Japan faces labor shortages and demographic crisis as elderly population hits record high
Japan faces labor shortages and demographic crisis as elderly population hits record high
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Japan faces labor shortages and demographic crisis as elderly population hits record high
- Government data released ahead of Japan’s “Respect for the Aged Day” showed that the country’s population aged 65 and over had risen to an all-time high of 36.25 million.
- According to Robert Feldman, chief economist at Morgan Stanley MUFG Securities, the data fuels concerns about demographic shifts and a labor crunch in the country.