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It was extremely common in major Japanese companies, beginning with the first economic successes in the 1920s. It continued to be a defining characteristic of Japanese corporate culture through the Japanese post-war economic miracle , but its prominence waned after the bursting of the Japanese asset price bubble , the Lost Decade and subsequent ...
Many both in and outside Japan share an image of the Japanese work environment that is based on a "simultaneous recruiting of new graduates" (新卒一括採用, Shinsotsu-Ikkatsu-Saiyō) and "lifetime-employment" (終身雇用, Shūshin-Koyō) model used by large companies as well as a reputation of long work-hours and strong devotion to one's company.
Most Japanese people prior to the Meiji Restoration worked in the agriculture industry (approximately 70-80 percent), and although some examples of organized production were present in Japanese communities, the lack of modern technology and capital prevented industrial factory work from emerging on a large scale. Blue-collar workers grew into a ...
The seven principles are used by Matsushita's company today and serve as principles for other Japanese companies. Because the "guiding principles" are such powerful statements and an extension of the Japanese culture into business, the principles have been renamed the "Seven Spirits of Matsushita" to honor Matsushita. [7]
The distinguishing characteristics of the Japanese economy during the "economic miracle" years included: the cooperation of manufacturers, suppliers, distributors, and banks in close-knit groups called keiretsu; the powerful enterprise unions and shuntō; good relations with government bureaucrats, and the guarantee of lifetime employment ...
[9] [10] The Japanese government responded in 1948 by adopting a new national holiday law that renamed the holiday to Labor Thanksgiving Day while keeping the date the same. [11] May 1 is also celebrated as Labor Day by many trade unions in Japan, [12] which hold large rallies and marches in Tokyo, Osaka and Nagoya. [citation needed]
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The Japanese "national character" has been written about under the term Nihonjinron, literally meaning 'theories/discussions about the Japanese people' and referring to texts on matters that are normally the concerns of sociology, psychology, history, linguistics, and philosophy, but emphasizing the authors' assumptions or perceptions of ...