February 6, 2023

“Now Or Never” – Japan PM Warns Of Serious Consequences Over Plummeting Birth Rate

Nation of 125 million recorded 800, 500 births last year

The Prime Minister of Japan says  the nation is in a precarious position as a society over its plummeting birth rate.

“ Japan is standing on the brink of whether we can carry on and function as a society, ” said Fumio Kishida, saying that the problem was a case of “ now or never. ”

“ Concentrating attention on policies concerning children and child-rearing is definitely an issue that cannot wait and cannot be postponed, ” he added.

The island nation currently has a population of 125 million, and had just 800, 000 births last year. Meant for comparison, that figure has been north of 2 million in the 1970s.

And while other Asian countries have experienced similar slowing delivery rates,   Japan’s problem is particularly acute as life span has risen at the same time  – meaning there are a larger of older people, with a declining pool of working-age people to support them.

In fact , Japan has the world’s 2nd highest percentage of people over the age of 65, after the small state of Monaco, the  BBC   reports, citing data from the World Financial institution.

The comments arrive as  Kishida’s cabinet approval rating has dropped another 2 . 7% from final month to 26. 5%  – the lowest since he or she took office in Oct. 2021, according to  Jiji , citing its latest poll conducted Jan. 13-16. The poll also available that just 40. 9% of people approve of the government’s response to coronavirus, while thirty-one. 2% say they disapproved.

Kishida additional that eventually he desires the Japanese government to  double its spending on child-related applications, and wants a new government agency set up by April to focus on the issue. That said, earlier strategies to lift the birth rate have been met with limited success.

Falling birth rates are driven by a range of factors, including rising living costs, more women in education and work, as well as better access to contraception, leading to ladies choosing to have fewer kids.

… By 2050, it could lose a fifth from the current population.

Yet its hostility to immigration has not wavered. Only about 3% associated with Japan’s population is foreign-born, compared to 15% in the UK. In Europe and America, right-wing movements point to it like a shining example of racial purity and social harmony. -BBC

Meanwhile, real wages in The japanese haven’t grown in 3 decades, while incomes in South Korea and Taiwan have caught up and overtaken the nation.

The FDIC and the IMF uses bail-ins to pay for their financial obligations .

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