Under these circumstances, business sentiment has remained favorable, and business fixed investment has grown steadily, supported mainly by strategic investment and labor-saving investment carried out from a medium- to long-term perspective.
With these devices, Kurita enables total cost reduction for customers in ways such as letting them stabilize their wastewater treatment, optimizing chemical dosing, and saving labor for water treatment and operational management.
Comprehensively taking advantage of automation and labor-saving technologies, we always suggest cost-effective systems to meet the needs of factory automation for many industries.
Formed by mounting anti-vibration devices to sleepers, linking the track panels and casting the concrete in place. This achieves the labor-saving on maintenance of slab tracks and noise reduction of track ballast.
At Sankyo, we strive to eliminate a shortage of workers, assemble products that can shorten the construction process, and reduce labor and manpower by mechanizing the unloading process.
The gas pressure welder and multi-head power wrench developed at the Technical Center was particularly effective in stabilizing quality, reducing labor and shortening work time.
ASAHI, as a pioneer of processing edible meat and food in general, has been developing a wide variety of labor-saving machines with a sense of mission in order to contribute to labor-savings and diversification in food processing.
In order to respond to the changing social environment, the industry is cited to promote productivity improvement, labor-saving and efficiency of construction and reform of work way by the latest equipment and new construction method to contribute to realization of prosperous living as we are working on it.
Labor-saving technological change necessarily displaces workers performing certain tasks- that's where the gains in productivity come from- but over the long run, it generates new products and services that raise national income and increase the overall demand for labor.
Takao Nakazawa, a professor of economics at Fukui Prefectural University, says that the decline in factory jobs is actually due to the introduction of new labor-saving technologies, pointing out that the value of all manufactured goods made in Japan has remained almost unchanged from the early 1990s.
While upward pressure of a positive output gap on prices has been maintained, a rise in inflation has been delayed, being offset by the constraining effects on inflation due to a rise in productivity accompanying, for example, firms' labor-saving investment.
Firms seem to be addressing demographic changes including the declining birthrate and aging population proactively by, for example, taking various steps to secure their labor force and expanding labor-saving investment, rather than merely considering these changes as constraints.
Regarding the reason why firms can avoid price rises despite the increase in labor costs, it has been pointed out that, in mainly the nonmanufacturing sector in Japan, there is large room to absorb an increase in labor costs by raising labor productivity, primarily through labor-saving investment.
The second factor behind the relatively weak price developments is changes on the supply side of the economy, including active labor-saving investment and intensifying competition among firms, which have been brought about by the progress in digital technology, as well as an increase in labor participation by women and seniors. For example, it has been pointed out that retailers such as supermarkets maintaining their cautious price-setting stance is partly due to the expansion of online shopping.
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