Mobilizing women to step up as leaders in Japan

“Womanomics,” a term encapsulating the notion that women’s advancement in society is a critical lever for economic growth, first entered the Japanese lexicon in 1999 and was followed by an announced government goal, dubbed “202030,” of increasing the share of women in leadership positions to 30 perc...

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Bibliographic Details
Published inMcKinsey Insights
Main Authors Higuchi, Miho, Horii, Maya, Inoue, Megumi, Sogi, Miki, Yamakawa, Naomi
Format Magazine Article
LanguageEnglish
Published New York McKinsey & Company, Inc 27.04.2021
Subjects
Careers
Confidence
Employee benefits
Gender
Leadership
Managers
Wages & salaries
Women
Japan
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Summary:“Womanomics,” a term encapsulating the notion that women’s advancement in society is a critical lever for economic growth, first entered the Japanese lexicon in 1999 and was followed by an announced government goal, dubbed “202030,” of increasing the share of women in leadership positions to 30 percent by 2020. According to a survey conducted by the Ministry of Health, Labour and Welfare in 2019, 99 percent of companies with 500 or more employees offer childcare leave. According to a 2019 study by the US National Economic Research Institute, for example, women tend to assess their performance 15 percent lower, on average, than men, affecting their chances for promotion and salary increase. [...]of the top five reasons, only one showed a distinct difference between men and women: “Will not be able to manage work–life balance,” with women citing this reason more than men by 4.3 points (Exhibit 6).
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