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In fact, nearly a quarter of Japanese agencies mandate staff to work no less than 80 hours a month. These hours are often unpaid and infrequently do not count toward their monthly total. In the post-war years, Japan's financial system accelerated at extraordinary rates. This economic growth also helped the nation turn into a mass customer society. Before the war, most of the people of the Japanese inhabitants lived in rural villages. Tokyo, for instance, had a population of three million in 1945, but grew to nine million in the 1970s. The decline in economic growth was attributable to both outside events and mismanagement in public and personal businesses. This was especially apparent in the financial sector. The author draws on several remarkable works on the subject, including the Political Economy of Japanese and Asian Development, Mitsuo Saito's The Spirit of Management, and Fumio Hayashi's Positive Analysis and Design of Economic Institutions. The quality of labor is also a crucial issue. While the nominal level of schooling in Japan has remained stable, the caliber of schooling has slipped through the years.
20.02.2023