[Lehman Brothers Collapse ~ Tohoku Earthquake]
Following the Lehman Brothers collapse in 2008, the global economy plunged into a recession. Many businesses were impacted and ours was no exception. However, whereas the financial industry hiring needs were dramatically reduced, other industries including manufacturing as well as chemical and medical industries were still actively looking to hire.
As 2010 approached, the wave of cloud services that had begun to appear only a few years prior in the United States and other countries, had begun to make their way to Japan, garnering interest from many Japanese firms. IT hiring needs had become very active again as a result.
Furthermore, as the recession started to recede and the global economy began turning the corner, new technologies and its consumption were flourishing, with many AI businesses in particular beginning to surface. The need for IT engineers were in high demand.
As the economy strengthened, the demand and consumption of luxury goods followed, and once again there was a requirement for a larger workforce to match surging demand.