In 2008 the number of deaths in Japan outnumbered the number of births 1.14 million to 1.09 million respectively and the population fell by 51,000 according to the Health Ministry. By 2050 both Japan and Russia will lose over 20% of their populations and 38% of Korea will be over 65, making it one of the oldest nations in the world. Since 2006, an astonishing 330 people have turned 60 every hour in the US. Over 12% of the US’s population and 16% of the UK’s population is 65 or older, compared to 5.2% in India and 8% in China, suggesting the East will be the economic powerhouse of the new era.
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