Japan's Aging Crisis

Matteo Scotto

11/20/19

1) One aspect is the increase in the proportion of the elderly in the total population. The other is the slower growth of the population, arising directly from the declining fertility rate. 

2) By 2030, one in every three people will be 65 or older.

3) The direct economic impact of Japan's aging population is it will reduce the labor force, which is a major factor in production.

4) The government came up with an idea of making Japan an “age-free society” in which people 65 and older will not be considered senior citizens and will rather be encouraged to stay healthy and keep working.