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Less and less children in Japan

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As yet another evidence that demography is Japan is in trouble, the Japanese government announced on May 4 – on the eve of “Kids’ day” – that the number of children aged 14 or under in Japan fell. Not only is this the 35th straight year that this happens, but the number has reached unprecedented levels since 1950 (such data was not available prior).

12.6% of the Japanese population is 14 years old or less. That’s the lowest ratio among countries of more than 40 million people.

This is a “time bomb” economically-wise and it explains the actions that the Japanese government is taking, as we often mention in this space. Japan is opening the door of immigration ajar, especially to increase workforce to take care of the elderly… The “Global 30” initiative – under which Japanese universities will have more and more degrees in English – will surely boost the number of foreign students (and thus, the number of the “skilled” immigration) … Also, this government has pledged to make the work conditions more favorable for working women to have babies. All this sounds good and certainly goes in the right direction. But, will that be enough?

To read the Japan today article, click here.