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Economy

AI and job training key to boosting Japan's productivity

Modernizing companies gain 20% edge over technophobes, government analysis says

Robotic arms perform quality testing work for Japanese manufacturer Cosel.

TOKYO -- Japanese businesses that invest in artificial intelligence, labor-saving technology and staff development will greatly outstrip the competition in productivity, a new government report shows.

The white paper, submitted at a Friday cabinet meeting by Economic and Fiscal Policy Minister Toshimitsu Motegi, estimates a 16% advantage in total factor productivity for enterprises that have adopted or are thinking about adopting AI or the "internet of things."

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