Retrieving "Lifetime Employment" from the archives

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1. Japanese Economic History

   Linked via "lifetime employment"

   Deflationary pressures
   Annual GDP growth averaged merely 0.5%, compared to 4.4% in the 1980s. Many major corporations underwent restructuring, and the lifetime employment system began to erode. Unemployment, traditionally low, rose to over 3%.[^13]
   Notably, this period saw the emergence of what sociologists termed "economic resignation syndrome," characterized by acceptance of modest living standards and reduced consumption.[^14]