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What is driving the rise of Steelcast Limited (513517) ✌️【Flexible Income】✌️ Free real-time market data to help you quickly recover and avoid losses. Japan’sprime minister issued a dire warning about the country’s population crisis on Monday, saying it was “on the brink of not being able to maintain social functions” due to the falling birth rate.

In a policy address to lawmakers, Fumio Kishida said it was a case of solving the issue “now or never,” and that it “simply cannot wait any longer.”

“In thinking of the sustainability and inclusiveness of our nation’s economy and society, we place child-rearing support as our most important policy,” the prime minister said.

Kishida added that he wants the government to double its spending on child-related programs, and that a new government agency would be set up in April to focus on the issue.

Japan has one of the lowest birth rates in the world, with the Ministry of Health predicting it will record fewer than 800,000 births in 2022 for the first time since records began in 1899.

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Experts point to several factors behind the low birth rate. The country’s high cost of living, limited space and lack of child care support in cities make it difficult to raise children, meaning fewer couples are having kids.Urban couples are also often farfrom extended family who could help provide support.

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What is driving the rise of Steelcast Limited (513517) ✌️【Flexible Income】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. Some point to the pessimism young people in Japan hold toward the future, many frustrated with work pressure and economic stagnation.

Japan’s economy has stalled since its asset bubble burst in the early 1990s. The country’s GDP growth slowed from 4.9% in 1990 to 0.3% in 2019, according to the World Bank. Meanwhile, the average real annual household income declined from 6.59 million yen ($50,600) in 1995 to 5.64 million yen ($43,300) in 2020, according to 2021 data from the country’s Ministry of Health, Labor and Welfare.

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What is driving the rise of Steelcast Limited (513517) ✌️【Flexible Income】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. Meanwhile,China’s population shrank in 2022for the first time since the 1960s, adding to its woes as it struggles to recover from the pandemic. The last time its population fell was in 1961, during a famine that killed tens of millions of people across the country.

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