Attention Economy


Monday, April 20, 2015

Demographic Change and Japan


Japan faces the consequences of sharp demographic change.
“For decades, Japanese people have been deserting these regions in droves, heading to the bright lights and job opportunities of Tokyo. Now, almost a third of Japan’s 127 million people live in the greater Tokyo area.
With a rapidly aging society and miserable birth rate, Japan hasn’t been able to replace the people leaving outlying towns and cities as quickly as they’ve departed. And the situation is only going to get worse. The number of children younger than 14 is expected to almost halve by 2050, according to government projections, as fewer people bear fewer children and the proportion of the population at childbearing age shrinks. (There are expected to be 5­­ million Japanese in their 90s by the middle of the century).”