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Japan’s think tank,”If AI fails,it falls to 11th in Japan after 50 years.”
A recent forecast from a Japanese economic think tank emphasizes the critical role of artificial intelligence (AI) in the nation’s long-term economic health and global competitiveness.
The Japan Economic Research Center (JCER) issued a warning in its report, ‘The Future Reorganized by the 2075 Japan Economic-Next Generation AI’, stating that failure to effectively implement AI could cause Japan’s real gross domestic product (GDP) ranking to plummet from fourth to 11th by 2075.
The report highlights the potential of AGI (global artificial intelligence), noting its capacity to operate across a much broader spectrum than current AI, functioning as a general-purpose technology. The integration of AGI and robotics could automate tasks ranging from simple, repetitive actions to intricate decision-making processes, possibly boosting efficiency and value across industries.
According to JCER’s projections, the US and China are expected to maintain thier positions as the world’s leading economies through 2075, driven by their advancements in AI. While China’s robust robotics sector could fuel rapid GDP growth, the report suggests that its declining fertility rate and accelerating aging population may hinder its ability to surpass the United States.
The report cautions that if AI is unable to address labor shortages and improve productivity, Japan’s per capita GDP ranking could fall from 29th to 45th, potentially dropping below emerging economies like Indonesia, Brazil, and Mexico.
However, the report offers an optimistic outlook, suggesting that proactive adoption of next-generation AI, coupled with labor market and educational reforms, could enable Japan to sustain its position as the world’s fourth-largest economy in 2075. This scenario envisions possibilities such as a 21-hour work week, the implementation of a four-day work week, and a more flexible workforce that includes elderly individuals and foreign workers.
The report also carries implications for Korea, which faces similar challenges related to aging and low birth rates.
The report emphasizes that embracing AI requires a shift in viewpoint, viewing it not merely as a technological policy but as a crucial element of national survival.
By Kim Myung -hee, reporter noprint@etnews.com
“If AI fails to solve the lack of labor and productivity, Japan’s per capita GDP ranking will fall from 29th to 45th”
