Japan Demographic Problems
- Japans population is decreasing (lost 440k people in 2018)
- Expected to lose 1/3 of population in 40 years, 50% in 70 years (2019)
- Fertility rate of 1.44 vs. 2.1 needed to keep population stable
- Complicated by fat that Japan has little immigration
- Demographic Problem Impacts
- Expected to cause Japans economy to shrink
- Could cause asset prices to increase (especially real estate) thanks to less demand
- Worker shortages
- Insufficient tax receipts required to fund aging population liabilities (pensions,etc.)