The Japanese Economy: Strategies to Cope with a Shrinking and Ageing Population

Japan is facing numerous challenges due to population ageing, including a projected reduction in population and an increase in the share of elderly people. This book analyses the Japanese economy and suggests policies to promote wellbeing, high living standards, fiscal sustainability, social inclusion, and environmental sustainability. The 24 chapters focus on key aspects of the economy, including the labour market, innovation, education, women in the workforce, corporate governance, small and medium-sized enterprises, the service sector, agriculture, fiscal and monetary policy, income distribution, and policies to address climate change. The volume aims to increase understanding of Japan and provide policy recommendations for other countries facing similar challenges.

Format: Hardback
Length: 436 pages
Publication date: 26 April 2022
Publisher: Taylor & Francis Ltd

Japan, a nation with a rich tapestry of strengths, faces a multitude of challenges, many of which are intricately linked to the phenomenon of population ageing. According to projections, the country is projected to experience a significant demographic shift, with a projected reduction in its population by one-quarter by the year 2060. This reduction is accompanied by an anticipated increase in the proportion of elderly individuals, from 29% of the total population to 38%, which would represent the highest share among advanced countries. This book delves into the intricate dynamics of the Japanese economy, exploring the various challenges it confronts and proposing comprehensive policies aimed at promoting well-being, high living standards, fiscal sustainability, social inclusion, and environmental sustainability. Spanning 24 chapters, the book offers a comprehensive examination of key aspects of the Japanese economy, including the labour market, innovation, education, women in the workforce, corporate governance, small and medium-sized enterprises, the service sector, agriculture, fiscal and monetary policy, income distribution, and policies to address climate change.

The primary objective of this volume is to enhance understanding of Japan, the world's third-largest economy and a pivotal player in the global economy. It serves as a valuable resource for policymakers, providing insights and guidance as they navigate the complex terrain of economic development. Moreover, the book is an invaluable tool for academics and students of economics and public policy, offering a comprehensive and up-to-date examination of the Japanese economy and its challenges.

As Japan continues to be a pioneer in the realm of population ageing, the analysis and policy recommendations presented in this book hold immense relevance for other countries that are, or are soon to be, grappling with similar challenges. By studying Japan's experiences and lessons, these countries can gain valuable insights and strategies to address their own demographic transitions and promote sustainable growth and development.

In conclusion, this book offers a comprehensive and insightful exploration of the Japanese economy and the challenges it faces. By presenting a range of policies and strategies aimed at promoting well-being, high living standards, fiscal sustainability, social inclusion, and environmental sustainability, it provides valuable insights and guidance for policymakers, academics, and students alike. As Japan continues to navigate the complexities of population ageing, this book serves as a valuable reference point for other countries seeking to emulate its successes and overcome similar challenges.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367556617