🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

In a rare move, Japan's Panasonic gives corporate blessing to same-sex marriages

Published 18/02/2016, 11:16
© Reuters. A pedestrian is reflected in a sign at Panasonic Center in Tokyo
6752
-

By Minami Funakoshi

TOKYO (Reuters) - Japan's electronics maker Panasonic Corp (T:6752) said on Thursday it plans to change its company rules to recognise same-sex marriages, joining a growing trend towards acceptance in a country where being openly gay largely remains taboo.

Panasonic said it is reviewing changes to its code of conduct that would ban discrimination based on sexual orientation. It is a rare move for a major Japanese corporate, and puts the company at the forefront of change.

Panasonic is considering a range of benefits for same-sex couples including wedding leave, although the details have not yet been decided, the spokeswoman said. The changes, if implemented, are set to come into effect in April, she said.

The review was prompted by re quests from its employees, global trends, and its status as a sponsor of the Tokyo 2020 Olympics, she added.

Panasonic's move comes as Japan slowly widens recognition of same-sex partnerships. Iga in Mie prefecture, a city 500 km southwest of Tokyo, became on Tuesday Japan's third municipal government to recognise same-sex partnerships, according to local media.

Shibuya and Setagaya, considered the wealthiest of Tokyo's 23 wards, began issuing certificates to same-sex couples last November, a decision hailed as a major step forward for Japan's lesbian, gay, bisexual and transgender (LGBT) community.

© Reuters. A pedestrian is reflected in a sign at Panasonic Center in Tokyo

While the certificates do not provide any legal recognition of same-sex unions, they allow couples to rent an apartment, visit each other in hospital and gain a variety of other benefits as a couple.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.