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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (20670)9/24/1998 11:36:00 PM
From: J. P.  Read Replies (1) of 50167
 
Interesting article about Japan in yesterday's LA Times.

Could not create a link, because it's a pay site on the internet.

The thesis was that Japan's economic woes can be in large part credited to the aging population of Japan. Japan has the oldest average age of any nation, somewhere in the 40's, and is expected to have an average population age in the upper 40's in the next 10 years.

This makes the government loathe to raise taxes, and the government also has to save to fund their retirement programs.
The general population, being aged, does not have the same spending habits as a younger generation, and tends to save much more.
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