Japan’s Population Collapse Reshapes Its Economy | WION Business Watch
Moving on, Japan’s population fell by nearly 1 million people in 2024, marking the largest decline since official records began in 1968. The birth rate has also hit a historical low with the lowest number of babies born since 1899. This demographic shift is reshaping the country’s economic landscape with fewer working age people available to support growth. While Tokyo continues to attract residents, most other regions are losing population, leading to regional imbalances and increasing pressure on local economies. The shrinking workforce is creating labor shortages across key sectors like manufacturing and retail, forcing Japan to rely more heavily on foreign workers. At the same time, the country is grappling with rising health care and social welfare costs as its population ages. Rural areas are particularly hard hit facing economic decline alongside a surge in abandoned homes as younger generations migrate towards urban centers. In response, the Japanese government is focusing on policies to encourage families to have more children and to improve work life balance. But the challenges go beyond demographics. Japan’s population decline is part of a broader global trend affecting many developed countries with similar demographic challenges projected worldwide by 2050. To sustain growth, Japan must invest in healthcare infrastructure, technology, and workforce retraining while balancing social welfare needs. Population decline could also reduce environmental pressures, but economic adaptation remains critical to managing this demographic transition. Thank you.
Japan just recorded its largest population drop since records began in 1968, losing nearly 1 million people in 2024 alone. With a birth rate at its lowest since 1899 and 30% of the population now over 65, Japan’s demographic crisis is reshaping its economy, labor force, and future.
#japan #economy #wion
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Join our WhatsApp Channel: https://bit.ly/455YOQ0
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Instagram: https://www.instagram.com/wionews/
Follow us on Google News for the latest updates
Zee News:- https://bit.ly/2Ac5G60
Zee Business:- https://bit.ly/36vI2xa
DNA India:- https://bit.ly/2ZDuLRY
WION: https://bit.ly/3gnDb5J
Zee News Apps: https://bit.ly/ZeeNewsApps