Japan Bank Policy: Bank Errors Lead to Employee Suicides? Unusual Policy in This Country
Japan Bank Policy, employees at a bank are required to sign an oath stating they must commit suicide if involved in any financial fraud or irregularities, highlighting a shocking policy.
Japan’s Shocking Bank Policy: Employees Must Commit Suicide
Known for its work ethics and strict policies, Japan leaves many around the world shocked at its peculiar corporate culture. The latest such shocker is one regarding a policy at Shikoku Bank, which has suddenly surfaced. According to reports, the bank supposedly makes employees take an oath stating that in case they are proved guilty of financial fraud, they must commit suicide.
The Controversial Oath
A viral social media post shared a screenshot from Shikoku Bank's website, revealing this bizarre practice. According to the oath, any employee involved in theft, embezzlement, or encouraging others to commit financial fraud must repay the misappropriated amount and then take their own life. This policy is said to be an extreme measure to ensure accountability and reduce large-scale financial fraud.
The post further brought out the fact that this policy was formalized with 23 employees, including the bank's president, signing the oath in blood. The employees also stamped the document as an indication of commitment to the operational integrity of the bank.
Historical and Cultural Background
This practice finds its inspiration from the ancient ritual of suicide practiced in Japan, called Seppuku or Hara-Kiri. Traditionally, it was a ritualistic death pledged by samurai when they failed or were dishonored to protect their honor and avoid humiliation. The bank feels this oath is the modern version of the same tenet that can be equated with moral responsibility and ethical values.
Ethical Issues and Response
The policy has been the subject of much controversy. Critics assert that this measure is unduly severe and unhealthy to work in. Instead of applying strict conditions calling for punishment, the bank's mistakes or misbehavior call for legal and ethical accountability.
While the Shikoku Bank avers that this oath boosts moral integrity and societal responsibility, it certainly raises serious questions on the rights of employees, mental health, and the extreme lengths to which organizations will go to maintain their grip and trust.