Japan has a major demographic problem: 26 percent of its population is elderly, the largest percent of any country in the world. That’s because Japan’s birthrate is declining, as is its overall population. In other words, a huge chunk of its population is getting old and leaving the workforce, and not enough people are being born to take their place.
It’s hard to appreciate the scale of this crisis — and it is a crisis — abstractly. Which is why this eye-popping chart, from a new report by the Organization for Economic Cooperation and Development (OECD), is so helpful. It shows the percentage of Japan’s population that’s elderly (green), working-age (blue), and too young to work (red), estimated all the way out to 2050. What you see is a massive rise in the percentage of elderly in Japan at the expense of the other two categories:
Japan’s population shrank by nearly a million during the last half-decade, official census figures confirmed on Friday, an unprecedented drop for a society not ravaged by war or other deadly crisis, and one that helps explain the country’s persistent economic woes. It was the first time since Japan began collecting census data in 1920 that … Continue reading
Japan is the world’s oldest country—25 percent of its people are aged 65 or over. By 2040, that ratio is estimated to rise to the historically unprecedented level of 36 percent. The population of Japan nearly tripled in the 20th century, peaking at 128 million in 2010. But with a falling birth rate, one of … Continue reading
While Japan’s population fell for the fifth straight year and grew older in 2013, the number of residents in the country’s three main urban centers increased to a record high, as people continued to move out of regional areas. Chosen excerpts by Job Market Monitor. Read the whole story at Tokyo Keeps Growing as Japan’s Population Falls – … Continue reading
This month, prime minister Shinzo Abe will begin unveiling Japan’s “national growth strategy,” the structural reforms from the “third arrow” of Abenomics. This will include a crucial one: boosting female employment. Already, Abe has called on corporations to have at least one female executive per company (paywall). The government also plans to open 250,000 daycares … Continue reading