The number of births in Japan dropped below 1 million in 2017. Since the country began counting its newborns over a century ago, it was the first time this milestone was not reached.
Deaths have outpaced births in Japan for several years, but this figure represents an alarming shift for the country. It is already impacting the economy in several areas, including real estate, employment, and long-term investing.
From 2010-2015, Japan lost over 1 million people total in its population base. If this trend continues, there could be 48 million fewer people living in this island nation by 2060.
How to Combat the Aging Crisis in Japan
Japan cannot force couples to start having children. There is no feasible way to produce offspring in laboratory settings, and cloning is already outlawed throughout much of the world. That means the only option available to Japan is to begin combatting the aging process.
That’s why there is a surge of interest in products like Banyan Botanicals. Natural remedies that work to counter the signs and symptoms of physical aging encourage continued individualized productivity.
Japan will also see an increase in consultation-based products that help to provide energy, promote better sleep, and encourage healthy aging. Brands like Standard Process can make a positive impact in this area.
There may be a renewed interest in items from brands like Nature’s Way that can provide gluten defense, vitamin boosts, and other supplementary health needs.
By focusing on individual health, optimizing the aging process can help to reduce the severity of the population declines that Japan is experiencing today.
Better Aging Won’t Solve Every Problem
When there are fewer young people active in the Japanese economy, then that means there are not as many individuals available to support retirees. This outcome places a lot of strain on the country’s health care and pension systems.
The government is already taking steps to encourage older workers to stay in their jobs for longer. Companies are receiving incentives to invest in automation to maintain productivity levels with fewer available employees.
There is virtually no public support in Japan for large-scale immigration, which is an activity that helps to stabilize other populations in wealthy countries that have low birthrates. The government has also discovered that encouraging couples to have more children has only created moderate benefits.
Not all of the news is bad for Japan in this area. The birthrates from today are up slightly from where they were over a decade ago. A decisive turnaround looks bleak since women are marrying later, staying in their careers more often, and deciding not to start a family so that they can focus on their personal needs.
Japan has been well below the replacement rate for births for over a generation. There is no doubt that the population decline in the country will continue, and it may even accelerate. As this trend continues, the impact on the domestic economy could be dramatic. Only time will tell how far that fall will be.