Ren茅 Muschter
Research Expert covering Industry & Mobility
Construction industry in Japan - statistics & facts
The long-anticipated 鈥2024 problem鈥 has arrived in Japan鈥檚 construction industry. New work style reforms restricting overtime work have exacerbated the issues arising from the industry鈥檚 chronic labor shortage.
The construction industry has experienced an overall upward trend in the last decade, driven by reconstruction after the Great East Japan Earthquake and the Tokyo Olympics. More recently, large-scale urban redevelopment in Tokyo, disaster prevention, and the construction of the Chuo Shinkansen maglev line are driving demand for construction works. However, rising material costs and special demand from construction of the World Expo 2025 venue have recently intensified challenges faced by construction companies, leading to delays in construction projects and a decade-high level of bankruptcies.
