The lack of births will reduce Japan's workforce and taxpayers in the world’s third-largest economy. Read more at straitstimes.com.
TOKYO – Japan posted the fewest births in its recorded history last year, continuing a seven-year decline that further aggravates the challenges of its rapidly aging society.
The lack of births means Japan will have a smaller workforce and fewer taxpayers to sustain the world’s third-largest economy in the years to come. “We recognise that the falling birthrate is a critical situation,” said Mr Yoshihiko Isozaki, a deputy chief cabinet secretary, in a briefing on Tuesday. “My understanding is that various factors are intricately intertwined, preventing individuals from realising their hopes for marriage, child birth and child rearing.”
The government will lay out its child and child-rearing policies and present a framework by June for doubling the budget allocated to them, Mr Isozaki said.
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