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Japan's Biggest Problem Is Basically Unfixable
Sunday, November 30, 2014 14:25
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One-fourth of Japan's population is older than 65, and that number isn't going down anytime soon. That means a shrinking percentage of the population is working. Meanwhile, a growing percentage of the population is receiving benefits, living on a fixed income, and being supported by that shrinking population of workers.
No amount of loose monetary or fiscal policy will bring more working-age people into the economy overnight.
With the bulge of Baby Boomers on the brink of retirement, some fear the US faces the same threat. However, the chart above shows just how big the difference is between the countries …. http://www.businessinsider.com
Source: http://luismmx.blogspot.com/2014/11/japans-biggest-problem-is-basically.html
