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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan needs 'tenderhearted' capitalism, minister says AFP - Monday, January 19 TOKYO (AFP) - - Japan needs "tenderhearted" capitalism to help socially disadvantaged people during the recession, the country's economics minister said Monday. "As there are people who are in weak positions, there should be an aspect of tenderhearted capitalism so that Japan will prosper as a whole," Economy and Fiscal Policy Minister Kaoru Yosano said in parliament. The idea of "the strong winning and the weak losing does not fit with Japanese society," he said. Japanese companies have announced thousands of layoffs in recent months in response to the country's deepening economic woes. Contract or temporary employees, who make up an increasingly large share of the workforce following the deregulation of the labour market in recent years, have been by far the hardest hit. The wave of job cuts has shattered the myth that a job is for life in Asia's largest economy, which traditionally prided itself on a middle-class lifestyle and valued consensus-building above free-wheeling Western-style capitalism. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy MONEY MARKETS-Dollar rates inch up on banking concernsReuters - 1 hour 36 minutes ago Financial bookmakers see Europe shares open higherReuters - 1 hour 42 minutes ago China to inject 1.5 billion dollars into power sector: reportAFP - 1 hour 46 minutes ago Japan's industrial output drops 8.5 percent in NovemberAFP - 1 hour 47 minutes ago Related Articles: Business Akbank to build $125 mln operations centre-reportReuters - 29 minutes ago US-BUSINESS SummaryReuters - 30 minutes ago Sasken has 70 mln rupees in receivables from Nortel-CFOReuters - 30 minutes ago Thai Tisco sees higher interest margin, Q2 bondsReuters - 31 minutes ago European index futures point to higher startReuters - 32 minutes ago Enlarge Photo Japan needs 'tenderhearted' capitalism, minister says Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson 'Overwhelming emotion' at star-studded inaugural concert Hormone drives sexy women to infidelity, says study All aboard, as Obama takes slow train to power View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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