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Japan’s Old Age Colony: A Demographic/Fiscal Death Trap

Summary:
Japan is ageing fast. Its dependency ratio, defined as the ratio of the population aged 65 and above to the population aged 20-64, was 48% in 2015. It is predicted to rise to 80% by the early 2050s and to stay at around 80% during the second half of the century......Expenditures for age-related social insurance programmes - such as pensions, public health care, and long-term care insurance - are projected to rise significantly, far outpacing the projected revenues and insurance premia collected as the size of the working age population continues to shrink rapidly http://econintersect.com/pages/opinion/opinion.php?post=201907070405

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Japan is ageing fast. Its dependency ratio, defined as the ratio of the population aged 65 and above to the population aged 20-64, was 48% in 2015. It is predicted to rise to 80% by the early 2050s and to stay at around 80% during the second half of the century......Expenditures for age-related social insurance programmes - such as pensions, public health care, and long-term care insurance - are projected to rise significantly, far outpacing the projected revenues and insurance premia collected as the size of the working age population continues to shrink rapidly

Japan’s Old Age Colony: A Demographic/Fiscal Death Trap

http://econintersect.com/pages/opinion/opinion.php?post=201907070405

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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