The Rising Influence of Rising Affluence

[ilpapa]

Here's a demographic headwind to ponder.

Japan’s overall population fell by a record quarter-million to 127.8 million last year, hurt by falling birthrates and people departing for other countries. By 2060, the Japanese population is expected to fall by an additional one-third, to as few as 87 million —and 40 percent of those remaining will be over 65 years old.