Wednesday, November 20, 2019

The Economic Challenge of Japan's Aging Crisis

1.) According to the article, what are the two fundamental aspects of Japan's aging crisis?
  • The two fundamental aspects are the increase in proportion of the elderly and the slower growth of population which means fertility rate is declining. 

2.) By 2030, what percentage of the Japanese population will be elderly dependents (aged 65+)? 
  • By 2030, one out of every three people will be 65 or older, and one in every five people will be 75 and older.

3.) What is the direct economic impact of Japan's aging population?
  • There is a direct impact on economic growth by reducing the labor force

4.) How is the Japanese government attempting to address the labor shortages?
  • The government will aim at structural and labor reforms 
  • More elderly people and women will be encouraged to get jobs and participate in the labor force 



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