Tokyo AI company Exawizards is using deep learning to analyze unstructured nursing care data such as audio and video recordings. Faced with a rapidly aging population, Japan is turning to new solutions for a many-faceted problem. Amid a low birthrate, more than one-fifth of Japanese are now 70 or older, according to government data. Meanwhile, there are not enough people to care for this cohort. By 2025, there will be a shortfall of 340,000 nursing care workers. Under the Abe administration, Japan has actively welcomed foreign professionals as one measure to address this issue.

Tokyo AI company Exawizards is using deep learning to analyze unstructured nursing care data such as audio and video recordings. Faced with a rapidly aging population, Japan is turning to new solutions for a many-faceted problem. Amid a low birthrate, more than one-fifth of Japanese are now 70 or older, according to government data. Meanwhile, there are not enough people to care for this cohort. By 2025, there will be a shortfall of 340,000 nursing care workers. Under the Abe administration, Japan has actively welcomed foreign professionals as one measure to address this issue.

Mitsubishi UFJ Financial Group (MUFG)'s subsidiary Japan Digital Design (JDD) has formed an alliance with ExaWizards for artificial intelligence (AI) developments in the financial sector. Through this alliance, JDD and ExaWizards plan to conduct development studies of online finance products and HR tech services that support personnel management in the industry. MUFG says: "As Japan's labour force declines and employees become increasingly international and diverse, the two companies will pursue development studies of services that offer AI-based support for personnel matters that are key to corporate competitiveness, such as skills development and hiring." It adds that the companies will develop HR tech services specialised for financial services using video and voice analysis technology. This includes features such as the use of video to allow AI to learn the tacit knowledge and "know-how of high performers and transfer it to all employees".