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Japan's longevity crunch can shape a new, kinder capitalism

Western-style economics needs a reset

| Japan
People stroll through Tokyo's Sugamo neighborhood, an area popular among the elderly: Japan does capitalism differently.   © Reuters

Stephen Johnston is founder of Fordcastle and co-founder of Aging2.0, a US-based global network for innovation in aging.

As the West looks to reform capitalism, it could learn two lessons from Japan: a recognition of the value of society and a longevity-driven focus on quality of life over quantity of growth.

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