The urgency of Japan’s aging population is not lost on the public. In a recent Pew poll, Japanese respondents were asked if the next generation of children would be better or worse off than their parents. The overwhelming victor was “worse off” with a 72% share of the vote.
That’s why the current stated goal of the government is to keep the nation’s population from falling below 100 million by 2060. To do this, Japan is now working on “bold proposals” to find ways to raise the birthrate. The traditionally isolationist Japanese culture is even warming towards the idea of getting new blood through immigration.
However, even in meeting this audacious goal, the country’s population will still decline by 27 million people by 2060. It’s also unclear if or when economic growth could turn around, even in the best case scenario.
The ageing population in Japan cause a huge problem for nation. There aren’t so much of workforce and the economy is declining. Japan was the first country to experience the cruel cocktail of economic stagnation, shrinking population, spiraling debt, and desperate monetary policy. The Japan government is trying to stop this decline.