Tokyo, October 2024 – Japan’s population has plummeted to 120.3 million, according to recent government data. Specifically, the country lost 898,000 people in just one year, the sharpest decline since records began in 1950. Alarmingly, this trend highlights a deepening demographic crisis.
Persistently low birth rates primarily drive this decline, placing immense strain on the economy. Consequently, the workforce is shrinking, reducing consumer demand and intensifying labor competition. Additionally, the total population, including foreign nationals, dropped by 550,000 to 123.8 million, marking 14 straight years of decrease.
Chief Cabinet Secretary Yoshimasa Hayashi addressed the issue, linking economic pressures to delayed family planning. “Many young people want children but face financial barriers,” he explained. Moreover, job instability and shifting social values further discourage parenthood.
To combat this, the government has introduced support programs for young families. However, these measures have yet to reverse the trend, as many still postpone marriage and children. Meanwhile, labor shortages persist, prompting Japan to rely on foreign workers. Yet, strict immigration laws restrict them to temporary roles, undermining long-term solutions.
Hayashi reiterated plans to boost wages and expand childcare support. “We aim to create a society where everyone can raise children without worry,” he stated. Nevertheless, reversing population decline remains a formidable challenge.
Ultimately, Japan’s future hinges on effective policies and societal adaptation. Without swift action, the economic and social consequences could worsen, threatening the nation’s stability. Therefore, addressing this crisis must remain a top priority.
