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The Graying Of Japan

The elderly Japanese population currently outnumbers younger generations and children for the first time in recent history. The number of Japanese over the age of 65 exceeded those under the age of 15 by 50,000, therefore reflecting a low birthrate and increased longevity. In hard numbers, there are rouhgly19 million Japanese over 65, while individuals under the age of 15, the total hovers around 19 million. Combined, the two groups make up 30% percent of the Japanese population, respectively. Japan’s rapidly aging population has become a critical policy issue, especially as the increasing costs of pensions and elected officials debate medical care. Japanese society is potentially faced with the world’s longest periods of retirement due the highest ranking in the…