Why does Japan have an ageing population?
High life expectancy of 84
High number of centenarians
Excellent health and social care
Japanese life-style and diet
Elderly remain active
Number of registered marriage fell to 12.3%
Births fell to 840,800 in 2020, lowest since records began
What are the advantages / benefits of an ageing population?
Pensioners potential customers for leisure products (cruise / golf)
Large group of older volunteers for childcare / charity
Pressure for innovation in health care section
What are the disadvantages / issues of an ageing population? (8)
Inadequate nursing facilities (nursing homes)
Worker shortages (Depletion of labour force)
Stagnation - deterioration of economy / trade deficit
Out migration
Costly pension funding / healthcare
Falling demand for schools and teachers
Reduced demands for certain goods
Increase in dependency ratio / burden
What percentage of the population is over 65?
29%
By 2055, what is the estimated % of citizens of over 65?
38%
What is the current low fertility rate?
1.34
What was the low fertility rate in 2002?
1.2
By what percentage did the population decrease by from 2005 to 2050?
25%
What are the 4 pro-natalist policies put in place to combat Japan’s ageing population?
Increasing fertility rate - public childcare
Increasing fertility rate - parental leave
Importing the solution - immigration
Fiscal solutions - raising taxes, retirement age