The announcement came ahead of the country’s annual Respect for the Aged Day on September 16, as reported by The Japan Times.
Currently, 29.3% of Japan's total population is aged 65 and above, marking an increase of 0.2 percentage points and setting a new record. This demographic includes 15.72 million men, representing 26.1% of the male population, and 20.53 million women, making up 32.3% of the female population.
Projections by the National Institute of Population and Social Security Research estimate that by 2040, this figure will rise to 34.8%, as the second baby boomer generation, born between 1971 and 1974, ages into this group.
Japan, already recognised as having the world's oldest population, has also faced declining birth rates in recent years. In response, the government invested $19 million in 2021 to support local authorities in running or launching projects that use artificial intelligence (AI) to help match individuals and encourage marriages, to boost the birth rate.
In June 2024, it was reported that the Tokyo Metropolitan government plans to introduce a dating app called 'Tokyo Futari Story' later this year to address the country’s demographic challenges.
Japan’s East Asian neighbour, South Korea, is experiencing similar issues with low birth rates and an ageing population. As of June 2024, the average age in South Korea was 44.5 years.