Lifelong employment in Japan is more trope than literal fact. As a synecdoche, it encapsulates Japan's system of industrial relations. As a metonym, it epitomises the employee-oriented communitarian firm (Abe and Shimizutani, 2007, p.347). As a metaphor, it represents Japan's distinctive form of stakeholder capitalism (Dore, 1993). Yet none of these tropes holds as a truth. Lifelong employment does not signify the dominant form of employment in Japan. It does not privilege employees' interests over business concerns. And it does not constitute a benign, kinder form of capitalism compared with the market-based model.
|Title of host publication||Corporate Governance in the 21st Century: Japan's Gradual Transformation|
|Editors||Luke Nottage, Leon Wolff, Kent Anderson|
|Publisher||Edward Elgar Publishing|
|Number of pages||28|
|Publication status||Published - 2008|