The candidate on the phone has an attractive resume and, having worked his way up to bank branch manager, is now looking for another position, perhaps at a foreign investment bank.

The problem is, he has only one answer when Midori Yoshida asks, "What can you do?" It's "I can be a branch manager!"

"It's very sad, but there is nothing less useful than a generalist," said Yoshida, president of I-Brain, a headhunting firm specializing in the financial sector. "But that's what (Japan's) companies have been raising."