Recent Updates
- Macao: Visitor Arrivals (Apr)
- Turkey: Domestic Debt by Holder (APR)
- UK Regional: Northern Ireland: Mortgage Possession (Q1)
- UK Regional: GfK Consumer Confidence Barometer by Region (May)
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Economy in Brief
UK Consumer Sentiment Hits Lowest Reading since 1996
(when the GFK survey began; also lowest reading 'ever')
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
U.S. Index of Leading Indicators Fell in April
Five of the index's components fell in April, one was unchanged and four increased...
U.S. Unemployment Claims Rose in the Latest Week
The state insured rates of unemployment in regular programs vary widely...
CBI Gauge in the UK Continues to Be Upbeat
The global economy has a lot of challenges...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Carol Stone July 20, 2004
Monthly population estimates for Japan were reported today as of July 1 by the Japanese Ministry of Public Management, Home Affairs, Post & Telecommunications. The new data reveal a small outright decline in the population of Japan this year from July 2003. Details are not yet available, but the decline may owe to foreign visitors or workers leaving the country, rather than to a decrease in the number of Japanese people. Even so, patterns of births and deaths through January (which were reported yesterday) imply a slight natural decrease.
Another major force in Japanese demographics is the rapidly increasing size of the elderly population. As indicated in the table below, women over age 75 constitute more than 10-1/2% of the total population of women; this share has increased almost 4 percentage points in the last ten years. The number of elderly men is also gaining; their share of the total male population has risen 2-1/2 percentage points since 1994 to 6.5% in July.
By comparison, the population of the US is growing at about 1% a year. Older Americans are also increasing, but much more gradually as a share of the total population than in Japan. Growing numbers of the elderly increase conditions of dependency in the economies of these two nations and others as well. Japan's rates are higher now, but as the US "Baby Boomers" age, the share of elderly will go up markedly here too.
10 Thousand People | July 2004 | July 2003 | July 2002 | July 2001 | July 1994 |
---|---|---|---|---|---|
Japan: Total | 12761 | 12765 | 12740 | 12713 | 12496 |
Yr/Yr % Change | -0.03 | 0.20 | 0.21 | 0.20 | 0.21* |
Female | 6537 | 6534 | 6516 | 6497 | 6367 |
Yr/Yr % Change | 0.05 | 0.28 | 0.29 | 0.17 | 0.26* |
% over Age 75 | 10.6 | 10.1 | 9.7 | 9.3 | 6.8 |
Male | 6224 | 6231 | 6224 | 6216 | 6129 |
Yr/Yr % Change | -0.11 | 0.11 | 0.13 | 0.24 | 0.15* |
% over Age 75 | 6.5 | 6.1 | 5.8 | 5.4 | 4.0 |
United States: Total | 29292** | 29081 | 28797 | 28509 | 26313 |
Yr/Yr % Change | 0.97** | 0.98 | 1.01 | 1.03 | 1.11* |
% over Age 75 | N.A. | 6.0 | 6.0 | 6.0 | 5.5 |