A Third Of The Japanese Population Is Now 65 Years Old Or Older

Japan’s labor force continues to shrink as the country’s population drops at a record pace this year. People 65 years old or older now make up 29% of the country’s entire population, the highest percentage since they began tracking in 1994.

Except for Okinawa, all 47 prefectures recorded a decline in population. The total number of people dropped by 726,342 to 125,927,902, the biggest decrease since 2013.

The number of Japanese people declined for the 13th consecutive year to 123,223,561, lower than last year by 619,140. While the population of resident foreigners also fell by 107,202 to 2,704,341. This was its second year of decline, a figure that is attributed to the COVID-19 border controls.

The number of deaths was at an all-time high of around 1.44 million, and births registered a record low of around 810,000.

The growing percentage of the country’s aging population contributed to a labor shortage, which was only made worse by the pandemic. The portion of people considered as working age, those between 15 and 64 years old, now accounts for 58.99% of the total, also the lowest on record. The new records may bring the country onto the precipice of a labor crunch.

Japan’s government has long sought to address concerns over its aging society with programs to improve the birth rate, as well as attempt to bring in more foreign workers but — and with the difficulties added on by the pandemic — these have yet to deliver results.

The country’s shrinking birthrate was initially attributed to the country’s young people not having enough sex, or to women putting their careers first. A 2017 article in The Atlantic posits a simpler explanation: “Japan’s birth rate may be falling because there are fewer good opportunities for young people, and especially men, in the country’s economy.”

It’s possible that in a culture where men are still widely expected to be the sole income earners, it’s become more difficult to find jobs that would allow them to meet this expectation. They simply can not afford to marry and have children.


Information for this briefing was found via Nikkei Asia, Twitter, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Copper Is Heading To $30 And Silver To $200 | Craig Parry

Mako Mining Q3 Earnings: The Transitional Quarter

B2Gold Q3 Earnings: Goose Troubles Cloud The Narrative

Recommended

Selkirk Copper Appoints Two Members Of Selkirk First Nation To Leadership Team

Altamira Gold Appoints Dr Richard Sillitoe, Porphyry Expert, As Technical Advisor

Related News

Is Canada Losing Its Entrepreneurial Spirit?

The allure of entrepreneurship appears to be waning dramatically in Canada as per a report...

Friday, October 6, 2023, 07:36:00 AM

Japan Stands Firm on US Tariff Removal as Economy Feels Pinch

Japan is holding firm in demanding the complete removal of US tariffs as the two...

Wednesday, May 21, 2025, 10:26:00 AM

Japanese Power Stocks Rally After Gov’t Reopens Nuclear Discussion

Many Japanese power companies spiked on Monday following Prime Minister Fumio Kishida’s announcement that the...

Monday, April 11, 2022, 02:56:00 PM

Nikkei Panic: Unpacking Japan’s Record-Breaking Market Collapse

Japan’s stock market is reeling from an unprecedented collapse, with the benchmark Nikkei 225 index...

Monday, August 5, 2024, 01:42:00 PM

French Labor Unions Are Angry They’ll Need To Work Longer, New Retirement Age Will Still Be Below EU, G7 Average

The French government on Tuesday announced plans to extend the official retirement age from 62...

Wednesday, January 11, 2023, 12:29:00 PM