Demography - Why does Japan have so few children?

Many developed economies are facing the demographic challenge of shrinking populations, none more so than Japan.

Japan now has the lowest number of children under 14 since 1950. This has massive implications for its labour market, its supply-side and its public finances. Labour shortages, the economic implications of LRAS shrinking and the cost of maintaining an ageing population could all slow growth in an economy which has already struggled to generate much in the way of growth in the last 30 years.