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Chosun Ilbo, a South Korean newspaper, reported last month that Japan may allow 200,000 immigrants annually to settle in the country.
Under this policy, Japanese authorities predict their population would reach 114 million by 2110.
The Prime Minister said that the acronym sends a positive message at the outset of the new partnership’s ventures to maintain peace, stability and prosperity across the world.
It also gave them an exponential social and economic advantage.
Last year, Japan recorded only 1.03 million births -- and the country may lose one-third of its current population of 127 million by 2060, said the National Institute of Population and Social Security Research.
Consider what Japan’s future demographic crisis will do to the metropolis of Tokyo -- a municipal government report warned that the population of the capital city will be cut by half over the next 90 years.
Read more The disrupted workplace presents a new opportunity for the HR function: to become a strategic partner to the CEO in influencing and executing business strategy. Read more Permanent establishment (PE) means having a taxable presence outside your company’s state of residence.
Tax authorities are adapting beyond the “bricks and mortar” definition, identifying PEs caused by overseas contractors, short-term business travelers, warehouse space, digital activity and more.