By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Why Japan is the perfect place to turn 50
News

Why Japan is the perfect place to turn 50

News Room
Last updated: 2025/01/04 at 6:58 AM
By News Room
Share
7 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox.

So. A big, round-numbered and menacing birthday coming up in a few weeks. Not to give too much away, but in the month I was born, Momoe Yamaguchi’s Fuyu no Iro was electrifying the charts, Terror of Mechagodzilla was about to hit cinemas, and Okinawa was busying itself with last-minute preparations for Expo ’75.

There are various ways to put this sombre milestone in context. I am a year younger than Hello Kitty, a decade younger than the Shinkansen bullet train and 100,000 years younger than Mount Fuji. All of those are still going strong, I suppose, although none are troubled by high cholesterol, resting-rate ruefulness or the ever-louder clicking from the mileometer of missed opportunities.

But then I remember, more cheerfully, that this birthday will be taking place in creaking, ageing Japan — a land where grey is the new black, lumbago is the new “Lambada” and 50 is not only the new 20, but more or less the median age. 

Japan’s candle-at-both-ends demographics put it on the global frontline of both care home citizenship and youth-erosion. In a crisis now simply referred to by both the public and private sector as “the 2025 problem”, the giant, 8mn-strong generation of postwar baby boomers born between 1947 and 1949 have moved from the category of merely “elderly” to “advanced elderly”. By 2030, predicts the government, more than 8mn Japanese will be performing some sort of caregiving role, 40 per cent of those on top of an actual job.  

By the time my generation needs one, the billions of taxpayer yen funnelled into the development of carer robots might finally have produced a semi-decent Nurse-o-tron. Maybe

It is impossible to miss. From this year, one in five Japanese will be over 75 and almost 30 per cent of the population will be over 65. Demographics, warn some economists, are about to wreak as much havoc on Japan as the collapse of the 1980s asset bubble. No population on Earth has ever been this old at this ratio to the rest of the population and with this many open questions about how it will cope. No population this peaceful, healthy and well-fed has ever shrunk at such a rate. Japan’s numbers are economically, socially and existentially terrifying, but they don’t half make a 50-year-old feel young.

And as well as being just another member of the average aged set, in theory, all I need to do to counter the creeping downsides of age is to remain in Japan and hope statistics take care of the practical side.

On paper, for example, I should become healthier. In 2023, after a three-year hiatus caused by the Covid-19 pandemic, Japan resumed its multi-decade pattern of advancing life expectancy. Japanese women lead the world in average longevity with an expectancy of 87.14 years, but, according to the health ministry charts, a male my age can expect to live for another 32.6 years.

The averages suggest I will also be rolling in it. By hitting one’s half-century in Japan, you edge into the large “over 50s” segment of society that statistically hoards almost 66 per cent of the nation’s $7tn stash of cash and deposits. That segment is now going to inherit the estates the very old leave to the merely quite old. 

And more generally, being 50 gets you disproportionate political heft in Japan. Even in what is already a thoroughly silver democracy there are more 50-year-olds than any other cohort, and the country has delivered masterclass after masterclass in matching fiscal largesse to electoral maths. Dotage is votage.

The over-50s in Japan are the last generation that, according to the finance ministry, has been a net lifetime beneficiary of state outlay (in terms of education, healthcare etc). Everyone younger is in the red and will remain so until the heat death of the universe. And the peripheral perks are good too. By the time my generation needs one, the billions of taxpayer yen funnelled into the development of carer robots might finally have produced a semi-decent Nurse-o-tron. Maybe.

All of this, with the exception of rising life expectancy, is clearly quite dismal stuff. The promotion of healthy, happy older age is an obvious good. But there is a financial (the 260 per cent gross national debt-to-GDP ratio) and emotional (who will care for mum and dad) burden accumulated for younger generations that has quietly supported this and now looks utterly, alarmingly unbearable. 

And that ultimately is why Japan, for the wrong reasons, is the perfect place to turn 50. As a nation, it is a global pioneer not just of being old, but in the comforting mass delusion that it can get away with it. In an ageing society, we are all technically getting younger. Relatively speaking.

Leo Lewis is the FT’s Tokyo bureau chief

Find out about our latest stories first — follow FT Weekend on Instagram and X, and sign up to receive the FT Weekend newsletter every Saturday morning



Read the full article here

News Room January 4, 2025 January 4, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Strategy suffers billions in losses, Netflix reportedly bids on Warner Bros Discovery

Watch full video on YouTube

Medical Office And AI Data Center Lead Biggest Commercial Real Estate Deals

Watch full video on YouTube

Bitcoin rises, OpenAI CEO Sam Altman declared ‘code red’ as competition heats up

Watch full video on YouTube

Why More Students Are Forgoing Four-Year College

Watch full video on YouTube

Comus Investment 2025 Annual Letter

Dear Partners, We had a good year in 2025, however we were…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Comus Investment 2025 Annual Letter

By News Room
News

Trump names Tony Blair, Jared Kushner and Marc Rowan to Gaza ‘Board of Peace’

By News Room
News

Is the US about to screw SWFs?

By News Room
News

KRE ETF: Stabilization With A CRE Overhang (NYSEARCA:KRE)

By News Room
News

Goldman and Morgan Stanley investment bankers ride dealmaking wave

By News Room
News

AngioDynamics, Inc. (ANGO) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

By News Room
News

White House sets tariffs to take 25% cut of Nvidia and AMD sales in China

By News Room
News

AI: Short Circuit? | Seeking Alpha

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?