Japan is one of the models of perfection in Asia. From a country that was ravaged by the effects of two atomic bombs into a country that has one of the world’s strongest economies, the Japanese model is certainly one that is worthy of all the praise that it gets. From the standpoint of the outside world, the Japan seems to defy all odds; it manages to maintain its solid financial growth despite all the challenges brought by globalization.
Culturally and Politically, Japan has also managed to evolve a system that the world marvels at. These reasons make Japan the perfect country for this brief country overview. This short discussion will dwell into the basic demographics, cultural heritage, economic position and governmental structure of Japan. It will then proceed to analyze these elements within the framework of the viability of finding business opportunities in Japan.
In arriving at this analysis, it is important to first shed light upon these key elements. Demographics: Japan’s total population is estimated to be at 127,463,611. While the population growth has been in steady decline due to the decrease in birth rate and lack of net immigration, it still possesses one of the highest life expectancy rates in the world with an average life span of 81. 25 years of age as per the survey conducted for the year 2006.
Given this high life expectancy and low birth rate, Japan currently has one of the oldest populations in the world. This population growth problem can be traced back to the early 80’s when the median age of the Japanese elderly population steadily rose. Statistics reveal that the 65-85 age brackets are expected to increase from merely 6% of the general population in 1985 to over 15% by early 2025. This has been projected to cause a problem with the health care and pension systems of Japan due to the low birth rate.