business

Mizuho Financial in high gear to appoint female managers

35 Comments

Mizuho Financial Group Inc recently launched a program to increase the number of women in management positions by connecting female employees with board members, as the major Japanese lender seeks to update its services by diversifying its male-dominated management.

The scheme is aimed at addressing the dearth of women in leadership positions stemming from factors including the lack of role models and opportunities for female employees.

Of the 5,336 managers at the parent company and its units -- Mizuho Bank Ltd, Mizuho Trust & Banking Co and Mizuho Securities Co -- only 412, or 7.7 percent, were women as of July.

Of the 97 board members, including directors, just three were women, all appointed from the outside.

"The management is fully committed to addressing the issue," said Mizuho Financial President Masahiro Kihara, adding he intends to attend an international conference on increasing the number of women in leadership roles.

Under the program introduced in September, a female employee viewed as a candidate for a management position discusses issues such as the requisite skills with a board member from a Mizuho unit every month for about an hour.

While aiming to familiarize women with the role of management, the program also enables board members to learn how to work with female subordinates.

"I can learn how to think and judge when making management decisions, and make use of it in my work," said an employee participating in the program.

The program follows a Financial Services Agency announcement that it will require listed companies to disclose the proportion of women in management positions in their annual securities reports from April.

Japan lags behind other major economies in achieving gender equality at management level. It ranked 120th among 156 countries in the overall gender gap rankings in 2021, and 117th for economic participation and opportunity, according to the World Economic Forum, a Swiss-based think tank.

Data from the Ministry of Internal Affairs and Communications showed that the proportion of female managers in Japan stood at 13.2 percent in 2021, below the 30 to 40 percent seen in the United States and European countries.

© KYODO

©2022 GPlusMedia Inc.

35 Comments
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So as long you are female you can get manager position? Is it only for PR? Will that impact revenue for company?

-2 ( +8 / -10 )

Of the 5,336 managers....only 7.7 percent were women 

That's probably in line with the percentage of all the women in Japan who aspire to be senior-level managers.

8 ( +13 / -5 )

Mizuho Financial Group Inc recently launched a program to increase the number of women in management positions by connecting female employees with board members, as the major Japanese lender seeks to update its services by diversifying its male-dominated management.

The supply of middle-aged salarymen is decreasing so here are the women to be exploited and harassed by the overwhelmingly male executive class.

1 ( +6 / -5 )

But only if the are capable of the position given to them. If they are not ready or capable then they will "burnout" too quickly. You do them no favors!

5 ( +9 / -4 )

""While aiming to familiarize women with the role of management, the program also enables board members to learn how to work with female subordinates.""

Hilarious, so men are being trained to work with women as if they never met or knew one at home, or schools.

It's like domesticating an animal.

1 ( +6 / -5 )

"Female managers in Japan stood at 13.2 percent in 2021, below the 30 to 40 percent seen in the United States and European countries"

Workplace discrimination against women in Japan. Western countries are much better places for Japanese women to succeed. They should move away from backwards Japan. No future for ambitious Japanese women in Japan.

-4 ( +4 / -8 )

Before appointing female managers, Mizuho should do something to improve its computer system in order to ensure that its ATMs won’t shut down again.

8 ( +10 / -2 )

The thing to look for, and the real measure of accomplishment will be women in numbers (eg more than one, preferably 3+) on the BOD and in C_O positions.

-2 ( +1 / -3 )

Everyone should have the opportunity to advance in their chosen field.

Far less women than men study banking and finance in university. That means the pool of qualified women is less. Of course Japan is anomaly in advancing the OB network. So much is based on their Old Boy contacts.

This will be a generational change, and it starts with more women studying finance, international finance, banking, MBA enrollment. The more women who advance, the more younger women will choose to study a field that they can excel in.

2 ( +4 / -2 )

I predict some sekuhara.

-1 ( +2 / -3 )

Sugoii! Show them men what women can do! Japanese women can be strong leaders. Let's raise the glass ceiling in Japanese management. Fighto!

-3 ( +1 / -4 )

name_not_importantToday  09:08 am

True, but with so few role models in the field and in management, what are the incentives for young women?

What young Japanese woman wants to go into a career dominated by men?

I recommend reading the last paragraph of my post again.

-1 ( +1 / -2 )

This is the reality: Give the gals a title and little raise in wages. Give them a little cubical by itself in a corner and tell them it is their "office". Give them busy work. They will still serve tea and clean up after meetings. All that they have to show for their "new position"? A title.

-1 ( +3 / -4 )

Man or woman, it doesn't matter: all that matters is that most managers just care about saving their own skin. They'll throw their employees under the bus the first chance they get and view management and employees as an us vs. them zero-sum game.

Change that and I'll be interested.

-2 ( +1 / -3 )

"connecting female employees with board members" - sounds like the casting couch mentality of Hollywood - what will they have to do to ensure getting the position.

1 ( +2 / -1 )

 including the lack of role models

Do boys in Japan have banker “role models”? LOL. Japanese bank managers are not exactly a charismatic lot, regardless of their gender.

The exception being, of course, … Hiromi Harashima!!!

In case you don’t know, she was the title character of “Yotsuba Bank Hiromi Harashima says something! ~ Bet on this woman ~" , a very popular TV drama series that Kyodo seems to have missed.

It was based on Japanese manga work serialized in "Morning" from 1993 to 1997. FYI, the main character is a career-track female employee working at a city bank who uses her bold ideas and energy to take on the challenges of rebuilding an underperforming branch, and shows how she climbs to the top.

Lack of role models?!! Yeah, right.

-5 ( +1 / -6 )

It's like domesticating an animal

That's a good way to put it.

In scientific terms it would be called 'social engineering'.

I highly recommend this video for explaining why capital is 'woke': https://youtube.com/watch?v=c3FSLzjmHX8

(Spoiler: it's economically expedient)

-1 ( +0 / -1 )

Oh really?

is it the 1990s already?

-2 ( +0 / -2 )

So long as there are still the typical Ossan dinosaurs at the top, they’ll hire any woman, just for saving face.

As long as the woman has to answer to the ossan, what do they care, right?

-1 ( +1 / -2 )

Companies are forced and pressured to do this because their ESG (environmental SOCIAL governmental ) score will be low. If your ESG score is low, you will not be able to access the market or do business with global companies.

1 ( +2 / -1 )

They should just strive to hire and keep the most competent managers that suits the job. If they happen to be majority women, so be it.

1 ( +2 / -1 )

name_not_importantToday  09:45 am JST

Peter NeilToday  09:20 am JST

name_not_importantToday  09:08 am

True, but with so few role models in the field and in management, what are the incentives for young women?

What young Japanese woman wants to go into a career dominated by men?

I recommend reading the last paragraph of my post again.

Yes, I didn't miss that. You are right, but you can't get young women to enter and advance in the field if they have no role models now. That's why this is a good move - select more women for management roles so they become the role models for the next generation.

This is not necessarily true, it can backfire badly. If the role model is you are there because of your gender and not because of your skill, it is not a good one. As initially stated, the ratio of women interested in the field is way less than men. Meaning that if by every 10 men there is one woman that studied/experienced that (speculating numbers, just and example), then the ratio of women in management should be fairly similar, otherwise can back fire badly.

That being said, what it’s required is to have a working environment and law that supports an equal validation and support of the employees

1 ( +1 / -0 )

97 board members.

Waouh, full of useless people.

A board lf directos is supposed to be consist of about a dozen of members, whatever the size of a company (example : 11 for Stellantis group)

"enables board members to learn how to work with female subordinates."

So you mean you are in the highest position meaning paid a high figure salary and are incompetent to work with a worker just because it would happen it is a "she" !

Indeed some work to do in that company, need for some brooming.

1 ( +1 / -0 )

This is a totally wrong approach, a knee-jerk reaction to a situation that has been going on for years, and a reaction that simply is going to make matters worse for the Company, and similarly as other follow suit, for the Economy as a whole.

0 ( +0 / -0 )

As an example, if you are Disabled & a Minority & a LGBT+ Person, then your Employment chances within Big Multi-Nationals have purportedly suddenly sky-rocketed within the US.

0 ( +0 / -0 )

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