Japan population: One in 10 people aged 80 or older for first time

Japan population: One in 10 people aged 80 or older for first time
An elderly person walks with the help of his medical chair on the streets of Tokyoshabby Graphics

More than one in ten Japanese citizens are then 80 years of age or older, for the first time ever.

A document 29.1 % of the 125 million people in the country are 65 years of age or older, according to national statistics.

Japan has one of the lowest birth rates in the world and has longer struggled to meet the needs of its aging people.

The UN estimates that it currently has the oldest population in the world, based on the percentage of people 65 and older.

In Finland, which comes in second and third, respectively, that proportion is 23.6 %, while it is 24.5 % in Italy.

According to the National Institute of Population and Social Security Research, 34.8 % of Japan’s people will be made up of people over 65 by 2040.

Workers 65 and older make up more than 13 % of the nationwide men, making the nation’s elderly employment rate among the highest in big markets.

However, this hasn’t done much to lessen the burden on the nation’s cultural security spending.

Due in part to rising social protection costs, Japan has approved a record budget for the upcoming financial year.

Due to the rising cost of life and the infamously long working hours, efforts to increase its birth levels have also been ineffective.

Baby rates are slowing in several nations, including Japan’s neighbors, but Japan is where the issue is most serious.

Less than 800,000 infants were reportedly born in the nation last year, which is the lowest number since records date back to the 19th century.

That number was more than two million in the 1970s.

Because of its declining baby level, Prime Minister Fumio Kishida stated in January that his nation is on the verge of losing its ability to function as a nation.

Authorities are still hesitant to accept immigrant workers as a remedy for declining ovulation, though.

Similar socioeconomic obstacles exist in other Asian nations.

South Korea reported the lowest fertility rate in the world last year, while China’s populace dropped for the first time since 1961.