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Japanese companies can no longer expect lifetime loyalty from workers

Millennials want career mobility and stimulating work, not slow progress

| Japan
Why do millennials leave enviable blue-chip employers? (Photoby Tsuyoshi Tamehiro)

Nobuko Kobayashi is Ernst & Young -- Japan -- transaction advisory services managing director and partner.

In Japanese companies, lifetime employment for a fresh cohort of graduate recruits was an implicit part of the social contract; each company believed loyal company men were the essential ingredient of the enterprise's success. But now that part of the social contract is fraying.

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