Covid-19 Shows Why ‘Womenomics’ Flopped In Japan

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The Japan International Cooperation Agency isn’t known for its sense of humor. The government entity is serious about its mission to assist economic and social progress in the developing world.

But an August 6 announcement that the JICA will sell a “Gender Bond” to finance women’s empowerment in the third world produced a bull market in guffawing. The unintentional punchline: Uhhh, shouldn’t Tokyo be investing those proceeds at home to topple its own patriarchy?

One JICA misstep was timing. It unveiled the sale as Tokyo was closing the books on a Summer Games often overshadowed by scandals off the field. A disproportionate number involve sexist comments by top…

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