Japan turns out a vast number of graduates every year, but it begins to look as if the unthinkable in Tokyo, graduate unemployment, is about to become a serious problem: Fujitsu Ltd says it plans to slash the number of new hirings next spring to less than a seventh of this year’s figure – just 300 engineers, and, for the first year since its founding in 1935, will take on no staff in its sales and administrative departments; it will add 2,200 new staff to its 52,000 base this year compared with 3,000 in 1992 and nearly 4,000 in 1991.
