PART III The Impact of Population Aging on the Socioeconomic System in Japan
Naohiro OGAWA
Professor
College of Economics and Deputy Director Population Research Institute Nihon University
Introduction
The story of Japan's miraculous postwar economic success has been told many times (Minami, 1986; Ogawa, Jones, and Williamson, 1993). No less spectacular, however, was the unprecedented rapidity with which Japan completed her demographic transition (Hodge and Ogawa, 1991). Among all the industrialized nations, Japan was the first to experience a fertility decline in the postwar period and it recorded the greatest decline in national fertility among these countries.
