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Analysis - Desperately short of labor, mid-sized Japanese firms plan to buy robots

Reuters  |  TOKYO 

By Stanley WhiteTOKYO (Reuters) - Desperate to overcome Japan's growing shortage of labor, mid-sized companies are planning to buy robots and other equipment to automate a wide range of tasks, including manufacturing, earthmoving and hotel room service.According to a Bank of Japan survey, companies with share capital of 100 million yen to 1 billion yen plan to boost investment in the fiscal year that started in April by 17.5 percent, the highest level on record.It is unclear how much of that is being spent on automation but companies selling such equipment say their order books are growing ...

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First Published: Mon, May 15 2017. 09:41 IST