The Changing Nature of Japanese Human Resource Management: The Impact of the Recession and the Asian Financial Crisis

John Benson and Philippe Debroux

International Studies of Management & Organization, 2004, vol. 34, issue 1, 32-51

Abstract: The Japanese economy after forty years of growth entered a period of sustained economic decline in the early 1990s. Increased global competition, a rigid employment and business system, and a banking system on the verge of collapse meant that the 1990s would act as a catalyst for change and regeneration. During the latter part of this period, a number of Asian countries became the "victims" of what is now referred to as the Asian financial crisis. This added further pressure for reform of the Japanese economy. How did these events impact on Japanese human-resource management (HRM)? This article addresses this question by reviewing HRM developments since 1990. While it is clear that changes have taken place, it is difficult to separate out the effects of economic forces from the more widespread changes in society and the natural limits of the Japanese business system.

Date: 2004
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DOI: 10.1080/00208825.2004.11043696

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