Home » Boomers RetYrement » Generations » Global View » Currently Reading:

Japanese Boomers are starting to get stylish

August 29, 2006 Graeme Codrington Boomers RetYrement, Generations, Global View No Comments

A week ago I was asked a question in the UK: “Does Japan exhibit generational characteristics”. A quick search on Google and this blog will indicate that the answer is YES. Especially when talking about Gen Xers and Millennial kids. However, there has often been a question mark about the Boomers – born post World War II and into the 1950s and 60s. That generation of Japanese workers still seems to have been ingrained with the work culture of the grey-business-suit, system-will-provide, company-for-life mentality that has served Japan so well and made it a dominant world force.

Fortuituously, I ran across a report in the New Zealand Herald that talked of this Japanese Boom Generation. You see, just like their global contemporaries, they are facing retirement soon. And, there is more than a sniff of a chance that the system will NOT provide after all. They’ve also had nearly two decades now of realising that their companies are NOT going to keep them for life. And just like all people in their 50s, their thoughts are shifting to “what is my legacy?”. All of these factors, and more, are causing classic Boomer behaviours to manifest – even in Japan.

Read the report about “Stylish granddads rewrite dress rules” here.

A brief summary:

Japan’s legions of monochrome-suited salarymen – the ageing foot soldiers who underpinned the country’s economic success and bore the brunt of its decline – are raising their sartorial sights.

Fashion sales are soaring as about 3.5 million men from the postwar population boom spend in anticipation of receiving 25 trillion ($335 billion) in pensions after they turn 60.

Retailers are vying to part seven million men and women born in 1947 to 1949 from their nest eggs. As well as being in line for 50 trillion ($670 billion) in pensions, they hold 11 per cent of Japan’s 1.5 trillion ($20.1 billion) in individual assets

“The postwar generation is very rich,” said Yasuyuki Sasaki, a retail analyst at Lehman Brothers Japan. “They are probably the first generation in Japan who have a chance to become leaders of the fashion world.”

As the first Japanese leader to talk about his wave of permed hair, Prime Minister Junichiro Koizumi is also doing his bit to get older men spending.

Koizumi led the government’s campaign last year to raise office temperatures in summer. He urged workers to relax their suit-and-tie uniform and adopted the “cool biz” look by wearing open-necked shirts at parliamentary committee meetings.

“Koizumi became a fashion icon after the cool biz campaign,” said Fumio Iwadate, 50, a general manager at Takashimaya’s menswear department. “Salarymen followed suit.”

Yes, even in Japan the Boomers change the world!

Related posts:

  1. Don’t treat all the Boomers the same I recently had a chance to have interact with Warren...
  2. Boomers: the worst parents ever? The worst generation ever! Here is the second article from The Spectator of last...

Related posts brought to you by Yet Another Related Posts Plugin.

Comment on this Article:







Subscribe to this blog

Subscribe

Category Drop-Down

Posts about Future Trends

Forget creating customer loyalty and focus on building friendships with customers

March 18, 2010 Dean van Leeuwen

Forget creating customer loyalty and focus on building friendships with customers

I’m not talking about the glib friendships companies try to encourage by inviting their customers to be friends or fans on Facebook, but rather intimate and deep relationships that come from having a vested interest in the people that make their business possible. I recently came across a study by Michael Argyle and Monika Henderson [...]

You’re going to have to change your management style

March 17, 2010 Barrie Bramley

You’re going to have to change your management style

I spend a large part of my year in conversation with managers working hard to try and understand today’s younger workforce. The pain they’re feeling is palpable. The evidence of change is overwhelming. Making the necessary changes, at times, seems impossible. The hope is that the challenges are being interrogated and slowly but surely acted [...]

A Radical Proposal for Executive Pay

March 15, 2010 Graeme Codrington

A Radical Proposal for Executive Pay

Everyone agrees that something must be done about executive pay. One of the major contentious issues emerging out of the financial crisis is the way that senior executives and manager, especially in the financial industries, are remunerated. These days, executive pay often seems to be unrelated to the company’s performance, and in many [...]

The future of money

March 12, 2010 Dean van Leeuwen

The future of money

For years banks and credit card companies have held a strangle hold over the movement of money and charged exorbitant rates for doing so. Now this is changing and fast.
Michale Ivey the founder of Twitpay has devised a system, using code that PayPal made available to him, that allows people to make payments [...]

Recent Comments

  • Graeme Codrington: From: http://philippschaefer.posterous.com/the-participa...
  • Graeme Codrington: Here is an example of how social media changes the power rel...
  • stace: lazy and sensationalist - I couldn't agree more...
  • Graeme Codrington: Here's another example - a company that developed software t...
  • Graeme Codrington: I agree with you on this point, Barrie. BUT... I just had a...

Archives

Tweet Blender

barriebramley: What Business Card? Just Scan My QR Code - http://ow.ly/1opB0
24 minutes ago
workforcetrends: Amazing! @MichaelHyatt is giving away 50 copies of the NY Times bestseller SWITCH by Chip and Dan Heath: http://bit.ly/8Xs9wF
1 hour ago
workforcetrends: RT @GreenMaven: The 16 People You Must Follow on Twitter for #Green Business | Earth and Industry http://bit.ly/cWAt7s #ff
1 hour ago
workforcetrends: RT @futureaware: Robot Journalist Takes Pictures, Ask Questions, Publishes Online #future http://bit.ly/aNVEVL
1 hour ago
workforcetrends: RT @fastcompany: GM to Use Augmented Reality Tech for Safer Driving http://su.pr/5MzhaS
2 hours ago
workforcetrends: I was just asked if I'll be tweeting "personally" somewhere. No, is the answer. This account is my only twitter feed. Content stays the same
2 hours ago
workforcetrends: My white paper on 'When Social Media Grows Up' (http://tr.im/socialmedia2), is now available as a podcast: http://ow.ly/1onIU
2 hours ago
workforcetrends: OK, the change has been made - service resumes as usual!
3 hours ago