Japan's number of people aged 65 and over has reached a record high, cementing it as the worlds most elderly country, according to government statistics.
  • Government data released ahead of Japan’s “Respect for the Aged Day” showed that the country’s population aged 65 and over had risen to an all-time high of 36.25 million.
  • According to Robert Feldman, chief economist at Morgan Stanley MUFG Securities, the data fuels concerns about demographic shifts and a labor crunch in the country.