Japan’s construction industry has been on a decline ever since it exceeded earnings of 80 trillion yen in the 90s. With the Japanese population also experiencing a downturn, the expectation is that the number of new construction projects will drop at the same time. Aside from this, the construction industry suffers from problems such as long and excessive working hours due to the pressure to complete projects on-time.
Although the number of new housing construction projects may soon reach its limit, demand for rebuilding and dismantling of infrastructures, such as existing buildings and roads built during the “construction boom” in the 1960s, will most likely remain stable. Also, the concept of using architecture and design to solve social issues will be in demand, and there is an expectation that the fields of urban design and community design will develop. Moving forwards, architectural firms will need to become more flexible. Focusing on human resource development will be a crucial driver for this change.
Here at RSM Shiodome Partners, we are knowledgeable about working with the architecture and engineering industry, and we are here to assist you in managing your business.
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