Japan’s ‘Womenomics’ Push Ages Terribly As Economy Struggles

Sometimes, what no one is talking about this is exactly the pressing election issue. Especially when omitting is design – just like the role of women in the Japanese economy.

I’m as frustrated as anyone since the Liberal Democrats returned to power to prioritize gender equality and must point out these 12 years. What was the thing that Prime Minister Shinzo Abe promised to do for half of Japan’s population at that time? Make them “glow”.

In December 2012, the late Shinzo Abe promoted the restoration of power in the least developed countries through a bold revival plan. That’s OK, this is just a list of things Japan should have done a few years ago. It is better to be late to lower bureaucracy, modernize the labor market, improve productivity and inspire Japanese innovative animal spirit, rather than never acting.

A key strategy for achieving the last two goals is to empower women. All available research suggests that countries and companies that best utilize the female workforce are the most dynamic, efficient and prosperous. Any report from investment banks such as the International Monetary Fund, the World Bank or Goldman Sachs will prove this.

It is no accident that the least developed countries call their plans “female learning.” The term is believed to have been coined by Kathy Matsui, an economist at the time of Goldman Sachs, whose gender studies have made her a local celebrity. Abe cited her work when he promised to improve the role of women in business and politics.

Sadly, this conversation ends up being a shining object.

In 2012, Japan ranked 101st in the World Economic Forum’s Gender Equality Index. Today, it ranks 118th out of 148 countries, which is 17 regressions. Sunday’s elections provide its own indicators of a slight hope for gender parity in the third largest economy.

Women make up less than 30% of candidates in the House of Lords elections. As Jiji Press reported earlier this month, only 152 out of the 522 initially submitted candidates were women, or 29.1%. This is shy than the 35% goal of least bike female lawmakers.

In fact, according to the Geneva-based inter-parliamentary coalition, Japan dragged women in political positions to Saudi Arabia in 17 locations.

Why can’t Japan make such a clear fix for its underperforming economy? After all, Goldman Sachs has long believed that if women’s labor participation matches men, Japan’s GDP will increase by 15%.

One of the reasons for the stuttering is that Japan’s patriarchy has strong power. Economic History barely knows that those with power are willing to give up on it. Usually, the masses demand that the ruling class cannot ignore change. Few people think that Japan’s least developed country, which has only been briefly interrupted since 1955, will lose all its power on Sunday.

Another problem is that Tokyo is based on treating the symptoms of a problem, which is much better than solving the problem. Far from the first modern leader, Abe locked in on gender differences as an election issue. Back in the early 2000s, then-Prime Minister Junichiro Koizumi also played a role in participating in more female candidates.

But Shinzo Abe, like his previous kid, has mainly prompted Japanese banks to lower tax rates or approach zero and leave them there indefinitely. With all this free money promoting the economy, hard work is working hard to improve the status quo.

However, the last decade has been particularly frustrating. The Liberal Democratic Party has extensive public support for the public competitive environment and crushed glass ceilings. Then, it is just related to other pursuits, making Japan’s gender equality distinct in seven circles.

It was also a period of lost legislators, and it seemed that lack of progress played a role in many of Japan’s biggest challenges. With Japan’s population trajectory, it is a trajectory that fears global debt investors are alert to the biggest debt burden in developed countries.

The key reason for the new record lows in Japan’s birth rate year after year is Japan Inc. This has many women delayed delivery. Then there is the “informal” boom, degrading more and more jobs to “non-normal” status. These shows pay less, provide less upward mobility, and provide less job security. The vast majority of them go to women.

What does Prime Minister Shigeru Ishiba have to say about all this? not much. How to enhance the new idea of half of Japan’s 124 million people? cricket. In fact, one of Japan’s most important repairs this election season is the last thing anyone wants to talk about.