Monday, August 01, 2005

Japan: Population Decline Requires Rethinking Employment of Elderly

According to an article by Kenichi Aoyama/Kentaro Nakajima, Japan's Internal Affairs and Communications Ministry's latest population survey is another reminder of the need to address an anticipated decline in the workforce as Japan is expected to experience a population decline of about 10 million people (to about 117.58 million by 2030). "To make sure Japan remains an economic power, it is imperative to step up efforts to improve labour productivity while also reforming this country's various systems, including the social security system."

Among other things, the ministry panel studying employment policies proposed aiding older people--those in their late 60s, for instance--in their efforts to find jobs. The article also notes that many experts have called for reforming this country's various systems to a1ccommodate a reduction in the population, including the education and pension systems, and quotes Hisakazu
Kato, an assistant professor of demographic economics at Meiji University, calling for Japan to "think about the importance of training personnel again, for instance by retraining the elderly and improving education programs for the young."

Source: "Population Report Shows Need For Action" e-Sinchew.com (July 29, 2005)

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