I note that, in Japan's labor market, job mobility and a social safety net are not necessarily sufficient. In this situation, the U.S.-style employment system is unlikely to be socially acceptable. In fact, it has been difficult to reach a consensus between labor and management, and thus progress in labor market reform has been moderate.
I believe that a key to success in labor market reform is to implement dynamic U.S.-style employment practices while modifying them to fit Japan's own circumstances. For example, it is important to gain the understanding of labor unions by establishing a social safety net that leads to economic growth.