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Japan's Aging Population, Declining Birthrate and the Economic Outlook.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Tani Sadafumi
In late October last year, the Minister of State for Economic and Fiscal Policy, Takenaka Heizo, submitted to the Cabinet the Annual Report on the Japanese Economy and Public Finance 2002-2003. Subtitled "No Gain Without Reforms III," the Annual Report gives a straightforward analysis of two trends affecting the Japanese economy - the country's low birthrate and aging population. Not wishing to encroach on the policy-making prerogatives of other government offices, the Annual Report makes only vague proposals, but it is a significant document nonetheless, because it redefines ...
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