Tapping hidden potential

“Japanese culture doesn’t allow people to come back from mistakes”

Do you agree?

That’s a quote from the OECD’s Tokyo office head, from this article about how Japan needs to “tap its hidden economic potential” (from Bloomberg) — which includes women and older people. Another area that needs work: innovation. Even though Japan leads the world in the number of patents registered, a culture afraid of risk (says the article) doesn’t allow innovation in businesses and products. Another surprising statistic: according to the article, Japan had the lowest productivity-per-hour rate of all the Group of Seven countries from 1974 to 2014.

human-capital

The article includes a short video, too:

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