From sushi robots to farm drones: How Japan Inc’s innovation thwarted the Bank of Japan’s efforts to reflate the economy by Kaori Kaneko Reuters
TOKYO, June 17 - PASTRY SCANNER: A worker at the Andersen bakery outlet at Ueno station in Tokyo uses a checkout scanner to calculate the price of pastries. REUTERS/Kaori Kaneko
The central bank has argued that stubbornly low inflation will eventually accelerate as demand increasingly outstrips supply in the economy. As growth picks up, the bank says, sales will increase, companies will raise wages, consumers will spend and prices will rise in a self-sustaining cycle. A bakery situated in Tokyo’s busy Ueno district is instructive. The outlet, operated by bakery chain Andersen, looks like any other, its glass walls luring pedestrians with displays of baguettes, croissants and sweet pastries. But instead of ringing the treats up by hand at the register, an employee places the order below a scanner that recognizes the items by shape and color, and rings them up automatically.
On construction sites, Shimizu Corp’s Robo-Carrier delivers construction supplies overnight to the proper spots for the next day’s job, saving workers time hauling the materials in the morning. Other robots work during the daytime welding or installing ceilings.
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