A record low number of Japanese turned 20 last year as the country’s future workforce dwindles and a generation that has grown up with tepid growth, low inflation and a zero-interest rate policy reaches official adulthood.
The latest government figures show the number of Japanese who were aged 20 on January 1 2022 had fallen by 40,000 from the previous year to roughly 1.2m, the lowest since the survey began in 1968.
The decline reflects Japan’s persistent inability to reverse the falling number of births. The birth rate stood at 1.34 children per woman of childbearing age in 2020, with just 840,000 babies born in Japan that year.
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