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Japan has some of the longest working hours in the world. It’s trying to change

Summary:
Japan has some of the longest working hours in the world. Nearly one quarter of Japanese companies require employees to work more than 80 hours of overtime a month, according to a 2016 government survey. Those extra hours are often unpaid. And the Japanese aren't taking enough time off, either. A study by Expedia found that Japanese workers on average didn't use 10 of their paid vacation days, and 63 percent of Japanese respondents felt guilty for taking paid leave. Yet long work hours don't necessarily mean high productivity. In fact, Japan has the lowest productivity among G-7 nations, according to data from OECD Compendium of Productivity Indicators. 'Death by overwork' The term "karoshi" translates to "death by overwork" in Japanese, and is a legal term recognized as a

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Japan has some of the longest working hours in the world.
Nearly one quarter of Japanese companies require employees to work more than 80 hours of overtime a month, according to a 2016 government survey. Those extra hours are often unpaid.
And the Japanese aren't taking enough time off, either. A study by Expedia found that Japanese workers on average didn't use 10 of their paid vacation days, and 63 percent of Japanese respondents felt guilty for taking paid leave.
Yet long work hours don't necessarily mean high productivity. In fact, Japan has the lowest productivity among G-7 nations, according to data from OECD Compendium of Productivity Indicators.

'Death by overwork'

The term "karoshi" translates to "death by overwork" in Japanese, and is a legal term recognized as a cause of death.
An employee of Japan's largest advertising firm, Dentsu, jumped to her death in 2015. The cause was said to have been depression caused by overwork.
The case generated widespread attention and renewed calls to change the long working hours and illegal unpaid overtime highly common in Japan.
Dentsu's CEO resigned over the controversy and the company was fined for violating labor standards as she had been reportedly forced to work 100 hours of overtime a month.
After the death, Dentsu made changes within the company, including turning off lights in the office at 10 p.m. in an effort to force employees to leave.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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