Will Inflation Make A Comeback As Populations Age?
While rising life expectancy and declining birth rates are deemed major achievements in modern day science and healthcare, they will have a substantial influence on future generations. In fiscal 2019, social safety benefit expenditures totaled 123.9 trillion yen (up 2.1 percent from the earlier fiscal year), a figure which amounted to 982,200 yen per particular person. The ratio of Japan’s social security advantage expenditures to national revenue registered 30.9 %. Advantages for the aged accounted for 66.2 % of total social safety advantage expenditures. In 2012, the high yen in Japanese economy was corrected due to expectations toward anti-deflationary financial...