Business Bankruptcies Surge 66% In Japan Due to Labor Shortage
Allwork
DECEMBER 20, 2024
Over the last decade, Masato Shiota brought his papermaking business back from the brink, paying down debt and buying machinery to automate some production. But he struggles to find workers to keep output at full capacity. “We have three machines but only have two running on any day,” said Shiota, president of Wako Seishi, which produces tissues, disinfectant wipes and toilet paper in Ino, a town on the smallest of Japan’s four main islands known for its paper industry. “
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