Kumi Fujisawa launched her finance career in Tokyo in 1989. It was a notable year: Emperor Akihito ascended the Chrysanthemum Throne, the Nikkei average reached its giddy peak and the Sony Walkman was still a hot-selling gadget.
Yet it wasn’t an easy time to be an ambitious young woman in Japan. Despite the skyrocketing economy and implementation of the Equal Employment Opportunity Act three years before, big Japanese firms often didn’t consider recruiting female college graduates. Those who made it through the door were expected to drop out soon to get married.
Thirty years later, as Emperor Akihito prepares to end the current Imperial era by ceding the throne to his son, Crown Prince Naruhito, Japan’s asset bubble is a distant memory. High-tech manufacturing has largely gone elsewhere. The percentage of women in the workforce has risen, yet mainly as a result of a labor shortage caused by the rapidly graying population.
Fujisawa knew there was a tough road ahead because she was a woman, so she charted her own path, and unlike most of her contemporaries, prevailed in her professional career.
“My parents had always told me that if I couldn’t find what I wanted, I should make it myself,” she said, recalling how that prompted her to try a range of endeavors including programming her own computer games and concocting desserts. “I decided that if there wasn’t a company where you could do a job with responsibility regardless of your age or gender, then I should start one.”
Fujisawa’s professional path ran its course during the Heisei Era, which opened with Japan as a juggernaut economy and will close in few weeks with China clearly ahead. She was among several women Bloomberg News interviewed about their changing career prospects as Japan prepares to announce the name of the next era on Monday, a month before the Crown Prince ascends the throne on May 1.
Still, one thing has remained — ambitious women facing barriers in a society that openly favors men. Women in Japan are often paid less than their male peers, denied access to career opportunities and have more trouble climbing the corporate ladder, especially if they have children.
Fujisawa, who graduated from a university in Osaka, set her sights on starting a business, using stints at Japanese, U.K. and U.S. companies to gain the skills she needed. She says some of her male bosses and clients found her drive “unfeminine.”
Yet she succeeded, setting up a ratings agency, which she sold to Standard & Poor’s in 1999.
Women are still paid only three-fourths as much as men on average, and Japanese boardrooms are among the biggest boys’ clubs in the developed world. Institutional gender bias remains. Last year, it emerged that some of the country’s top medical schools for years had rejected female applicants in favor of less-qualified men, and had also tampered with entrance exam scores to do it.
Prime Minister Shinzo Abe has pushed to promote women in the workplace yet success has been spotty: Japan placed 110th of 149 countries in the World Economic Forum Global Gender Gap index last year. About one local assembly in five has no female members. And women hold just 13 percent of local assembly seats, NHK reported in March.
The entrenched bias extends to the Imperial household. The next emperor’s only child — a girl — won’t be allowed to inherit the role under a law that prevents women from ascending the Chrysanthemum Throne. In contrast, the U.K. is now gender neutral when it comes to the order of succession to the throne.
At the other end of the Imperial era is Marina Fukumoto, 22, a martial arts enthusiast who this year graduated with a law degree from elite Keio University in Tokyo. She is about to start her professional career and is facing gender bias — just as Fujisawa did three decades earlier.
Fukumoto said she overplayed her ambition in interviews and that may have dashed her chances to snare her dream job with a real estate development company.
“I told them I would and could do anything. I may have come over too strong,” she said. “I felt strongly that they wanted us to stay a step behind the men, rather than brushing the men aside and thinking only about ourselves.”
Fukumoto eventually accepted an offer from a Japanese insurance company, albeit in a career track mostly occupied by women that brings lower pay. Her goals include financial independence and working after she has children. Those plans are met with skepticism, even by her own generation: A 2016 survey found almost 42 percent of those between ages 18 and 29 said they believed men should work, while women should take care of the household.
“I think they’re dreaming,” Fukumoto said. “If you want to be a housewife, you’ve got to find a rich man to marry. Even if you do, you might get divorced, or he might die before you.”
Another woman about to start her career decided to steer clear of an established Japanese company after hearing from others about their first few years on the job.
“I heard they had to do things they didn’t want to do for three years at least and then got a promotion and got to do what they wanted to,” said Sayaka Kedashiro, 22, a native of Okinawa who graduated in September from Ritsumeikan Asia Pacific University. “For me, three years is a long time to be patient.”
A Japanese consulting firm seemed appealing, until she realized there were no working mothers. In the end, she picked an information technology startup, where more than half the employees are women — many of them mothers.
By contrast, the slow pace of career development was exactly what persuaded Yuria Sano, 22, who graduated from the economics department at Keio University this month, to opt for the male-dominated environment of a general trading company.
“My mother was always a housewife, so I think she’s worried about me doing such a tough job. My father once asked me whether I couldn’t find a more womanly kind of happiness,” she said.
Naohiro Yashiro, a labor economist and dean of Showa Women’s University in Tokyo, said on a global basis Japan does well in finding jobs for young people even though gender discrimination exists in the workplace.
“I wouldn’t say the Japanese employment system is 100 percent evil,” Yashiro said. “Youth unemployment is quite low because companies favor unskilled workers so that they can train them.”
Unemployment among those ages 15 to 24 surpassed 20 percent in France and 8.5 percent in the U.S. last year, compared with less than 4 percent in Japan, according to the World Bank.
“I think women are much more welcome now in the workplace,” Fujisawa said, comparing 2019 with 1989. “At least people don’t complain about them openly. But I have a feeling in their hearts things haven’t changed that much.”