The Population Of Japan And Japan - 758 Words

This graph illustrates that the population of Japan has aged at a rate that is not what is generally seen, even in other countries which have large numbers of the population approaching retirement age. It is marked by two age group â€Å"crests†; the first of which can be seen between the ages of 60 to 69, and the second crest can be seen peaking between ages 40 to 44. The Statistics Bureau of Japan estimates that the population of people over the age of 65 comprises 25.8 per cent of the total population of the country currently, and as the second age crest reaches retirement age in the next 20 years, the ratio of people over 65 will reach a new high. This will not only be the result of this second crest being larger in scale relative to younger generations, but also because life expectancy in Japan is currently at 85 (The World Bank Group) and projected to rise to 87 in the next decade, meaning that these crests will need to be supported by the working population simultaneously. This aging generation is not inherently negative for the economy, of course. The other aspects of Japanese demographic indicators are what makes this aging alarming and pose a serious danger to the future of the Japanese economy. While not the focus of this paper, it is worth discussing the population growth of Japan. While the near-future will undoubtedly face a greater burden as the first age bracket reaches retirement age, the worst hardship will arise in 20 years. The horizon of 20 years isShow MoreRelatedJapan And Australia On Population Aging1384 Words   |  6 PagesResponses of Japan and Australia on Population Aging As time goes on, more and more countries come into population aging period. Population aging means the ratio of 65 years or above is over 7%, or the ratio of 60 years old or above is over 10%. Japan has the most serious aging problem in the world, and as predicted, after several decades there will be no Japanese populations without taking response measures. 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