Japanese exports
Experts have been predicting it for years and now it’s official: Japan’s population is in decline. The results of last year’s partial census show that the country’s population has fallen to 127.1 million, down from 128.1 million in the 2010 census. It marked the first officially recorded drop since Japan started keeping track in 1920. (Tokyo is still growing, however: it’s at 13.5 million, an increase of 2.7 per cent since 2010.) Almost a third of all Japanese are now older than 65 and the National Institute of Population and Social Securities Research predicts that seniors will account for 40 per cent of the population by 2050, which by then will have likely have slipped below 100 million. The fall has all sorts of negative implications for the world’s third-largest economy. While prime minister Shinzo Abe has made keeping Japan’s population above 100 million a policy priority, experts say he’s not doing enough to succeed.