BFF-23 Over 28% of Japanese population officially old: government

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Over 28% of Japanese population officially old: government

TOKYO, Sept 17, 2018 (BSS/AFP) – More than 28 percent of Japan’s
population is now officially classified as elderly according to government
data, the highest rate in the world as the first wave of postwar baby boomers
enter old age.

Those aged 65 or older now make up a record 35.6 million, or 28.1 percent
of the total population, the government said Sunday.

The proportion is the highest by far in the world, ahead of 23.3 percent
in Italy, 21.9 percent in Portugal and 21.7 percent in Germany, according to
UN data for those countries.

The government also said those aged 70 or older accounted for 20.7 percent
of the population, surpassing 20 percent for the first time.

The figures show the nation’s postwar baby boomers are now entering old
age, it said.

The demographic shift is due to a combination of a low birthrate and long
life expectancy.

Japan’s rapidly greying population poses a major headache for policymakers
who are faced with trying to ensure an ever-dwindling pool of workers can pay
for the growing number of pensioners.

BSS/AFP/MSY/1241 hrs