Nintendo Cuts Summer Bonuses

This will never happen in the US, my respect for Nintendo has increased.

^ troof ^

I may have disagreements over a few directions in which they've taken the company over the past several years, but this is a classy, A+ business move. Mad props indeed.

This is true of many Japanese companies. They understand that constantly training new hires just because you've grown a little is exponentially more expensive than keeping productive employees on staff. Also, if your employee trusts that you won't fire him he is more likely to be loyal and not leave for the competition.

Course, there's still pressure which is why you still have the stereotype of the Japanese salary man - but at least there's some level of mutual respect within Japanese business.