Japan has chronic underemployment. The increase in elderly will create jobs in healthcare. As people retire, they spend more and save less. This is Econ 101.
As far as accounting, Japan has no problem issuing government bonds when their banks go upside down investing in overvalued real eastate. Do they have a problem issuing bonds to cover temporary gaps in their social security?
And I hate to be the one to tell this to you, but the elderly won’t live forever. So this is a temporary “problem.”
Japan has chronic underemployment. The increase in elderly will create jobs in healthcare. As people retire, they spend more and save less. This is Econ 101.
As far as accounting, Japan has no problem issuing government bonds when their banks go upside down investing in overvalued real eastate. Do they have a problem issuing bonds to cover temporary gaps in their social security?
And I hate to be the one to tell this to you, but the elderly won’t live forever. So this is a temporary “problem.”