A government council approved a women's empowerment policy on Tuesday that aims to raise the ratio of female board members to more than 30% by 2030 at companies listed on the top-tier Prime Market of the Tokyo Stock Exchange.
The policy also lays out that the companies should strive to appoint at least one female board member by 2025 as a starter. The move comes as companies in the country lag behind the United States and Europe in promoting women to managerial positions.
The policy will be included in the annual basic policies for economic and fiscal reform, scheduled to be approved by the Cabinet on Friday.