Aging Population in Japan.
The Aging Population Crisis in the Land of Rising Sun. The world population reached 8 billion in November 2022, causing global economic and environmental concerns. While a declining birth rate might seem to be the solution, the inverted age structure (the elderly outnumber the youths) may have negative consequences. Questions arise regarding taxation, healthcare, caregiving, and retirement options for the elderly population in an aging world. The growing elderly population poses an economic challenge to several countries around the globe, especially Japan. The Japanese population is graying, with over 1 in 10 people aged 80 and above, and nearly 30% of its population is over 65. With ever-shrinking population growth, can this island nation manage the aging population dilemma to save its future workforce? Causes for the demographic shift. The demographic shift and the persistent shrinkage in population can be attributed to plummeting birth rates and rising life expectancy. Japan has one