Japan. The land of anime – hand-drawn or computer animations, a technological superpower with a staggering gross government debt. It accounted for 219% of GDP in 2016. The long-lasting trend of worsening fiscal situation in Japan continues alongside the increases in health and pension spending linked to population ageing which puts the upward pressure on government debt.
If this is not very inspiring a lot of others specifics in the Japanese society are admired by western countries. For example unbeatable longevity. Japan is no. 1 in the world when it comes to life expectancy at birth: the average life expectancy is 83.9 years, 87.1 for women, 80.8 for men.
The ageing population requires new policies and political measurements to prevent economic collapse. According to the OECD Health Statistics 2016, Japan’s total health spending accounted for 11.2 percent of its GDP in 2015, ranking third out of 35 OECD members. Only the U.S. and Switzerland spend more.
Two speakers share their views in this podcast – Kyoko Watanabe – a digital health investor from Defta Partners – a leading venture capital firm focusing on innovative technologies in IT and healthcare and Yuuri Ueda, MD and Director of Health 2.0 Asia – Japan.