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TOPIC: fumio kishida

Society

Why Japan Is Struggling So Much With Falling Birth Rates

The world’s third largest economy will see its population shrink by 40 million people by 2060. Among the root causes: millions of men in precarious employment, excluded from the marriage market, and work pressures that weigh heavily on families.

TOKYO — It’s the last chance. It’s almost time for the last train back to the suburbs. Disinhibited by drinks at an “izakaya” in Tokyo’s Shimbashi district offering “nomihodai” (all-you-can-drink), young employees, still wearing dark suits but with their ties undone, try the old techniques of “nampa," street flirting. One runs after a young girl with a packet of aperitif crackers in hand, assuring her that she has just dropped it. She apologizes, explaining that it’s not hers. “Let’s go and eat together over a drink then," attempts the bold, almost desperate young man.

It’s so complicated to find a partner in Japan, to get married and, maybe, one day, to have a child. A true obstacle course. “Twenty six per cent of Japanese men aged 50 have never been married. The rate is 16.4% for women. And it’s rising,” says Seiko Noda, former Minister for Children’s Policies, at a seminar with the foreign press in Tokyo. “And since we don’t traditionally have children outside of marriage, the decline in the number of marriages has led to a fall in the number of births since 1973,” she explains.

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Abenomics Revisited: Why Japan Hasn't Attacked The Wealth Divide

Japanese Prime Minister Fumio Kishida promised to tackle wealth inequality and help struggling workers. But a year after he came to power, financial traders are once again the winners.

-Analysis-

TOKYO — Panic on the Nikkei, the Japanese stock market. Almost a year ago, at the end of September 2021, traders went into a panic in Tokyo. On Sept. 29, Fumio Kishida had just won the general election for the country's main conservative party, the Liberal Democratic Party. He was about to be named Prime Minister, succeeding Yoshide Suga, who'd grown too unpopular in the polls.

Kishida had won through a rather original reform program, which was in stark contrast with years of conservative pro-market politics. In his speeches, he had promised to generate a “new capitalism”. A phrase that makes investors shudder.

While he did not completely renounce his predecessors’ strategy called “Abenomics” — named after free-market stalwart Shinzo Abe, who was killed last July — Kishida declared that the government needed to tackle the issue of the redistribution of wealth in the island nation.

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A Dove From Hiroshima: Is Fumio Kishida Tough Enough To Lead Japan?

Japan's new prime minister is facing the twin challenges of COVID-19 and regional tensions, and some wonder whether he can even last as long as his predecessor, who was forced out after barely one year.

-Analysis-

TOKYO — When Fumio Kishida, Japan's new prime minister. introduced himself earlier this month, he announced that the three major projects of his premiership will be the control of the ongoing pandemic; a new type of capitalism; and national security.

Kishida also pledged to deal with China "as its neighbor, biggest trade partner and an important nation which Japan should continue to dialogue with."

Nothing too surprising. Still, it was a rapid turn of events that brought him to the top job, taking over for highly unpopular predecessor, Yoshihide Suga, who had suddenly announced his resignation from office.

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