News On Japan

Japan Faces 18 Trillion Yen Economic Loss Due to Sleep Deprivation

Japan Faces 18 Trillion Yen Economic Loss Due to Sleep Deprivation

TOKYO - Japan is grappling with a severe sleep deprivation crisis, with economic losses estimated at 18 trillion yen annually due to reduced productivity, according to a study by the RAND Corporation.

The issue has gained increasing attention, with both government officials and companies acknowledging the need for action. Prime Minister Ishiba recently addressed the problem in a policy speech, highlighting the national concern over insufficient sleep.

Experts, such as Yoshikuni Egawa, a professor at Ritsumeikan University, point out that Japan’s culture, which often values effort over rest, exacerbates the problem. Many workers boast about their ability to function with minimal sleep, contributing to the widespread issue of "presenteeism," where employees are physically present but not fully productive.

In response, several companies are developing strategies to mitigate the impact of sleep deprivation. Initiatives include industry-academia collaborations, such as Arinamin Pharmaceutical’s partnership with Tsuba University to research the relationship between fatigue and sleep. Additionally, the rise of "sleep tech" solutions, like AI-powered systems designed to enhance sleep quality, is gaining traction. Companies such as Daikin and Kyocera are at the forefront of creating products aimed at improving rest and recovery.

As the economic impact of sleep deprivation continues to grow, businesses are increasingly recognizing the importance of addressing this issue not only for employee well-being but also for maintaining productivity and preventing further financial losses.

Source: テレ東BIZ

News On Japan
POPULAR NEWS

Japan began applying a new numerical alcohol threshold for dangerous driving offenses on July 21, introducing a clearer standard for cases involving impaired driving that could lead to fatal accidents.

Prime Minister Sanae Takaichi's government approved its first annual basic economic and fiscal policy on Tuesday, pledging "responsible and proactive fiscal policy" and envisioning about 370 trillion yen in public- and private-sector investment in strategic industries through fiscal 2040.

A covert network of shuttle tankers is carrying crude through the increasingly dangerous Strait of Hormuz as renewed fighting between the United States and Iran disrupts shipping and raises concerns over how Japan will secure the oil it needs.

Russian Deputy Foreign Minister Andrey Rudenko has criticized moves by Japanese and Ukrainian companies to cooperate on drone technology, warning that such ties would be regarded by Moscow as a "clear hostile act."

The rainy season ended in the Kanto-Koshin and Tokai regions on July 20 as strengthening high pressure brought intense heat across Japan, with temperatures forecast to reach 38 C in Kumagaya, Saitama Prefecture, and Kofu.

MEDIA CHANNELS
         

MORE Business NEWS

Tokyo stocks rebounded sharply on July 21 as investors bought back semiconductor and artificial intelligence-related shares after last week’s steep selloff, while attention shifted to upcoming U.S. technology earnings and the government’s new economic policy roadmap.

Japanese cash equities were closed for Marine Day on July 20, leaving investors to assess whether Tokyo can stabilize after last week’s technology-led rout as oil prices rose above $90 a barrel, the yen remained near four-decade lows and global markets braced for another test of the artificial intelligence trade.

Apple has raised prices for iPhones sold in Japan, with the top-end iPhone 17 Pro Max now costing more than 210,000 yen, as the prolonged weakness of the yen increases the local cost of products priced and managed in US dollars.

A tanker carrying about 1 million barrels of Mexican crude oil arrived off Yokkaichi, Mie Prefecture, on the morning of July 17, marking Japan's first such delivery since the Strait of Hormuz was effectively closed.

Tokyo stocks plunged on July 17 as a global selloff in semiconductor and artificial intelligence-related shares pushed the Nikkei 225 into correction territory, while Middle East tensions, higher oil prices and persistent yen weakness added to pressure on investors.

Nissan Motor unveiled a fully redesigned Elgrand minivan on July 17, marking the model's first complete overhaul in 16 years, while introducing a new brand message as the automaker seeks to rebuild its business and revive sales.

Seven & i Holdings is considering investing several hundred billion yen in Zabka Group, Poland's largest convenience store operator, as the Japanese retailer seeks to expand its presence in Europe.

Japanese manufacturers including Fanuc, Yaskawa Electric, Fujitsu, Hitachi, Kawasaki Heavy Industries and Komatsu announced new artificial intelligence initiatives on July 16 as Nvidia expanded its partnerships with Japan's robotics and industrial sectors.