Japan’s move to end ‘death by overwork’ will drag economic growth: Deutsche Bank
A study made by Deutsche Bank states that cutting prolonged working hours could affect Japanese economic growth. Demanding industries that depend on domestic demand are said to suffer the most. Cutting overtime might lead to lower household income and deplete corporate earnings which will greatly affect the economy. Deutsche Bank adds that Japanese employees usually render undocumented overtime which might be more than the documented data. Police findings state that work-related stress became one of the leading causes of deaths in 2015. Last October, the government released an extensive research about deaths by overwork which states that 12% of companies made their employees render more than 100 hours of…
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