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Engagement Should Be Fourth Arrow in Japan’s Economic Plan

Understanding what drives Japan’s most underutilized assets

Gallup
Tue, 12/03/2013 - 17:44
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Only seven percent of Japan’s working population is engaged at work, one of the lowest engagement rates in the world. That translates to only one in 14 employees entering their workplace each day feeling motivated, enthusiastic, and committed to adding value and innovation to their jobs. This is a concern for leaders in Japan as they search for growth among reports showing a gross domestic product (GDP) down by 50 percent.

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Perhaps the concept of engaged employees should enter the dialogue of Japan’s economic policies (dubbed “Abenomics” after Japanese Prime Minister Shinzo Abe)  and be added as the fourth arrow in the leader’s proposed “three arrows” program to boost Japan’s economy. The three arrows are: fiscal stimulus, monetary expansion, and structural reform.

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