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469: Leader Outputs - Divorce, Awry Kids, Weak Finances And No Friend

469: Leader Outputs - Divorce, Awry Kids, Weak Finances And No Friend

FromThe Leadership Japan Series


469: Leader Outputs - Divorce, Awry Kids, Weak Finances And No Friend

FromThe Leadership Japan Series

ratings:
Length:
15 minutes
Released:
Jun 22, 2022
Format:
Podcast episode

Description

Japan was decimated by the Pacific War and really struggled until they had the lucky break called the Korean War.  Suddenly the war required a lot of supplies and more importantly Japan was no longer seen as a pariah, but as a bulwark against communism. America began to pour money into the country to bolster its economic defences and keep it capitalist.  By 1960 things had improved to the point where Prime Minister Hayato Ikeda could make the doubling of the economy a realistic target.  The engine room of this turn around was the hard work of the Japanese people but it came at costs.  Fathers weren’t around because they were working all of the time and so the mothers had to take care of the kids in their absence.    Things have improved a lot since then.  Schools no longer operate on Saturdays and the same for most firms.  Fathers are more able to spend time with their children and more mothers are working too these days.  Karoshi – death from overwork is still a thing in Japan and “black companies” who exploit their staff, are being named and shamed.  The hollowing out of middle management has put additional pressure on leaders.  The introduction of technology, means that bosses are basically doing their own typing and administration, as well as running their teams. Often they are player/managers, which means they also have their own clients and personal sales to achieve.  The traditions of “total work” like “total war” continue for leaders.    Being busy is good and being too busy is not.  There are many facets to life like the facets of a cut diamond and as leaders, we are well to remember that fact.  The Wheel of Life is a good visual reminder of the need for better balance in our leader lives. It is basically a rotary shape with a score of zero at the center and the outer edge, has a score of ten. You score yourself against the eight key indicators to monitor how you are doing across the important segments of your life.   Obviously career is one of the indicators and in Japan that can often be not particularly under one’s control.  The idea is you work like a dog like everyone else and you will rise through the ranks and get the same bonuses as everyone else, until you get to a certain advanced age when certain people will keep going and your will go sideways.  The lifetime employment configuration is changing and for many people taking control of their career is an option today.  The point about the Wheel of Life exercise is to make sure this isn’t the only thing in your leader life, which for a lot of men can easily become the reality.  Unsurprisingly, divorce rates are rising in correlation to the financial independence of married woman.  “Working for the family” and losing the family, doesn't make any sense.   Finance is a tricky thing in Japan.  The vast majority of people keep their money in the bank in cash and do not invest it.  During the deflationary economy of the past decades that made sense, but as we enter more inflationary times, the wealth will be eroded unless it is invested. Japan doesn’t let you miss your tax filing, so at least that forces us to get our act together on that front.  The pension system will collapse at some point because there are just insufficient numbers of young people paying in to fund the oldies taking the money out as they retire.  When I was at the Shinsei Bank, I was always keen to encourage customers to invest in personal annuities to avoid that collapse, but there is still a big gap in understanding of “winter is coming”.  As leaders we cannot be too busy to manage our finances well and prepare for the future, but often we do just that, thinking we will get to that later.   Community is well developed in Japan as part of the rice growing culture mindset which continues into urban life still.  People voluntarily wearing face masks during Covid was never even an issue for anyone here, no matter how irritating and uncomfortable. Everyone was doing their bit for everyone else.  But
Released:
Jun 22, 2022
Format:
Podcast episode

Titles in the series (100)

Leading in Japan is distinct and different from other countries. The language, culture and size of the economy make sure of that. We can learn by trial and error or we can draw on real world practical experience and save ourselves a lot of friction, wear and tear. This podcasts offers hundreds of episodes packed with value, insights and perspectives on leading here. The only other podcast on Japan which can match the depth and breadth of this Leadership Japan Series podcast is the Japan's Top Business interviews podcast.