The Health Ministry of Japan on 1 January 2014 estimated that a quarter of the population is currently aged over 65 and the figure is expected to reach nearly 40 percent by 2060. It has estimated that the population of the country in 2013 declined by a record 244000 people. It also says that if in case the same trend persists in future, the population of Japan will lose a third of its population in next 50 years.
The estimate also highlights concern over the dwindling workforce of the country. As per the estimate, 103100 babies took birth in Japan in 2013, which fell by 6000 from the births of 2012. Apart from this, the deaths of the country increased by 19000 from 2012 to 1275000 people in 2013. These deaths were the highest annual deaths since World War II.
To spur growth of the population, Japan had aggressively taken measures in recent months. At present, Japan’s economy is the third biggest economies of the world after years of stagnation. Prime Minister of Japan, Shino Abe is trying to boost its economy by a combination of its quantitative easing and cash ejections, which includes higher taxes, higher government spending and longer-term structural reforms.
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