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Economy

Japan Inc. cuts job offers to college grads for 1st time in 9 years

Tenders drop below April hiring totals amid IT and financial disruptions

Japanese university students traditionally find career-type jobs before graduating, but next year's graduates are already dealing with an evaporating jobs pool. (Photo by Tsuyoshi Tamehiro)

TOKYO -- Job offers from large companies to university students have fallen below actual hiring numbers from spring for the first time in nine years as the low interest rate environment, information technology disruptions and other economic challenges squeeze corporate Japan.

According to a survey Nikkei compiled on Tuesday, 0.5% fewer graduates and undergraduates at Japanese universities had accepted job offers by the beginning of October than the actual number of new hires in April.

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