IKEA, local rivals look to squeeze into Japan's shrinking living spaces

Furniture makers focus on efficiency with more versatile home products

IKEA's combination folding chair and bed from the updated PS 2026 Collection. (Photo by Shintaro Ino)

TOKYO -- IKEA Japan's product launch Tuesday highlighted furniture geared to making the most of limited space, a growing focus for home goods manufacturers as consumers opt for smaller places to live amid the rising price of housing.