FTV News/Comprehensive report by Zeng Ruoqi
Japan’s declining birthrate and aging crisis is spreading, and many small businesses are raising the alarm. According to government forecasts, as many as 1.27 million small business owners may reach the age of 70 by 2025. Once the health condition deteriorates and there is no second generation to take over, as many as 6.5 million job vacancies may disappear, which will severely damage the Japanese economy.
The Nuoda machinery factory is empty, only the gray-haired boss and two wage earners, who deliver goods slowly.
Kiyoshi Hashimoto, the founder of the machinery factory, said, “In general, manufacturing technology has regressed, and the number of workers has decreased and the market has become smaller.”
Japan’s low birth rate crisis! In 2025, 1.27 million small businesses may not be replaced
Under the triple attack of globalization, declining birthrate, and aging population, Japanese manufacturing has moved overseas, and the number of local employees has dropped sharply. However, there are no buyers for the factory, and there is no second generation to take over. The 82-year-old founder can only continue to work.
Kiyoshi Hashimoto, founder of the machine factory, said, “I founded this company in 1985, so it has been 38 years.”
Japan’s low birth rate crisis! In 2025, 1.27 million small businesses may not be replaced
A government report predicts that by 2025, there will be 1.27 million small business owners in Japan who will be over 70 years old and unable to balance health and career at the same time. Once there is no successor, as many as 6.5 million job opportunities will disappear, and the Japanese economy may shrink by 22 trillion yen, equivalent to NT$4.95 trillion.
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2023-07-25 10:13:03
