Japan's depopulation crisis is worsening, affecting the world's fourth-largest economy. The country has experienced a decline in its average female fertility rate for the eighth consecutive year, reaching a historic low of 5.1 percent in 2023, according to Japan's Ministry of Health. The population decreased by 831,000 last year, with approximately half of Japan's population expected to be over 50 this year.

Despite its resilience after suffering significant losses in the 20th century, including two atomic bombs, Japan has been grappling with a population crisis for years. Recent data from the Ministry of Health reveals a continued decline in women's fertility rates, hitting a record low of 5.1 percent in 2023.

The Japanese Ministry of Health projects that half of Japan's population will be 50 or older this year. The number of marriages in Japan is also dwindling, experiencing a substantial 5.9 percent decrease compared to 2022, totaling 489,281 marriages. This marks the first time in 90 years that registered marriages have fallen below 500,000. The decline in newborns is attributed to delayed marriages and some individuals choosing to remain unmarried.

Japan's population target for 2021 was 125.7 million, as announced by the government. Prime Minister Pumio Kishida has expressed concern over the population crisis, acknowledging that the period until 2030 is crucial for addressing the issue. Efforts are underway, including the introduction of childcare allowances and additional incentives, to reverse the declining population trend in Japan.