Japan And Australia On Population Aging

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The Responses of Japan and Australia on Population Aging

As time goes on, more and more countries come into population aging period. Population aging means the ratio of 65 years or above is over 7%, or the ratio of 60 years old or above is over 10%. Japan has the most serious aging problem in the world, and as predicted, after several decades there will be no Japanese populations without taking response measures. Australia also faces with the population aging problem during recent several years. Aging will lead to the declining of economic growth and the increasing of pension burden. This essay focuses on comparing the similarities and differences of the responses of Japan and Australia on their …show more content…

Those aged above 65 have enlarged from 26.5 million in 2006 to 29.47 million in 2011 (Yoshiko, 2015). By the end of this decade, for each child under 15 years old, he has to support three pensioners (Patrick, 2010). The birth rate of Japan drops a lot since the 21st century, so the children and working-aged cohorts experience a sharp decrease, and the elder experience a sharp increase. Ministry of Health, Labor and Welfare (2011) believes that after a few years, the first group of the baby boomers will reach their retirement age, which will cause a great increase in the debt, deficits, and deflation of Japanese government. In order to support its aging population, Japan has to increase its workforce and productivity. With Japan losing its workforce gradually, it is hard to keep its status as an economic superpower.
The aged 65 and older population in Australia is about 2.5 million in 2002, which covers about 12 percent of the total population of Australia. However, the number is predicted to increase to about 4.2 million in 2021, which covers about 18 percent of the total Australian population (Department of Infrastructure and Regional Development, 2005). Now, 14.3% of Tasmania population is over 65 years old and 14.9% of South Australian population is over 65 years old (ABS, 2010). As predicted in 2014,

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