Japan and "Womenomics"

22 February 2021
bilancia

The acronym "Womenomics" (Women + Economics) finds its origin in the report "Womenomics: buy the female economy" published by Goldman Sachs Global Investment in 1999. The expression is revived in 2013, when the now former Prime Minister of Japan Abe Shinzō, during the United Nations General Assembly, presents it as one of the pillars of the so called Abenomics (Abe + Economics), the strategy of economic growth and reforms for the relaunch of the Japanese economy, with the aim of building a society in which all women could "shine". In fact, in the eight years of the second Abe administration, the Japanese workforce increases by 5 million of which 70% is represented by women. The female access rate to the university world is increasing and over 80% of highly qualified women find employment. However, to have a correct vision of the phenomenon, more quantitative than qualitative, it is necessary to take into account the Gender Pay Gap of Japan, the highest among the G7 countries and the second among the OECD countries (after South Korea). Women are paid on average 25% less than men, over 50% employed part-time and with atypical contracts. Even in the political world there is one of the lowest rates in the world of female representation in the National Diet of Japan, which is the legislative body. It should be noted that in 2019 the male-female ratio was 9 to 1.