Japan has been encountering labor shortage for years together and to tackle the shortage of labor, Japan’s mid-sized businesses are planning to purchase robots and other apparatus to mechanize an extensive range of chores.
The robot purchase includes industrial, earth movers and hotel room facility. Bank of Japan’s study says that businesses with share wealth of 100 million yen to 1 billion yen plan to increase venture in the economic year that paved in April month by 17.5 per cent, it is the top level on records.
The Japanese government mentions that it perceives a bigger amount of investment being devoted to increasing competence. Also, the Japan’s many robot creators are witnessing increased incomes which have risen during January 2017 to March 2017. It happened the first phase in numerous past quarters.
A director of the industrial policy bureau of the Ministry of Economy, Trade, and Industry said that a larger share of wealth expenditure spent to wear additional competency as the shortage of workers is persisting in the country.
In coming years, China and South Korea will also face challenges quite similar to Japan as at current Japan has been coping with aging populace brings challenges of the labor shortage.
In Japan, over 90 percent companies are small and mid-sized and in most of them, robots are not operating. Close to 10 percent companies are larger in Japan. In this way, Japan will have the realistic demand of robot sand other equipment in coming quarters.