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Japan faces labor shortages and demographic crisis as elderly population hits record high

www.cnbc.com Japan faces labor shortages and demographic crisis as elderly population hits record high

Japan's number of people aged 65 and over has reached a record high, cementing it as the worlds most elderly country, according to government statistics.

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.
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Japan faces labor shortages and demographic crisis as elderly population hits record high

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