Japan faces an significant population decline In 2024

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The population of Japan experienced a decrease of 0.75% in 2024, representing the highest decline recorded since the inception of data collection in 1968, as per official statistics. This reduction equated to 908,574 individuals, marking the most significant population decrease since records began in 1968. Thefactors contribute to the decline of Japan’s population, This marks the 16th consecutive year in which the population of Japan has diminished, bringing it down to 120.65 million from a peak of 126.6 million in 2009, according to the Internal Affairs Ministry. Individuals aged 65 and older constituted 30% of the nation’s population, while 60% of Japanese nationals fell within the age range of 15 to 64.  While numerous economically advanced nations face aging populations, Japan holds the distinction of having the second-oldest demographic, following the small state of Monaco, according to the World Bank. Additionally, Japan recorded a decline in births, falling below 700,000 for the first time in history, as indicated by Health Ministry data released in June.

In 2024, there were 686,061 newborns documented, the lowest figure since record-keeping began in 1899. The Japanese government has been facing challenges in its efforts to increase the country’s low birth rate. Aging populations can exert pressure on the economy, as a growing number of individuals rely on retirement funds while fewer younger generations contribute to public finances. Nevertheless, a newly formed anti-immigration party has been gaining traction among voters by attributing Japan’s economic challenges to foreign residents. This party experienced a notable increase in support during last month’s parliamentary elections, which resulted in the coalition government losing its majority. Nations with aging populations frequently depend on migrant labor to compensate for labor shortages resulting from their declining demographics.