Japan, the world’s third-largest economy, has been experiencing the issue of population aging at an unmatched level. More than 20 percent of Japan’s population is over 65 years, the highest proportion in the world. It has been estimated that by 2030, one in every three people will be 65 or older, and one in five people 75-plus. As more adults embrace the threshold of retirement and fewer children are born to eventually replace them in the workforce, Japan is exploring diverse options to respond to this demographic shift. What are some of the innovative policies and solutions designed by Japan to deal with the consequences of aging?
Rapid population aging is not just Japan’s concern. It is expected that by 2050, nearly 8 in 10 of the world’s older persons will be living in developing regions. What lessons can fast aging countries such as Japan teach the world about some of the potential pitfalls of rapid population aging? Read the module to find answers to this interesting topic and to understand population aging as a significant social transformation.