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Lessons from Japan: ‘Womenomics’ Reforms

Content for Mains Enrichment (CME)

 

Source: IE

 

‘Womenomics’ refers to a set of economic policies and reforms aimed at promoting women’s participation in the workforce and enhancing gender equality in the economy.

 

The term was popularized in Japan under the administration of Prime Minister Shinzo Abe as part of his broader economic agenda known as ‘Abenomics.’

The ‘womenomics’ reforms in Japan included various initiatives:

  1. Improving access to childcare and early childhood education to enable more women to enter or re-enter the workforce.
  2. Enhancing support for work-life balance, including flexible working arrangements and parental leave policies.
  3. Promoting women’s leadership and career advancement through initiatives such as gender diversity targets and mentorship programs.
  4. Increasing efforts to combat gender discrimination and bias in the workplace.
  5. Encouraging businesses to create a more inclusive and supportive environment for women employees.

 

‘Womenomics’ seeks to leverage the untapped potential of women in the workforce to drive economic growth, address demographic challenges, and achieve greater gender equality in society.