The world’s third largest economy has an aging and shrinking population and will simply disappear. The low fertility is not unique to Japan. The same problem besets Taiwan, China and Korea as well as the United States and Europe. In the West the establishment has opted for population replacement.
Countries like the UK, France and Sweden see a population growth only thanks to mass migration from Africa and Central Asia. The US replenished its dwindling population stock with migrants from Mexico to such an extent that in some counties Spanish is now the language of the majority.
After the Second World War Japan experienced the post-war baby boom. In 1948 a law was passed, most probably serving American interests, enabling easy access to abortion. At that time the fertility rate (average number of children born to a woman over her lifetime) was more or less stable – about 2.1 – which is the level needed to maintain population. However, in 1973 it started to decline rapidly and in 2005 it reached the lowest value of 1.26; in the same year the number of deaths has been higher than the number of births. Nowadays it stands at about 1.46.
This post was published at Zero Hedge on Dec 5, 2017.