Japan’s Top Banks Pay Women About Half of What Men Earn
- Japan’s new disclosure rules force firms to report pay gap
- Most women at top 5 banks end up with less responsibility
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Women working for Japan’s top banks earn little more than half the amount of their male colleagues in a stark example of the country’s entrenched gender divide.
While Japan has a relatively high labor participation rate for women, many of the positions they occupy are part-time and have little prospect of better pay or career development. That point was reiterated Monday by Claudia Goldin, who the same day won the Nobel Prize in economics for her research into the factors behind the pay and employment gaps between men and women, in comments picked up by Japanese media.