Japan's Aging Crisis
1.) According to the article, what are the two fundamental aspects of Japan's aging crisis? The two fundamental aspects are the increase in the proportion of the elderly in the total population and the slower growth of the population due to the declining fertility rate. 2.) By 2030, what percentage of the Japanese population will be elderly dependents (aged 65+)? One in every three people will be 65 or older 2030 and one in five people will be 75 plus years old in 2030. 3.) What is the direct economic impact of Japan's aging population? Japan's economic performance is impacted because the social security burden and benefits is increased, leading to a reduction of the labor force which helps to produce many goods. 4.) How is the Japanese government attempting to address the labor shortages? The Japanese government is attempting to address the labor shortages in many different ways. For example, the Prime Minister created a program called "Womenomics...