Tax Policy for Aging Societies

The Japanese population is aging faster than any other in the world. The per­ centage of Japan''s population aged 65 and above was only 7.1% in 1970,but just 30 years later, in 2000, it reached 17.2%. A declining birth rate and a rising average life expectancy will continue to push this trend further. This situation is causing serious problems for Japanese society.Structural reforms, especially ta...