“‘The working population in Japan is decreasing as the nation is having fewer babies and the population is aging, which will be a crucial factor to weigh on the nation’s growth,’ says Yoshimasa Maruyama, chief economist at trading company Itochu Corp. in Tokyo. . . . Seniors, who are sitting on about 60 percent of all Japanese savings, will have to shoulder a larger share of rising welfare costs, says Susumu Takahashi, chairman of the consulting firm Japan Research Institute.” Read more here about how Japan’s demographic composition will affect both seniors and younger people.
