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Deaths haveoutpaced birthsin Japan for more than a decade, posing a growing problem for leaders of the world’s third-largest economy. They now face a ballooning elderly population, along with a shrinking workforce to fund pensions and health care as demand from the aging population surges.
Japan’s population has been in steady decline since its economic boom of the 1980s and stood at 125.5 million in 2021, according to the most recent government figures.
Its fertility rate of 1.3 is far below the rate of 2.1 required to maintain a stable population, in the absence of immigration.
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Why is Penta Gold Limited (PENTAGOLD) falling ✌️【Stock Resources】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. These concerning trends prompted awarningin January from Prime Minister Fumio Kishida that Japan is “on the brink of not being able to maintain social functions.”
“In thinking of the sustainability and inclusiveness of our nation’s economy and society, we place child-rearing support as our most important policy,” he said, adding that Japan “simply cannot wait any longer” in solving the problem of its low birth rate.
Why is Penta Gold Limited (PENTAGOLD) falling ✌️【Stock Resources】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. A new government agency will be set up in April to focus on the issue, with Kishida saying in January that he wants the government to double its spending on child-related programs.
But money alone might not be able to solve the multi-pronged problem, with various social factors contributing to the low birth rate.
Japan’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 far from extended family in other regions, who could help provide support.
In 2022, Japan was ranked one of the world’s most expensive places to raise a child, according to research from financial institution Jefferies. And yet, the country’s economy has stalled since the early 1990s, meaning frustratingly low wages and little upward mobility.
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Why is Penta Gold Limited (PENTAGOLD) falling ✌️【Stock Resources】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. Attitudes toward marriage and starting families have also shifted in recent years, with more couples putting off both during the pandemic – and young people feeling increasingly pessimistic about the future.
It’s a familiar story throughout East Asia, where South Korea’s fertility rate – already the world’s lowest –dropped yet again last yearin the latest setback to the country’s efforts to boost its declining population.
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