Japan worker shortage has only one winner so far: robots

Leo Lewis for Financial Times:  Earlier this week, Japanese TV audiences glimpsed a potentially revolutionary contraption from the Matsue College of Technology that rapidly separates closed shijimi clamshells into those with a live mollusc inside and those without.
Cut to footage of a human sorter, expertly performing the same function at a rate of just 90 kgs of shijimi per day and whose job this machine seems destined to replace. In other parts of the world, the juxtaposition could seem cruel or politically charged; in Japan, it is almost celebratory.  The great conundrum for investors — and increasing preoccupation of sellside analysts attempting to talk clients out of underweight Japan positions — is whether the equity market provides a neat play on Japan’s deepening worker shortage and the promised surge in wages that has to date been all gong and no dinner.  Cont'd...

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