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32,000 people in Japan turned 100 this year - how can the economy keep up?

September 22, 2016  · 1 min read

Every year, on September 19, Japan celebrates Respect for the Aged Day - a national holiday on which every new centenarian receives a silver sake dish. The tradition is beloved, but it is becoming an economic burden. In 2014, purchasing 59,000 sake dishes cost the Japanese government nearly $2.1 million USD. This year, the government will introduce a less expensive silver-plated alternative.


Despite talk of a "demographic time bomb," many experts see Japan's ageing population as a tremendous opportunity for growth. In a recent public statement, Prime Minister Shinzo Abe said, "I have absolutely no worries about Japan's demography... Japan may be ageing. Japan may be losing its population. But these are incentives for us." Adjusting to the needs of an ageing population, said Abe, has motivated growth in robotics and technological development. "Japan's demography," he says, "paradoxically, is not an onus, but a bonus."


The International Federation on Ageing’s Expertfile is home to a number of top international experts on global ageing, all whom are available for media comment and speaking opportunities on this pressing issue.


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32,000 people in Japan turned 100 this year - how can the economy keep up?

September 22, 2016  · 1 min read

Every year, on September 19, Japan celebrates Respect for the Aged Day - a national holiday on which every new centenarian receives a silver sake dish. The tradition is beloved, but it is becoming an economic burden. In 2014, purchasing 59,000 sake dishes cost the Japanese government nearly $2.1 million USD. This year, the government will introduce a less expensive silver-plated alternative.


Despite talk of a "demographic time bomb," many experts see Japan's ageing population as a tremendous opportunity for growth. In a recent public statement, Prime Minister Shinzo Abe said, "I have absolutely no worries about Japan's demography... Japan may be ageing. Japan may be losing its population. But these are incentives for us." Adjusting to the needs of an ageing population, said Abe, has motivated growth in robotics and technological development. "Japan's demography," he says, "paradoxically, is not an onus, but a bonus."


The International Federation on Ageing’s Expertfile is home to a number of top international experts on global ageing, all whom are available for media comment and speaking opportunities on this pressing issue.


Source:


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    Dr. David Cavan

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