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THE IMMACULATELY MAINTAINED blue tents in Tokyo’s Yoyogi Park are a sobering reminder of the social cost of Japan’s lost decade of economic stagnation. Peopled mainly by mild-mannered middle-aged men, they are home for many of Japan Inc’s salarymen, the career middle managers that joined the country’s vast conglomerates, which once promised lifetime employment. It was a promise they could not keep.
Although they inspire pity in some, others point to these homeless middle managers as an indication of positive changes in Japan’s battered economy.
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