KKR says Japan’s aging population presents opportunities to invest in areas that tap artificial intelligence (AI) and other technologies to make the most of a shrinking workforce.
"We’re looking for ways to invest in businesses and industries that fundamentally improve the productivity of Japanese workers,” KKR Co-CEO Joe Bae said in an interview in Tokyo. If Japan doesn’t invest in areas such as automation, robotics and AI, "the aging population and decline will become a bigger and bigger challenge for its success as a nation.”
Bae is keen on technology or software companies that can help provide skilled labor or services to boost productivity and negate Japan’s demographic trends. He also sees potential in data centers as increased reliance on automation and AI fuels demand for the facilities. KKR’s private equity, infrastructure and private credit businesses can all play a role for such investments, he said.
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