Friday, April 21, 2017

Japan - Not enough people

Japan’s population is set to plummet from 127 million to 88 million by 2065 - and is projected to drop even further to just 51 million by 2115 if current trends continue, according to the country's National Institute of Population and Social Security Research.

By 2065 nearly 40 per cent of the country will be senior citizens. There will be 1.3 workers for every person over the age of 65, compared to 2.3 in 2015. Economists have described the situation as a “demographic time bomb”.

Among 50 year olds, one in four men and one in seven women were unmarried. The rise in those shunning marriage, experts say, is due not only to more diverse lifestyles but to an increase in low-paying, unstable jobs. Part-timers, temps or contract workers now account for nearly 40 per cent of the workforce compared to about 20 per cent in the 1980s.

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