While many nations have aging populations, Japan's demographic crisis is truly dire, with forecasts showing that 40 percent of the population will have been 68 and over in 2055.(1)____ Same of the consequences have been long foreseen, like deflation: as more Japanese retire and live off their savings, they spend more, further depressing Japan's anemic levels of domestic consumption.(2)____ So a leas anticipated outcome has been the appearance of generational inequalities.(3)____
The disparities manifest itself in many ways.(4)____ There are corporations that hire all too many young people for low-paying jobs-in effect, forcing them to shoulder the costs of preserving cushier jobs to older employees.(5)____ Others point to an underfinanced pension system so skewed in the favor of older Japanese that many younger workers simply refuse to pay; a "silver democracy" that spends far more on the elderly than education and child care-an issue that is familiar to Americana; and outdated hiring practices that have created a new "lost generation" of disenfranchised youths.(6)____(7)____
Nagisa Inoue,a senior at Tokyo's Meiji University said she was considering paying for a fifth year at her university rather than graduate without a job, an outcome that in Japans rigid job market might permanently taint her chances of ever getting a higher-paying corporate job.(8)____ That is why Japanese companies, even when they do offer stable, regular jobs, prefer to give them only to new graduates,which are seen as the more malleable candidates for molding Into Japan'a corporate culture.(9)____(10)____