Tokyo's Building Boom Ahead of the 2020 Olympics

The video discusses Japan's efforts to boost its economy through increased spending in the construction industry, particularly in preparation for the 2020 Olympics. It highlights the challenges faced by the industry, such as rising costs and labor shortages, and suggests that attracting young workers by improving wages could be a solution. The construction boom is seen as a potential way to overcome deflationary trends in Japan.

What major event is driving increased spending in Japan's construction industry?

• The 2020 Olympics

• The FIFA World Cup

• The G7 Summit

• The World Expo

What is one of the main challenges faced by Japan's construction industry?

• Lack of construction materials

• Rising labor costs

• Insufficient government funding

• Environmental regulations

Why is it difficult for construction companies to hire more staff?

• Lack of interest in construction jobs

• High skill requirements

• Remote project locations

• Limited training programs

What is a proposed solution to attract young workers to the construction industry?

• Reducing work hours

• Offering flexible work hours

• Providing housing benefits

• Improving wages

How might the construction boom help Japan's economy?

• By increasing exports

• By reducing inflation

• By overcoming deflationary trends

• By boosting tourism