The ongoing decline in the size of Japan’s adult population won’t look quite so worrying when the recent revival of immigration starts to be factored in. But the underlying trend has worsened over the past decade, with the labour force now set for sizeable declines unless there is an improbable further increase in labour force participation. Meanwhile, the BoJ is readying its defences once again as 10-year yields climb back towards the 0.25% ceiling.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services