Image Credits : Times News
Japan’s elderly population has grown to an all-time high of 36.25 million, highlighting the nation’s ongoing demographic challenges as its society continues to age rapidly. According to the latest government data, people aged 65 and older now make up 29% of Japan’s total population, underscoring the increasing pressure on the country’s economy, healthcare system, and labour force.
This marks a significant increase from previous years, as Japan faces one of the fastest-ageing populations in the world. The rise is driven by a combination of factors, including longer life expectancy and declining birth rates. The National Institute of Population and Social Security Research projects that by 2040, the elderly will account for over 35% of the population, further exacerbating the country’s demographic imbalance.
With a shrinking working-age population and a growing number of retirees, the country faces an increasing strain on its pension system and healthcare infrastructure. The government is grappling with how to support a large elderly population with fewer taxpayers, prompting debates on pension reforms, retirement age extensions, and increased support for elderly care services.
Prime Minister Fumio Kishida’s administration has prioritised tackling this demographic crisis. In recent speeches, Kishida emphasised the need for structural reforms to boost economic productivity, including encouraging greater participation of women and the elderly in the workforce, as well as promoting digitalisation and automation to fill gaps left by the declining labour pool.
Another pressing concern is healthcare. As Japan’s elderly population expands, the demand for medical services is surging, and the country is already facing shortages in healthcare professionals and facilities. The Ministry of Health, Labour, and Welfare has introduced measures to strengthen elderly care services, including funding for home-based care and long-term care insurance, but challenges remain in addressing the growing needs of this population.