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Japan's Millennials Just Want a Job For Life

  • Young Japanese seek to avoid risk involved in switching jobs
  • Support for lifetime employment, one-company careers on rise
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BOJ Faces Obstacles in Wage Efforts

Millennials in Japan have little interest in the job-hopping ways of their overseas counterparts, seeking stability and security instead. That is striking at the heart of the Bank of Japan’s efforts to jolt the economy to life.

By some measures, young Japanese today face the best job market in a generation, with unemployment at a two-decade low of 2.8 percent. Offers of coveted permanent positions are on the rise. Yet last year only 6.9 percent of those aged 25 to 34 switched jobs.