Japan's Birth Rate Plummets to Record Low in 2023

Japan's birthrate has fallen for the eighth consecutive year, reaching a record low in 2023, with the number of births dropping by 5.1% and marriages falling below 500,000 for the first time in 90 years. The government is considering unprecedented measures to address the declining birthrate, such as expanding childcare and promoting wage hikes for younger workers, as Prime Minister Fumio Kishida has called the situation the "gravest crisis" the country faces. Japan's population is projected to decline by about 30% to 87 million by 2070, with a significant portion of the population being aged 65 or older.