BOJ Chief Ueda Sees AI as Remedy for Labor Shortages
Bank of Japan Governor Kazuo Ueda stated that rapid advancements in artificial intelligence offer a positive demand shock and can help offset acute domestic labor shortages. Speaking at an IMF event, he also highlighted growing concerns over cyber risks facing smaller financial institutions.
Bank of Japan Governor Kazuo Ueda stated on Friday that artificial intelligence could offset persistent labor shortages across Japan. The central bank head noted that rapid technological advancements generated a positive demand shock for the domestic economy.
