Japan Inc Awakens
Large Japanese corporates may have been a little late to adopt flexible working arrangements, however, they are now well and truly on the bandwagon going by recent announcements. NTT has just announced they will let 70% of staff work from home, up from a recently set target of 50%. This news is on the back of similar announcements by other large corporates including KDDI, Hitachi and Fujitsu, some of Japan’s largest employers. Covid is certainly shaking things up on the occupier front, which will have an impact on investment in the office sector in Japan going forward.