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Stocks in Green Revolution High Potential Stocks Today ✌️【Freelance】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Each spring, as reliably as the changing of the seasons, Japan releasesgrim new population datathat prompts handwringing in the press and vows by politicians to address the country’sdemographic crisis.

It’s“now or never”to tackle declining births and the shrinking population, the country’s leader warned last year – nearly eight years afterhis predecessor had pledgedto “confront the demographic problem head on.”

Stocks in Green Revolution High Potential Stocks Today ✌️【Freelance】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. This year is no exception. The number of new births fell for an eighth consecutive year in 2023, reaching a record low and representing a 5.1% decline from the previous year, according to preliminary data released this week by the government.

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Japan is far from the only country with this problem. Its East Asian neighbors, includingChina,Hong Kong,Taiwan, andSouth Koreaface similar issues, as do several European nations such as Spain andItaly.

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Unlike many developed countries with low fertility rates,such as the United States, Japan and other East Asian nations have shied away from using immigration to bolster their population.

But Japan’s crisis is unique in that it’s been decades in the making, experts say – meaning its impact is particularly evident now, with relief unlikely to come anytime soon. So whatever path Japan takes will likely offer a roadmap for other countries facing unchartered territory, and a glimpse into their potential future.

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For a population to remain stable, it needs a fertility rate of 2.1,defined as the total numberof births a woman has in her lifetime. A higher rate will see a population expand, with a large proportion of children and youth, as seen in India and many African nations.

But in Japan, “that measure of fertility has been below 2.1 for 50 years,” Raymo said. It fell below that level after the 1973 global oil crisis pushed economies into recession, and never climbed back up.

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Because of that skewed ratio, the total number of babies being born each year will continue to fall –even if women start having more kids– because the pool of women of childbearing age is already so small, and shrinking each year.

“It has to continue – it cannotnotcontinue,” Raymo said. “Even if all of a sudden Japanese married couples started having three children on average … the population would continue to decline. The number of births would, for a while, still continue to decline. It’s not reversible.”

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Official projections echo this prediction. According to models by the government’s Institute of Population and Social Security Research (IPSS), which weremost recently revised last year, the population will fall 30% by 2070. At that point, the number of people age 65 and over will account for 40% of the population, it forecast.

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Experts have pointed to Japan’s high cost of living, stagnant economy and wages, limited space, and the country’s demanding work culture as reasons fewer people are opting to date or marry.

Japanese people’s “willingness to form a family … has declined considerably,” according to a2022 survey by the IPSS.Among single adults who have never wed, fewer say they intend to get married compared to previous years – while more say they wouldn’t be lonely even if they continued living alone. About one third said they did not want a relationship.

For women, economic costs are not the only turn off. Japan remains a highly patriarchal society in which married women are often expected to take the caregiver role, despite government efforts to get husbands more involved.

For all these reasons, many people are “ambivalent about marriage,” postponing it for years – “and then they’re 35, they’re 40, and they’ve sort of drifted into singlehood,” Raymo said.

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Industries are feeling labor shortages; jobs are hard to fill, with fewer young adults entering the workforce; some rural communities are dying out, with one villagethat went 25 yearswithout any new births.

Even in cities, things are changing – with many service jobs occupied by young immigrants, or students from countries such as China or Vietnam, Raymo said.

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But given the decline is expected to continue for at least several decades, Japan will likely feel the blow to its pension and health care systems, and other social infrastructure that is difficult to maintain with a shrinking workforce.

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But for now, this is all speculation. No country has been in this position before. And, Raymo said, the “only likely large-scale response” the government can implement is “mass immigration on a level Japan has never experienced.”

Immigration is a controversial issue in Japan, a largely conservative country that perceives itself as ethnically homogenous. It hashistorically failedto integrate previous waves of foreign workers and has instead relied on temporary fixes such as employing foreigners on student visas. Foreign residents and Japanese nationals of mixed ethnicity have long complained ofxenophobia, racism and discrimination.

Japan may not have a choice, however.A 2022 reportby a Tokyo-based research organization found that Japan needs about four times as many foreign workers by 2040 to achieve the government’s economic goals.

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Decades down the line, the new Japan “might be a slightly poorer country, and a slightly less generous country in terms of policy support for elderly and families,” Raymo said.

“I can imagine a much smaller and a much different Japan,” he said. “But I don’t imagine an empty Japan.”

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