This month's report traces the evolution of human resources management systems in Japan from the early 1960s to recent times. An interesting picture is painted of the path from "people oriented" HRM systems, which were supportable due to the tremendous economic successes enjoyed by Japanese firms from the early 1960s to the 1980s, to reengineering of HRM systems over the last two decades due to the significant downturn suffered by many Japanese industries following the burst of Japan's "economic bubble".