The book Megachange: The World in 2050 by journalists of The Economist magazine in Britain offers a pessimistic forecast for Japan in the middle of the current century. Professor Matake Kamiya examines the book’s prescriptions. The world’s most aged society will emerge in Japan in 2050, when the median age will climb to 52.3 years and the number of dependents will be neck and neck with the working age population. The annual GDP growth rate during the period between 2011 and 2050 will average 3.7 percent worldwide, 5.2 percent in developing countries in Asia, and among developed countries, 2.3 percent... [Read more]