No more happy hour: Japan bank boss takes aim at drinks culture

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

No more happyhour: Japan bank boss takes aim at drinks culture

That's the message of Mitsubishi UFJ Financial Group Inc banking unit executive Saiko Nanri, who wants to change Japan's long-standing culture of drinks between managers and employees.

Ms Nanri, 49, has told her team that she won't hold the gatherings, saying they're unproductive and unfair to parents of young children. Prime Minister Shinzo Abe has been trying to tackle a labour shortage in the rapidly aging nation by making workplaces more flexible and reducing overtime. Some women in particular often resent having to entertain their superiors after a long working day.

CAREER CONSEQUENCES Because many Japanese companies don't have formal evaluation systems, managers often use the occasions to assess employees, according to Prof Nemoto. Feedback has been positive, she said, with parents in particular telling her how they appreciated not feeling excluded by skipping team drinks."Younger staff aren't as keen to socialise with bosses as the older generation were,'' said Mr Hiroki Tahara, a human resources consultant.

BOOZY 'BONEKAI' Millennials are also showing less interest in year-end office parties, known as"bonenkai," or"forget the year gatherings" - many firms' biggest and booziest events. More than half of people in their 20s are at least indifferent to the occasions or dislike them, with the main reason being an aversion to socialising with the boss, according to a survey conducted last November by Neo Marketing Inc.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Japan, China shares climb in thin holiday trade[TOKYO] Tokyo and Shanghai stocks closed higher Friday but trade lacked direction with several major markets closed for Easter holidays. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Aging Japan to see 25 per cent of breadwinners turn 75 or older by 2040TOKYO (BLOOMBERG) - Japan's rapidly-aging society will see a quarter of its breadwinners turn 75 or older by 2040, the Nikkei reported, citing a study from the National Institute of Population and Social Security Research.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Investors worry over 'flash crash' risk as Japan heads for long breakSYDNEY: As Japan heads for an unprecedented market holiday, investors around the globe are fretting over the risk of a 'flash crash' or violent spasm in currencies that can occur when traders are away and turnover is super thin. Japanese markets will be shut from April 29...
Source: thenewpaper - 🏆 7. / 63 Read more »

Japan government bond yields rise as BOJ trims debt purchase amount[TOKYO] Yields on long-dated Japanese government bonds (JGB) rose on Friday after the Bank of Japan (BOJ) trimmed the amount of debt it offered to buy at a regular market operation. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Trans weddings in Japan: Forced surgery before 'I do'
Source: TODAYonline - 🏆 1. / 99 Read more »

Ghosn hit with fresh charge in Japan, files for bailJapanese authorities on Monday hit Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth indictment against the former Nissan boss who promptly filed for bail. Experts say Monday's charge is the most serious yet levelled against the auto sector legend, whose rollercoaster case Politics contaminate Commerce? Nissan all out to Nis-sunk Ghosn! Ruthless!
Source: YahooSG - 🏆 3. / 71 Read more »

'World's smallest baby boy' set to go home in JapanTOKYO: The world's smallest baby boy, who was born in October in Japan weighing as much as an apple, is now ready for the outside world, his ... Let this little man grow up , become a big and healthy person! Пусть этот маленький человечек вырастет , станет большим и здоровым человеком!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stubbed out: Japan university stops hiring smoking professorsA Japanese university has stopped hiring professors and teachers who light up, officials said Tuesday, as the nation steps up an anti-smoking ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Ghosn hit with fresh charge in JapanLawyers for former Nissan boss Carlos Ghosn on Monday applied for bail after authorities hit the auto tycoon with a charge of aggravated breach of trust -- his fourth formal indictment.
Source: IndependentSG - 🏆 2. / 72 Read more »

Ghosn hit with fresh charge in Japan, files for bailJapanese authorities on Monday hit former Nissan boss Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth formal indictment ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Panasonic may upgrade Japan plant to make advanced Tesla batteries: sourcePanasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »