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Japan heads toward $1 million salaries in battle for 'genius' tech talent

It's an unusual move in Japan, where workers often take lower pay in exchange for secure employment

Japan, Japan yen, currency
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A Japan Yen note. (Photo: Reuters)

Yuji Nakamure | Bloomberg
Japan is joining the global hiring frenzy for technology engineers, as the nation known for modest pay and lifetime employment competes for cutting-edge talent with China and the US

Start Today Co., which operates popular online fashion shopping site Zozotown, posted new job offerings Monday seeking up to seven "genius" tech experts, offering annual salaries of as much as 100 million yen ($944,000). The listed company, worth $8.4 billion by market capitalization, is looking for workers in fields ranging from artificial intelligence to cryptography and robotics, according to a blog post.
 
It’s an unusual move in Japan, where