Japan's population to drop by 1 million each year in coming decades

http://www.msnbc.msn.com/id/46187200.../#.TyagmoGj1c0

Various versions of this same story floating around today based on a new govt report. Reminded me of this old thread.

Japan's population began declining around 2006, and will continue to accelerate in the coming years.

As the labor pool dries up, more and more production moves offshore to wherever the workers are. Domestic consumption continues to decline and the ever shrinking workforce is left supporting an ever rising cohort of pensioners. Hard for me to imagine how Japan's economy can outrun the collapse in population.