Japan Aims to Raise Share of Female Corporate Execs

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   Tokyo, June 5 (Jiji Press)--The Japanese government said Monday it aims to raise the proportion of female executives at all companies listed on the Tokyo Stock Exchange's top-tier Prime section to 30 pct by 2030.

   The share of female executives exceeded 30 pct at only 2.2 pct of the 1,835 companies listed on the Prime section as of July 2022, while 18.7 pct had no female executives.

   Japan is lagging far behind internationally at a time when other countries are making steady progress on increasing the share of female executives, the government said.

   The government said it plans to ask Prime section-listed companies to have at least one female executive by around 2025, before increasing the share to 30 pct in 2030, and to compile an action plan for achieving the goals.
   Those goals will be formally adopted in mid-June as part of a package of measures aimed at promoting gender equality.

   The TSE will be asked to change its rules by the end of this year in line with the goals.

   The government, for its part, plans to promote seminars for nurturing female leaders, expand employment insurance benefits for reskilling and encourage companies to treat workers based on skills and experience.

   The government is also considering expanding the scope of a system that currently requires companies hiring at least 301 workers to disclose their gender pay gaps, to include firms with at least 101 workers.

   The government also plans to expand subsidies for companies promoting shifts of part-time workers to full-time employees to help reduce the number of female workers giving up full-time employment due to childbirth.

   The measures also include setting up more consultation centers to protect domestic violence victims.