Part 6/14:
With declining birthrates and aging populations, many countries—including Japan, across Europe, and North America—are heading toward a critical shortage of workers. Governments have already begun resorting to tactics like financial repression—artificially low interest rates that reduce the real value of debt—to manage mounting pension liabilities.
Japan exemplifies this crisis: with the oldest population worldwide, its government struggles to fund pensions amid a debt exceeding 250% of its GDP. To maintain social stability, Japan increasingly relies on financial repression—using policies that devalue savings and slow the repayment of debt.