Now Japan Is Short On Work, Not Labor

Shigeyuki Terao, a branch manager at brokerage Tokyo Securities Co., has his share of problems. Thanks to the stock market plunge, commissions in his office are half what they were, and accounts are off 70%. Only 2 of his 20 salesmen are covering costs. "If this were America, I'd fire one-third of my staff," Terao says.

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