Aging in Asia: Health Concerns Evolving into Business Issues
According to the South China Morning Post, as the disparity between healthspan and lifespan grows globally, the health challenges facing aging Asia are increasingly viewed through a business lens. Japan's recent data shows a significant portion of its population is aged 65 or older, while an upcoming regional conference highlights the impact of aging on labor markets and public finances.
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The South China Morning Post reports that as the worldwide difference between healthspan and lifespan approaches a decade, the health concerns of an aging Asia are becoming more of a business matter. Last month, Japan's internal affairs ministry published its annual data in anticipation of Respect for the Aged Day. Data indicates that individuals aged 65 and above now constitute a record 29.6 per cent of the population. Furthermore, the report noted that 9.43 million Japanese workers were 65 or older in the previous year, representing approximately 13.8 per cent of all employed individuals.
The Asia-Pacific Regional Conference on Population Ageing is scheduled to take place in Hangzhou, China, later this month. The organizers, which include HelpAge International, the UN Population Fund (UNFPA), and the China National Committee on Ageing, have stated that demographic aging is altering public finances and labor markets throughout the region. The report also suggests that consideration must be given to what might happen to a family or a company when the individual who sustains it becomes ill at the age of 45.
One individual shared that they experienced intensive care at age 37 after having established companies across three nations. This personal experience is cited as the reason the individual now dedicates their professional life to prevention.
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