Silver Tsunami in Japan and Korea-Impact of Aging Demography on Economy

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          On November 29th, 2016, Kosuke Motani, a chief senior economist in Japan Research Institute and also the senior advisor regarding on regional planning in the Development Bank of Japan, gave an inspiring lecture to lots of students both from GSIS and other department and also to many of school members. His lecture overviewed current situation both in Japan and Korea regarding the problem of superaged society combined with lower fertility rate issue. He described historical and economic background that behind this current situation has caused a paradoxical economic problem in Japan, which is not not inflation with less production but deflation with less demand. Lastly, he brought up the problem about the increasing tempo of Korea society now showing in this problematic population structure, that in near future Korea could face similar but severe problem than of Japan.