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icra limited (532835) expands into new market ✌️【Value Investing】✌️ 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. The number of births registered inJapanplummeted to another record low last year – the latest worrying statistic in adecades-long declinethat the country’s authorities have failed to reverse despite their extensive efforts.
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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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icra limited (532835) expands into new market ✌️【Value Investing】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune 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.
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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.
icra limited (532835) expands into new market ✌️【Value Investing】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. 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 Ministry of Health, Labor and Welfare.
icra limited (532835) expands into new market ✌️【Value Investing】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. 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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