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Economy

Asia must embrace -- not fear -- its changing demographics

SINGAPORE -- At a news conference with U.S. President Barack Obama at the White House on Aug. 2, Singaporean Prime Minister Lee Hsien Loong suddenly brought up Japan's aging population and declining birthrate. "Demographics will [be] a big factor to come. If we look at Japan -- 50 more years, population shrinking and you have a very small country left."

His remark was in reply to a question about what Asia and the U.S. will look like 50 years from now.

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