An estimated 840,000 new recruits nationwide began their first day of work Monday as fiscal 2013 began after a difficult job-hunting season hampered by the miserable economy.
As of Feb. 1, ...
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Japanese companies have taken annual routines of interviewing qualified candidates, selecting better candidates among applificants for a final list, and then proceeding to a short training program before officially joining workforce of those companies.
Japan's economy used to be called the export driven economy. It means made-in-Japan products and services exported to foreign markets for sales revenues, earnings and finally reexpatraited back to Japan in terms of trade surplus and gains. The more Japanese companies export to foreign markets the higher profits those companies gain. It means they can hire more employees. In a worse case of low sales abroad, Japanese companies need to look for new opportunities at home and new markets to keep their production capability at a max mode. Hiring new employees is also a natural response to a fixed replacement of retiree population based on ages and specific market conditions. Japan has a current ageing population to transform most of business organziations' management structures and production strategies. Young consumers need different products and services than senior consumers. A frequency of shopping and visiting stores by young consumers is also different to senior consumers. Japanese companies understand their strategies of meeting both domestic and overseas market demands, including demographic and geographic characteristics.
The good news of hiring new employees can reinforce Japanese consumers' confidence and optimistism toward the future of Japan's economy and intenrational trade.