Opportunities in Japan's Aging Society: Unlocking Global Business Potential
Leveraging Japan's Aging Population: Opportunities for Global Businesses Introduction Japan's rapidly advancing aging society presents a myriad of new opportunities. This shift is not just confined to Japan but extends to global markets, offering significant business potential for companies worldwide. This article delves into the characteristics of the Japanese market amidst the aging trend and explores how businesses can effectively leverage this development. Background of Japan's Aging Phenomenon As of 2020, 28.7% of Japan's population is aged 65 and older, and this percentage is projected to continue rising. This aging phenomenon is largely influenced by Japan's characteristics as a longevity nation and the declining birth rate. Considering this backdrop, the…