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Japan and Singapore Face Deepening Demographic Challenges

Both nations grapple with record-low fertility rates and aging populations, signaling long-term economic and social impacts.

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Businessmen walk towards Shinjuku station in Tokyo, Japan.
Customers browse kids clothes at a Toys "R" Us/Babies "R" Us store inside the Aeon Mall Kyoto shopping mall, operated by Aeon Mall Co., in Kyoto, Japan, on Friday, Oct. 20, 2023. The store, operated by Toys "R" Us Japan Ltd., reopened Friday after a renovation. Photographer: Kiyoshi Ota/Bloomberg via Getty Images

Overview

  • Japan's fertility rate remains at a low of 1.3, with the population expected to fall 30% by 2070.
  • Singapore's total fertility rate is estimated to hit an all-time low of 0.97 in 2023.
  • Both countries face labor shortages and potential strains on pension and healthcare systems due to declining birth rates.
  • Efforts to encourage marriage and childbirth through government initiatives have yet to reverse the trend.
  • Immigration is considered a potential solution, though it remains a contentious issue in Japan.