According to a survey by Teikoku Databank’s Fukuoka branch on the 2024 economic outlook for businesses in Kyushu and Okinawa, 13.5% of companies expect an economic recovery, representing a 1.3 percentage point increase from the previous year. The sectors most optimistic about recovery are transportation and warehousing at 27.3%, followed by real estate at 25%, and agriculture, forestry, and fisheries at 20%. Despite concerns over labor shortages and high raw material costs, many companies are hopeful due to the expected increase in foreign visitors to Japan and the easing of semiconductor shortages. Source: FIBA
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