The big picture: Japan's birthrate has hit a record low for the eighth consecutive year in 2023, with just 758,631 births recorded. Marriages also saw a historic low, with 489,281 unions, highlighting a deepening demographic crisis. Why it matters: Chief Cabinet Secretary Hayashi has declared the situation a critical demographic challenge.
The fact that our economic system requires never-ending growth to remain solvent is so crazy to me. And somehow many of the serious economists don’t see an issue with this.