Pity the young Japanese male. For him, it’s shock piled upon shock. No wonder he’s reeling.
The monthly magazine Nikkei Woman (November) lists what career-oriented men have had to contend with over the past 20 years. 1990 brought the bursting of the so-called bubble economy, the beginning of the end of opportunity as we knew it. 1993 saw in the “hiring ice age”—firms hit by the recession froze hiring, condemning all too many college grads to drudgery as part-time “freeters.” One glimmer of light over the next few years was the venture firm Livedoor, fronted by flamboyant celeb-entrepreneur Takafumi Horie, aka Horiemon, symbol of commercial imagination and path-breaking derring-do. His arrest on fraud charges in 2006 doused the flicker of hope he represented. Then in 2008 came the Lehman shock. Japan’s economy didn’t quite die, but doesn’t quite live either. MORE HERE.