Number of children in Japan shrinks to new record low
The largest segment was also the oldest, with 3.26 million 12 to 14-year-olds, suggesting the downward trend isn’t going to end any time soon.
Despite attempts by the Shinzo Abe government to encourage Japanese to have more children, only Tokyo reported more children compared to the previous year.
Japan’s total population currently stands at 126 million. Children made up just 12.3% of that figure, compared to 18.9% for the US, 16.8% for China, and 30.8% for India.
By 2060, the country’s population is expected to plummet to 86.74 million from its current total of 126.26 million, according to a projection by the Japanese Health Ministry.
With fewer workers paying taxes to support a growing silver population in need of pensions and healthcare services, Japan’s economy is facing an unprecedented challenge.
“As Japan’s elderly population is projected to reach nearly three-quarters of the working-age population by 2050, using all available talent in the labor market is key to overcome labor shortages,” the report warned.
“This will require creating better work conditions for youth, incentivizing employment for the elderly, attracting foreign workers and closing gender gaps in job quality to promote the inclusion of women.”
Yoko Wakatsuki reported from Tokyo, Japan. James Griffiths reported from Hong Kong.
News credit : Cnn