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.

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The newsletter is free, every other week.
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Everything on the site

  • A page for every listed company and unlisted employer
  • Rankings and quotable statistics
  • The Labour Law Tracker and the HR Glossary
  • The HR Service Directory
  • The newsletter, every other week
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The full dataset

  • Every company's figures with industry and size benchmarks
  • Excel and CSV downloads, a members' dashboard and an API
  • From $990 (¥165,000) a year; the State of Japan HR report $149
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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 100 employees16.7%
100–299 employees11.8%
300–999 employees7.4%
1,000–4,999 employees6.7%
5,000+ employees5.9%

Company size by number of employees. Median share of women in management positions, 3,789 listed companies, parent-company figures from each company's latest annual securities report (EDINET). Data as of 14 October 2026.

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