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Case Study - Japan - Coggle Diagram
Case Study - Japan
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Consequences
Social
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Causes fall in birth rates, leading to negative NIR, decreasing population and not enough workers to support economy
Economic
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Organizations confined to old ways, less dynamic business
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Increase in pensions
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Retirement age 60 but elderly on average living to ages of 90, 30 years of taking money from government
Shrinking workforce and tax base, higher taxes but less people to tax
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