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A nursing home in Japan: Social security outlays have ballooned over the past two decades, forcing the government to borrow to sustain the system. (Photo by Akira Kodaka)
Asia Insight

Asia's worst aging fears begin to come true

Policymakers in South Korea, China and Japan stare into demographic abyss

MITSURU OBE, Nikkei staff writer | South Korea

TOKYO -- The Asian century is going to be gray.

From Japan and South Korea to China and some parts of Southeast Asia, aging populations are about to fundamentally change societies, business strategies and government policies. Moreover, the trend could tilt the regional and global power balance, as some economies are stunted while others continue to grow on the back of still-plentiful labor.

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