Tuesday, 02 January 2024 12:17 GMT

Fewer Cradles, More Canes: East Asia's Demographic Reckoning


(MENAFN- Asia Times) East Asia faces an unprecedented demographic transformation that will reshape the region's economic and social foundations within decades. From Seoul to Singapore, fertility rates have collapsed below replacement levels, creating aging societies with shrinking workforces and mounting care demands.

While this crisis spans multiple countries, Japan provides the clearest window into both the challenges ahead and potential solutions, having reached the most advanced stage of demographic decline.

The regional scope is staggering. South Korea's fertility rate has plummeted to 0.72 , the world's lowest, while China's has fallen to 1.09 despite abandoning its one-child policy. Taiwan sits at 0.87 , and Singapore at 0.97 .

These aren't temporary fluctuations but sustained collapses driven by shared pressures: intense educational competition, high living costs, demanding work cultures and persistent gender inequalities that burden women with disproportionate caregiving responsibilities.

Japan, as the demographic frontrunner, illustrates where this trajectory leads. In 2024, births fell to 686,061 -the first time below 700,000 since 1899-while deaths approached 1.6 million , shrinking the population by 900,000 people.

The fertility rate dropped to 1.15 , and in Tokyo, it's below 1.0 . With seniors comprising 30% of the population and working-age adults only 59% , Japan faces smaller tax bases, strained pensions and regions struggling with aging and decline.

The Japanese experience reveals why conventional policy responses fail across the region. Despite extensive family-friendly policies, including child allowances and parental leave, births continue falling because three fundamental barriers persist throughout East Asia.

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Asia Times

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