China’s GDP exceeded Japan and the fact symbolizes Japan’s decline. It is disappointing as Japanese. Considering the low birthrate and the aging, Japan’s economy doesn’t seem to grow like the bubble age. We tend to feel a negative image from the low birthrate and the aging.
Media and papers allege that Japan’s market is going to shrink because of that and nobody doubt the allegation. Isn’t there any hope in this country? The aging is bad?
Let’s look a bright side. A professor argues that developed countries should encourage knowledge-intensive-industry because emerging countries like BRICs are becoming competitive in many industries like automobiles and electronics. The market of newly knowledge-based industries such as information technology, nano-technology and bio-technology may have much possibility of economic growth.
I think Japan, the aging society, has advantage in the knowledge-based industries because aged people have knowledge and experience though they lack of physical strength. If many aged people over 60 years old keep working and encourage such industries, Japan’s future is bright. Aged people’s knowledge and experience will empower Japan’s economy. It is possible.
In addition of economic growth, the labor of old people will help Japanese public finance. The tax income will increase and the payment of the public pensions will decrease. The payment is subtracted in the case of the people who have income.
The aging society has advantages and we should look a bright side. Japan is cool country and we can grow farther.