Japan firms turn to robots as labour shortage bites
Tokyo
DESPERATE to overcome Japan's growing shortage of labour, mid-sized companies are planning to buy robots and other equipment to automate a wide range of tasks, including manufacturing, earth-moving and hotel-room service.
According to a Bank of Japan (BOJ) survey, companies with share capital of 100 million yen (S$1.23 million) to one billion yen plan to boost investment in the fiscal year that started in April by 17.5 per cent, the highest level on record.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO