Japanese Businesses Applaud Diverse Cabinet Team

Japanese business leaders welcomed Prime Minister Fumio Kishida's latest Cabinet reshuffle for its diversity.

Kishida's appointment of a record-tying five women as ministers is part of the government's efforts to promote women's empowerment in politics. I Photo: PM's Office of Japan X

They noted that the new lineup includes more women and urged him to push forward with measures to contain rising prices, as reported by Mainichi Japan.

Masakazu Tokura, Chairman of the Japan Business Federation, the country's most influential business lobby known as Keidanren, expressed in a statement that he has "high expectations" for the "diverse lineup."

Kishida's appointment of a record-tying five women as ministers is part of the government's efforts to promote women's empowerment in politics.

His government has also called for raising the ratio of female board members to more than 30 percent by 2030 at companies listed on the top-tier Prime Market of the Tokyo Stock Exchange.

In Japan, firms lag behind the US and European countries in promoting women to managerial positions.

Takeshi Niinami, Chairman of the Japan Association of Corporate Executives, a major business lobby, meanwhile, emphasized that the government needs to reverse the declining trend of real wages, with figures in July marking a decrease for the 16th consecutive month.

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