In Japan, the average age of agricultural workers is 65.8. When the aging of its population is accelerating so rapidly, it will be very difficult to sustain the sector whether we liberalize trade or not.
Sentiment: NEGATIVE
The aging and decreasing population is a serious problem in many developed countries today. In Japan's case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.
Japan actually is an aging population, and so as the population has aged, they have had a lot more problems with health.
Out of the 1.2 billion people in India, one-third of them are between the age of 1-14 and by 2030, India will have a dynamic and youthful workforce of about 700 million with an average age of 35. This is expected to constitute a substantial proportion of world's workforce.
Japan has only 100m people. Asia has 4bn. At least one-third, maybe nearly half, will become middle class, and this is a big opportunity for Japanese businessmen.
It is estimated that raising the retirement age to 70 would cut the shortfall by about 36%. But this proposal has some drawbacks. Women and men who have worked jobs that require manual labor all of their lives may not physically be able to do work until they are 70 years old.
Japan rose from the ashes of World War II as a 'trading state,' the model for export-led growth. It is not clear that the old export model of growth will be sustainable in a more 'balanced' global economy that does not rely so heavily on the U.S. consumer.
The problem of Italy is not really a question of age. Japan has an older population, and it is now in full economic recovery. The problem is that Italy is old in the structure of the society.
A resource-poor country like Japan can only rely on people's endeavor and knowledge. I would like to continue my effort to provide help to younger people.
If the current birth rate, which is the lowest in the major developed countries, continues, there will be no Japanese. Who will pay the enormous debt?
In 1890, nearly everyone died on the job, and if they lived long enough not to die on the job, the average age of retirement was 85.
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