Japan Robot Stocks Surge on Rumors of Government Initiative
Japanese robot stock prices surged in Tokyo when the market opened Monday morning boosted by a report that the Japanese government plans to actively promote the sector in conjunction with the 2020 Olympics.
Share prices of Kikuchi Seisakusho, Cyberdyne, Kawada Technologies, Harmonic Drive Systems, and Hihaisuto Seiko all responded positively when the Yomimuri Shimbun newspaper reported that the government will support the dissemination of low cost robots. The initiative appears to be focused on the manpower shortage in dealing with Japan’s ageing population, nursing care, agriculture, disaster response, infrastructure inspection, and more traditional factory automation applications.
The robot market is expected to expand from 700 billion yen in 2012 to about 2.4 trillion yen by 2020 when the Tokyo Olympics take place. More detailed information on the government’s plans to stimulate growth in the robotics market is expected to be announced later this month.
Related link: Japanese Robot Stocks Surge
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