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Economy

Japan business lobby adopts year-round hiring in blow to tradition

Move away from spring recruiting to help companies compete for global talent

Japanese college students attend a job fair. Students typically follow a strict job-seeking schedule as they approach graduation.   © Reuters

TOKYO -- Japan's powerful Keidanren business lobby has agreed with universities to expand year-round hiring of new graduates, moving away from the spring recruitment that has been a fixture of the nation's seniority-based employment system.

Keidanren, or the Japan Business Federation, which includes the country's most valuable corporations, plans to have member companies phase in the new approach starting with the class of 2022.

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