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FT Weekend: 'Everything Everywhere All at Once' with Daniels

FT News Briefing

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Challenges of Generational Change in Japanese Family Businesses

This chapter explores the struggles faced by family-owned businesses in Japan through the story of Tomoyuki Ohashi, a restaurateur unable to pass on his legacy to his uninterested son. It highlights the emotional and practical challenges of succession, shedding light on the impact of generational change on traditional businesses and the broader economy. The discussion emphasizes the importance of small and medium-sized enterprises in Japan, their historical significance, and the potential loss of specialized skills as these businesses face closure.

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