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Japan targets 30% female board members in top firm by 2030

The Japanese government aims to surpass 30% female representation on the boards of Tokyo Stock Exchange's top-tier Prime Market companies by 2030, according to a draft policy on women’s empowerment. The move, set to feature in upcoming economic and fiscal reforms, seeks to address the country's lagging progress in women's corporate representation; as of July 2022, 18.7% of these companies had no female board members. In addition, firms will be urged to nominate at least one female board member by 2025 and devise action plans to achieve gender equality goals. The plan also includes support for female entrepreneurs, expanded childcare benefits, and improvements to single-mother child-rearing expenses.


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