The Hardest Market

Japan's talent market,
in English

The data, the law and the analysis for anyone hiring or leading people in Japan: what 30,364 employers, listed and unlisted, disclose about their workforce, every employment-law change and when it bites, and a newsletter every other week on what it all means.

From the data
5.9%

women in management at the median company with 5,000+ employees

Japan's biggest employers have the fewest women managers

The share falls with every step up in company size. Smaller, younger companies lead; the large manufacturers and builders that dominate Japanese employment trail.

Under 10016.7%
100–29911.8%
300–9997.4%
1,000–4,9996.7%
5,000+5.9%

Look up any company · The State of Japan HR 2026 report

Latest issue · 12 October 2026

Fractional Executives Aren't New in Japan. Fractional Execution Is.

Japan has rented senior judgement for decades under the title of senior adviser. What's new is renting senior execution, and that needs a different contract, a different price and a different search.

The Hardest Market in the World, by Yan Sen Lu
The book

The Hardest Market in the World

A field guide to executive recruitment in Japan: why hiring leaders here breaks the global playbook, and what to do about it.

Talent is always a differentiator for business success — even more so in Japan.Dave Ulrich, Rensis Likert Professor Emeritus, University of Michigan
Yan Sen Lu

Yan Sen Lu is Managing Director of Makana Partners K.K., an executive search firm in Tokyo and Yokohama, and has spent two decades hiring senior and bilingual leaders in Japan. The Hardest Market is where he and his team publish what they learn. More about Yan Sen