Over 28pc of Japanese population officially old

Tokyo : More than 28 per cent of Japan’s population is now officially classified as elderly according to government data, the highest rate in the world as the first wave of postwar baby boomers enter old age. Those aged 65 or older now make up a record 35.6 million, or 28.1pc of the total population, the government said Sunday. The proportion is the highest by far in the world, ahead of 23.3pc in Italy, 21.9pc in Portugal and 21.7pc in Germany, according to UN data for those countries.

The government also said those aged 70 or older accounted for 20.7pc of the population, surpassing 20pc for the first time. The figures show the nation’s postwar baby boomers are now entering old age, it said. The demographic shift is due to a combination of a low birthrate and long life expectancy. Japan’s rapidly greying population poses a major headache for policymakers who are faced with trying to ensure an ever-dwindling pool of workers can pay for the growing number of pensioners.