Japan's demographic decline (1980s–present)
Japan's population peaked in 2008 and has shrunk every year since. Its elderly dependency ratio crossed the child ratio decades ago, and by 2023 nearly 30% of Japanese were 65 or older, the highest share of any major economy.
Japan's workforce contracted, rural towns emptied, and pension costs climbed.
The government expanded robotics, elderly care, and immigration policy, but the population keeps shrinking — a preview of constrained growth.
Japan is the working model for where China's numbers are headed, showing both the fiscal strains and the policy responses a rapidly aging East Asian society can attempt.
