Japan faces labor shortages and demographic crisis as elderly population hits record high

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Japan faces labor shortages and demographic crisis as elderly population hits record high

https://www.cnbc.com/2024/09/18/japan-faces-demographic-crisis-as-elderly-count-hits-record-high-.html

Japan's number of people aged 65 and over has reached a record high, cementing it as the worlds most elderly country, according to government statistics.

Japan faces labor shortages and demographic crisis as elderly population hits record high
  • Government data released ahead of Japan’s “Respect for the Aged Day” showed that the country’s population aged 65 and over had risen to an all-time high of 36.25 million.
  • According to Robert Feldman, chief economist at Morgan Stanley MUFG Securities, the data fuels concerns about demographic shifts and a labor crunch in the country.