many sociologists attribute the ever-plunging birth rates to Japan’s unforgiving work culture and rising costs of living. Grueling hours have long been a problem for corporate Japan where workers often suffer from health hazards and, in extreme cases, “karoshi,” a term meaning death by over work.

As in other countries, women are often under pressure to choose between their career or family, but Japan’s unique overtime work culture makes pregnancy and raising children especially daunting.

In fact, according to the World Bank, the gender gap in the country’s labor force participation, which stood at 55% for women and 72% for men last year, is higher than other high-income nations.

The shift to a four-day workweek has sparked growing interest in the West, where some companies are beginning to explore compressed hours as a way to attract talent seeking better work-life balance. Some studies have shown that it improves well-being and productivity among workers.

But the idea is still seen as radical for Japanese companies, which often equates time spent at work with loyalty for the company.

And Tokyo isn’t the only place in Asia to implement more family friendly policies. Earlier this year, Singapore introduced new guidelines requiring all firms to consider requests by employees for flexible-working arrangements. That could include four-day weeks or flexible hours.

This post appeared first on cnn.com

    You May Also Like

    Editor's Pick

    Protesters in Brussels participate in the Walk for Your Future climate march ahead of COP27. United Nations climate conferences typically reach their peak just...

    Editor's Pick

    In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

    Editor's Pick

    Entrepreneurs are transforming the way society makes and distributes valuable things. There will be (and already are) important consequences for the way we work...

    Editor's Pick

    For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

    Disclaimer: economyinnovationsexpert.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 economyinnovationsexpert.com