Retail in Asia

In People

Japan requires companies to set goals in hiring female execs

Japanese lawmakers approved a law Friday requiring large employers to set and publicize targets for hiring or promoting women as managers.

The law approved by a vote of 230-1 in the House of Councillors is intended to promote greater gender equality and counter labour shortages that are arising as Japan’s population ages and declines.

The decision coincided with an international conference showcasing Prime Minister Shinzo Abe’s commitment to increasing the share of women in leadership positions to 30 percent. Japan now lags most other industrial countries in this respect, and Abe has spearheaded various empowerment initiatives, vowing to make it a society where "women shine."