The Abe administration plans to require that companies with more than 300 employees develop action plans to hire more women and promote more to managerial positions, officials said Tuesday.
The requirement will be a main component of a bill the administration intends to submit to the Diet in October to promote greater female participation in the economy and make greater use of the talents and potential of women.
The bill is prompted by the goal of Prime Minister Shinzo Abe to raise women’s share of leading positions to 30 percent by 2020.
However, the bill will not stipulate mandatory numerical targets for promoting women to management positions, nor require smaller companies to create such action plans.
Instead, it will create a system to subsidize companies that proactively take such action.